Finance news

Strength in base metal stocks helped Canada’s main equity index rise more than 100 points in late-morning trading, while U.S. stock markets also climbed higher.The S&P/TSX composite index was up 122.97 points at 36,067.13.In New York, the Dow Jones industrial average was up 45.78 points at 52,407.36. The S&P 500 index was up 43.81 points at 7,720.58, while the Nasdaq composite was up 266.33 points at 26,435.71.The Canadian dollar traded for 71.25 cents US compared with 71.30 cents US o

Stepping into adulthood happens overnight: you turn 18 one day, and then you’re free to make your own decisions. But becoming independent takes time. Some young adults remain on their parents’ phone plans or continue to share a joint bank account well into their 20s. But experts say having autonomy over your bills, banking and debt early on can help build financial confidence for years to come.Being aware of the changes that come with adulthood is the first step, said Laura Whiteland, cert

Narrow aisles, fewer shelves, and plenty of house-brand items: this Loblaw store feels cosier but still offers enough variety for a grocery run.Loblaw’s Danish chief executive, Per Bank, brought a little bit of Europe with him three years ago when he moved here to run the country’s largest grocery chain.“Small discount stores … I would probably say that’s some of the things I brought to Canada,” Bank said, sitting in the backroom of a small-scale Toronto No Frills on a brisk October