Facebook Inc. reported a 71 per cent jump in quarterly profit on Wednesday as the social media giant's push into video ads helped drive growth in its mobile ad business.
Federal Reserve officials said they would begin running off their US$4.5 trillion balance sheet “relatively soon” and left their benchmark policy rate unchanged as they assess progress toward their inflation goal.
Canada's housing agency continues to give the market its worst possible rating, despite measures to cool overheating. Canadian Press / Financial Post.
The grocery and drugstore company also says health-care reform in Quebec is expected to also hurt its bottom line. Loblaw says labour expenses are expected to increase by about $190 million in 2018.
Jerry Natanine, community leader and former mayor of Clyde River, speaks during a press conference on Parliament Hill following a ruling at the Supreme Court of Canada in Ottawa on Wednesday, July 26, 2017.