Business

The second of the three diamond mines that have long anchored the Northwest Territories economy is closing after its owner failed to find a buyer.

Thousands of WestJet flight attendants have handed their union a strike mandate, which could lead to disruptions over the August long weekend.

U.S. stocks are gaining ground Wednesday following strong profit reports from BlackRock and other big companies and an update on the path of inflation.

Shares of lithium-ion battery company Electrovaya Inc. spiked nearly 50 per cent after it announced a deal with Amazon that could see the tech giant take a large stake in the company.

Each of the 26 anonymous employees in the lawsuit took protected leave, or requested or received a reasonable accommodation for disability. Though they have been notified of their layoffs, all 26 remain employed by Meta, with separations set to begin July 22.

The Bank of Canada is holding its policy rate at 2.25 per cent and says that it expects the Canadian economy to improve, despite flatlined growth over the past 18 months.

Amazon said it will launch its new satellite internet service in South Africa in 2027, advancing Elon Musk's Starlink in Africa’s most advanced economy.

The Bank of Canada held its key interest rate steady for the sixth consecutive time on Wednesday, a decision that a veteran money manager said was expected given the central bank’s penchant for waiting things out during times of uncertainty.

Canadian investors using online discount brokers could soon receive a cash payout. This comes after RBC agreed to a $45 million settlement over unfair fees.

Canada’s main stock index was higher as strength in the telecom, financial and industrial sectors helped offset weakness in resource stocks.

The Bank of Canada held its policy interest rate at 2.25 per cent on Wednesday. Here is the text of the central bank’s decision:

Bell Canada says it has reached a key milestone toward launching satellite-to-mobile coverage with the completion of a ground station in Quebec.

Statistics Canada says manufacturing sales rose for a fourth consecutive month to hit a record high in May, helped by gains in the auto sector.

The Northwest Territories government says PricewaterhouseCoopers has been appointed receiver to oversee the winding down of the Ekati diamond mine as that once-vital sector to the local economy continues to diminish.

Loblaw Cos. Ltd. has announced it has entered into an automatic share purchase plan to acquire common shares of EQB Inc.