8 d. ago AI Infrastructure Trade Roars Back as Tech Giants Boost Spending

Shares of companies that provide infrastructure for artificial-intelligence development are soaring after a tumble earlier this year, as spending from Big Tech restores investor confidence in the volatile sector.

Economics

2 w. ago Ontario inks trade deals with Saskatchewan, Alberta ahead of meeting

SASKATOON — Alberta and Saskatchewan signed agreements with Ontario on Sunday to remove trade barriers ahead of a meeting with Prime Minister Mark Carney to hash out a plan they hope will supercharge the economy. The memorandum of understanding between Saskatchewan and Ontario sees both provinces mutually recognize each other’s goods, workers and investment, while […]

Economics

2 w. ago CIBC reports rise in profit on trading boost, modest borrower concerns

TORONTO — CIBC reported a rise in second-quarter profit from last year as it got a boost from volatility-related trading while loan losses were subdued despite the economic uncertainty. The bank on Thursday reported a second-quarter profit of $2.01 billion, up from $1.75 billion in the same quarter last year. On an adjusted basis, the […]

Other

2 w. ago BMO reports rise in profit even as companies remain hesitant on borrowing

TORONTO — BMO Financial Group’s second-quarter profit rose from a year ago even as its Canadian banking and capital markets divisions saw income drop from tariff-related uncertainty. The bank on Wednesday reported a net income of $1.96 billion, up from $1.87 billion for the same quarter last year, with the biggest boost coming from lower […]

Economics

2 w. ago BMO Financial Group reports Q2 profit of $1.96B as revenue also rises

TORONTO — BMO Financial Group reported a rise in profit in the second quarter as revenue rose and the bank’s provisions for potentially bad loans increased less than analysts expected. The bank on Wednesday reported a net income of $1.96 billion, up from $1.87 billion for the same quarter last year. It also announced an […]

Economics

3 w. ago Canada needs to boost productivity and housing affordability: OECD report

OTTAWA — A new report by the OECD says Canada needs to boost productivity and housing affordability to strengthen growth as it faces trade uncertainty and U.S. tariffs that are taking a bite out of the economic outlook. The latest OECD Economic Survey of Canada says government spending and interest rate cuts may be required […]

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