News

TORONTO — Sun Life Financial Inc. says it earned $237 million in its fourth quarter. That’s down from $749 million a year earlier. The insurance company says diluted earnings per share were 41 cents, down from $1.28 during the fourth quarter of 2023. Sun Life says underlying net income for the quarter was $965 million, […]

TORONTO — Sun Life Financial Inc. shares are trading down close to 10 per cent after disappointing fourth-quarter earnings results. The insurance giant says it earned $237 million in its fourth quarter, down from $749 million a year earlier. Earnings worked out to $0.41 per share, far below the $1.69 per share expected by analysts […]

OTTAWA — The Liberal party says it will not accommodate leadership hopeful Ruby Dhalla’s request for a translator at the upcoming French debate in Montreal. Party spokesman Parker Lund says only the candidates and the moderator will be allowed on the debate stage and no translation will be provided. Dhalla said in a recent interview […]

TORONTO — Strength in technology and telecom stocks helped lift Canada’s main stock index in late-morning trading, while U.S. stock markets also rose. The S&P/TSX composite index was up 74.47 points at 25,637.58. In New York, the Dow Jones industrial average was up 162.46 points at 44,531.02. The S&P 500 index was up 39.10 points […]

TORONTO — A group of major U.S. media companies and the Toronto Star are suing artificial intelligence firm Cohere over copyright infringement. The group pursuing the lawsuit against Toronto-based Cohere includes publishers Condé Nast, McClatchy, Forbes Media, Guardian News and companies behind the Los Angeles Times, Vox, Politico and the Atlantic. In a complaint filed […]

TORONTO — Brookfield Corp. reported a net income attributable to shareholders of US$432 million for its fourth quarter, down from US$699 million a year earlier. The company, which keeps its books in U.S. dollars, says its profit amounted to 25 cents US per diluted share for the quarter ended Dec. 31, down from 42 cents […]

TORONTO — Canadian Tire Corp. Ltd.’s CEO says consumers have started to ease up on the frugality they adopted to cope with the economic slowdown, but that progress has likely been “substantially erased” by tariff threats. Greg Hicks, who runs the retailer and its SportChek, Mark’s and Party City banners, said Thursday that the chains […]

OTTAWA — A report by the Canadian Federation of Independent Business says 18 per cent of small- and medium-sized businesses are seeing cancelled or paused orders due to the ongoing trade uncertainty with the United States. The business group says the proportion increases to 34 per cent among exporters, based on the survey of its […]

TORONTO — Canadian Tire Corp. Ltd. reported its fourth-quarter profit rose compared with a year earlier as its revenue crept higher. The retailer says its net income attributable to shareholders totalled $411.5 million or $7.37 per diluted share for the quarter ended Dec. 28, up from $172.5 million or $3.09 per diluted share a year […]

OTTAWA — Foreign Affairs Minister Mélanie Joly is travelling to Europe today. The minister will be in Europe until Feb. 18, traveling to France, Germany and Belgium to take part in conferences, meet with officials to discuss topics like geopolitical conflicts and foreign interference and speak in a roundtable on Arctic security. Joly will start […]