Business News Advisory from The Canadian Press

Here are the CP Business Department's plans for today and the top business stories so far. All times Eastern unless otherwise stated. All ETAs and wordcounts approximate. Entries are subject to change as news develops.

If you have any questions, please contact Kate Hopwood at 416-507-2151 or, or Jody White at You can always reach the desk at or 416-507-2138.



Bank of Canada outlines rate hike plan


Bank of Canada governor Tiff Macklem says the central bank plans to increase interest rates before it reduces the size of its government bond holdings, although its timing on the rate hike will depend on the economic recovery. By Salmaan Farooqui. Words: 527, Photos: 1

Transat AT says demand 'steady' for winter travel


Calgary, Alberta, Canada -- Transat AT Inc. has seen steady customer demand since resuming flights earlier this summer, but the travel company said Thursday it still doesn't expect to return to its pre-pandemic level before 2023. By Amanda Stephenson. Words: 703, Photos: 1

Canadian banks look to U.S. for growth


Toronto, Ontario, Canada -- Canadian bank CEOs say they are looking to grow their U.S. operations as the country shows a strong economic rebound from the COVID-19 pandemic. By Ian Bickis. Words: 647, Photos: 1

Tree on your property? Check your insurance policy


Calgary, Alberta, Canada -- When a severe storm ripped through parts of southern Ontario on Aug. 26, the old maple tree in Valerie Falcone's front yard was one of the casualties. By Amanda Stephenson. Words: 740, Photos: 1

Empire reports $188.5M first-quarter profit


Stellarton, Nova Scotia, Canada -- Empire Co. Ltd., which owns the Sobeys and Safeway grocery chains, says it earned $188.5 million in its latest quarter Words: 175, Photos: 1

Dollarama reports Q2 profit and sales up


Montreal, Quebec, Canada -- Dollarama Inc. reported a second-quarter profit of $146.2 million, up from a profit of $142.5 million in the same quarter last year. Words: 160

Tech sector gains help S&P/TSX composite edge up


Toronto, Ontario, Canada -- Canada's main stock index crept higher in late-morning trading, as gains in the technology sector helped lead the way, while U.S. stock markets also rose. Words: 153, Photos: 1



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