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Canadian banks to focus on growth, spending and buybacks after strong second quarter

Canadian banks to focus on growth, spending and buybacks after strong second quarter

TORONTO — Canadian banks had a strong second quarter, where they beat expectations and began to wind down reserves built up to protect themselves from customers defaulting on loans.
Canopy Growth CEO 'really bullish' on U.S. pot legalization after recent reforms

Canopy Growth CEO 'really bullish' on U.S. pot legalization after recent reforms

Canopy Growth Corp. is continuing to pin its hopes on the U.S. as competition in Canada's cannabis industry intensifies amid a wave of mergers and acquisitions. The Smiths Falls, Ont.
Construction spending posts modest 0.2% gain in April

Construction spending posts modest 0.2% gain in April

WASHINGTON (AP) — U.S. construction spending rose a modest 0.2% in April as strength in housing offset further weakness in nonresidential construction.
US manufacturing activity grows for the 12th straight month

US manufacturing activity grows for the 12th straight month

SILVER SPRING, Md. (AP) — Growth in U.S. manufacturing picked up in May, even as supply chain problems persist and businesses continue to struggle to find workers.
OPEC ups crude production as economies recover

OPEC ups crude production as economies recover

FRANKFURT, Germany (AP) — The OPEC oil cartel and allied producing countries have confirmed their plans to return 2.
A-list shows returning to Atlantic City with Guns N' Roses

A-list shows returning to Atlantic City with Guns N' Roses

ATLANTIC CITY, N.J. (AP) — Welcome (back) to the jungle: Guns N' Roses is playing an Atlantic City casino this year. The iconic hard rock band has booked two dates at the Hard Rock casino Sept.
Scotiabank earns $2.5B profit as countries grapple with uneven recovery from pandemic

Scotiabank earns $2.5B profit as countries grapple with uneven recovery from pandemic

TORONTO — Bank of Nova Scotia believes an economic rebound is on its way this year, but says recovery might be uneven across the countries it operates in. While Canada, the U.S.
Centerra's Kumtor subsidiaries file for Chapter 11 bankruptcy protection in U.S.

Centerra's Kumtor subsidiaries file for Chapter 11 bankruptcy protection in U.S.

TORONTO — Centerra Gold Inc. says its wholly owned subsidiaries that own and operate the Kumtor Mine have filed for Chapter 11 bankruptcy protection in the U.S.
Uncertain path ahead to next year's Ontario election, experts say

Uncertain path ahead to next year's Ontario election, experts say

TORONTO — With exactly one year until Ontario heads to the polls, experts and political observers say the cloud of uncertainty surrounding pandemic life will have a profound impact on the province's next election.
Quebec cannabis corporation names interim CEO as Bergeron heads to Loto-Québec

Quebec cannabis corporation names interim CEO as Bergeron heads to Loto-Québec

MONTREAL — The Quebec cannabis corporation has appointed Paul Furfaro interim president and CEO, replacing Jean-François Bergeron, who has departed to head Loto-Québec.