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Icelandic discount carrier Play Airlines pulls out of Canada

Icelandic discount carrier Play Airlines pulls out of Canada

Play Airlines is pulling out of Canada less than two years after entering the market. The discount carrier's schedule shows that starting in late April it will stop its four flights per week from Hamilton, Ont.
Electric vehicle rebates paused as federal program runs out of money

Electric vehicle rebates paused as federal program runs out of money

OTTAWA — The federal government has paused an incentive program that offered Canadians rebates of up to $5,000 when buying or leasing electric vehicles.
Black Friday was busiest holiday shopping day in Canada: Moneris

Black Friday was busiest holiday shopping day in Canada: Moneris

TORONTO — New data says Black Friday was the busiest shopping day of the 2024 holiday season in Canada, regaining the top spot after recent years were dominated by pre-Christmas shopping.
S&P/TSX composite down more than 200 points, U.S. stock markets mixed

S&P/TSX composite down more than 200 points, U.S. stock markets mixed

TORONTO — Canada's main stock index fell almost one per cent Monday, weighed down by losses in energy, technology and utilities, while U.S. markets were mixed. The S&P/TSX composite index closed down 231.41 points at 24,536.32.
Stock market today: Gains for oil producers and drops for Big Tech leave Wall Street mixed

Stock market today: Gains for oil producers and drops for Big Tech leave Wall Street mixed

NEW YORK (AP) — U.S. stock indexes were split on Monday as gains for oil-and-gas producers helped offset drops for Nvidia and other Big Tech companies. The S&P 500 rose 0.2% after erasing an earlier fall of 0.9%.
U.S. benefits from Canadian trade at least as much as Canada: report

U.S. benefits from Canadian trade at least as much as Canada: report

While both sides would be hit by a similar amount of economic pain in a trade war, Canada would feel it much more because its overall economy is much smaller, creating what one economist called an "existential threat."
Severe weather did record damage in 2024 with more than $8B in insured losses

Severe weather did record damage in 2024 with more than $8B in insured losses

TORONTO — A new report says the cost of insured damage caused by severe weather last year hit a record high as it totalled more than $8 billion.
Supreme Court declines to hear from oil and gas companies trying to block climate change lawsuits

Supreme Court declines to hear from oil and gas companies trying to block climate change lawsuits

WASHINGTON (AP) — The Supreme Court said Monday it won’t hear an appeal from oil and gas companies trying to block lawsuits seeking to hold the industry liable for billions of dollars in damage linked to climate change .
Toronto's proposed 2025 budget includes 6.9 per cent property tax increase

Toronto's proposed 2025 budget includes 6.9 per cent property tax increase

The City of Toronto is proposing to increase property taxes by 6.9 per cent this year to help fund its $18.8 billion operating budget for 2025. The proposed hike includes a tax increase of 5.
Mali seizes 3 tons of gold from Canadian company Barrick amid dispute over share of revenue

Mali seizes 3 tons of gold from Canadian company Barrick amid dispute over share of revenue

DAKAR, Senegal (AP) — Mali's military government has started seizing gold stocks of the Canadian mining company Barrick as part of a legal battle over the share of revenue owed to the West African state, according to an internal Barrick letter seen b
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