CTV News | Business News - Financial News Updates

Canadian mortgage rates are beginning to inch higher for the first time since before the COVID-19 crisis, but with home loans still languishing around historically low levels the modest hike is unlikely to slow the red-hot housing market.

Stocks are higher in Europe and Asia after a wobbly day on Wall Street, when the S&P 500 gave back most of its gains from a day earlier.

With Australians still unable to travel abroad due to pandemic restrictions, flag carrier Qantas is launching a series of 'Mystery Flights' to encourage domestic travel.

A federal judge ordered Exxon Mobil to pay a US$14.25 million civil penalty Tuesday in an 11-year-old lawsuit alleging it violated the Clean Air Act for eight years at its flagship Baytown, Texas, refinery.

The federal government is telling an appeal court it had to provide U.S. authorities with customer information from Canadian banks to avoid possibly "catastrophic effects" on Canada's economy.

Rio Tinto chairman Simon Thompson said Wednesday he was accountable for the mining giant destroying sacred Indigenous sites in Australia to access iron ore and he will not seek reelection as a board director next year.

China-based government hackers have exploited a bug in Microsoft's email server software to target U.S. organizations, the company said Tuesday.

March is fraud prevention month and on CTVNews.ca, financial commentator Pattie Lovett-Reid highlights the 5 most popular scams Canadians are falling victim to during the COVID-19 pandemic. 1

One of China's most powerful financial officials is sounding the alarm over a bubble in global markets.

The Canada Mortgage and Housing Corp. says Romy Bowers will succeed Evan Siddall as its chief executive beginning next month.

Amazon has quietly changed the design of its new app icon, replacing the blue ribbon on top that drew some unfavourable comparisons.

Toymaker Spin Master Corp. says its revenue grew 3.6 per cent compared with a year ago as an increase in sales of activities like Kinetic Sand and Paw Patrol toys offset declines in remote control games and interactive characters like Hatchimals.

The federal government says the door is open to help producers affected by the closure of a central Alberta pork plant where an outbreak of COVID-19 has infected hundreds of workers and resulted in three deaths.