National Business

FREDERICTON — North Atlantic right whales should live well past 100 years, but threats to the endangered species, including from commercial crab and lobster fishing, have cut their lifespan to a fraction of that, a recent study suggests.

Canada’s 100 highest-paid CEOs earned $13.2 million on average in 2023 from salaries, bonuses and other compensation, according to the Canadian Centre for Policy Alternatives.

EDMONTON — Alberta’s electricity “rate of last resort” starts today, replacing the province’s previous default rate for consumers who don't have a contract. The rate is set at about 12 cents per kilowatt hour until 2027.

There are a few changes in federal policies that could affect Canadians' finances in the new year. Brian Quinlan, a chartered professional accountant with Allay LLP, says many of the changes are routine.

SEOUL, South Korea (AP) — A team of U.S.

VICTORIA — A maximum 20-per-cent home-flipping tax is among new regulations taking effect in British Columbia as of Jan. 1, with a promised middle-income tax cut arriving in the coming months as well as a spring carbon tax increase.

TORONTO — Toronto-based private equity firm Birch Hill Equity Partners has completed its acquisition of the Rexall Pharmacy Group. Birch Hill acquired the drugstore chain from previous owner McKesson Corp. in a transaction that closed Dec.

Canada's main stock index ticked higher on the final day of 2024, putting a bow on a year that saw impressive gains for North American markets. The S&P/TSX composite index was up 107.35 points at 24,727.

Stocks indexes closed mostly lower on Wall Street on the final day of another record-setting year. The S&P 500 slipped 0.4% Tuesday, but still managed to rack up a gain of 23.3% for the year, its second straight year with gains of more than 20%.

TELEGRAPH COVE, B.C. — Fire crews on Vancouver Island are warning people to stay away from the community of Telegraph Cove where a massive fire has engulfed a popular boardwalk.