CTV News | Business News - Financial News Updates

The Canadian company behind the Keystone XL oil pipeline said Wednesday it has suspended work on the pipeline in in anticipation of incoming U.S. President Joe Biden revoking its permit.

The Bank of Canada says the national economy will go in reverse for the first quarter of 2021, hammering the hardest-hit workers again on the path to a recovery that rests on the rollout of vaccines.

The annual rate of inflation slowed in December as the pace of rising food prices decreased and the cost of air travel compared with a year earlier fell, Statistics Canada said.

Alibaba Group founder Jack Ma met 100 rural teachers in China via a live video meeting on Wednesday morning, in the businessman's first appearance since October, triggering a sharp jump in the Hong Kong listed shares of the e-commerce giant.

As public outcry grows over the dramatic expansion of coal leases along the previously protected foothills in Alberta, Energy Minister Sonya Savage tried to ease tensions this week. 1

U.S. stocks are rallying to records Wednesday on encouraging earnings reports and continued optimism that new leadership in Washington will mean more support for the struggling economy.

Incoming U.S. President Joe Biden campaigned on a starkly different vision for America's future than Donald Trump, and now that he’s in the White House, experts say Canadians can expect some big changes. 9

The founder of MyPillow, a vocal and in the past few weeks very visible supporter of U.S. President Donald Trump, says a backlash against the company has begun after a mob stormed the U.S. Capitol this month.

Sustainable investing experts say TC Energy Corp.'s plan to decarbonize the Keystone XL pipeline is unlikely to save its fortunes, as a growing movement to divest from fossil fuels gains political clout.

Filing taxes this year may be more complicated than in years past for Canadian small business owners who received government aid during the pandemic, CTV News' Chief Financial Commentator Pattie Lovett-Reid writes in her blog for CTVNews.ca. 1

Goldman Sachs said its profits more than doubled from a year earlier thanks to a surge in both trading and advising revenue.

One of Canada's most prominent technology darlings is being sold to a South Korean internet conglomerate in a US$600-million deal.

Netflix's video streaming service has surpassed 200 million subscribers for the first time as its expanding line-up of TV series and movies continues to captivate people stuck at home during the ongoing battle against the pandemic.