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National Business
National Business
Stocks end higher on Wall Street, still down for the week
NEW YORK — Wall Street capped a week of losses with a broad rally for stocks Friday, as investors welcomed solid earnings from big companies and an encouraging report on consumer sentiment and inflation expectations.
Jul 15, 2022 1:53 PM
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Sri Lanka's prime minister sworn in as interim president
COLOMBO, Sri Lanka (AP) — Sri Lanka's prime minister was sworn in Friday as interim president until Parliament elects a successor to Gotabaya Rajapaksa , who fled abroad and resigned after mass protests over the country’s economic collapse.
Jul 15, 2022 1:52 PM
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S&P/TSX composite snaps five-day skid but closed down 3.3 per cent for week
TORONTO — Canada's main stock index broke a five-day losing streak but still ended the week off 3.3 per cent as crude oil and gold prices struggled over the past five trading sessions. The S&P/TSX composite index closed up 65.39 points to 18,394.
Jul 15, 2022 1:48 PM
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Industry minister suggests Rogers outage could weigh on $26-billion Shaw deal
Federal Industry Minister François-Philippe Champagne says last week's massive outage at Rogers Communications Inc. will be on his mind as he weighs the telecom provider's proposed $26-billion takeover of Shaw Communications Inc.
Jul 15, 2022 12:41 PM
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5-letter word for fun? Hasbro, NYT create Wordle board game
The company that makes some of the world's most iconic board games including Scrabble, Monopoly, and Clue is developing a new one based on Wordle, the obsessively popular digital word-guessing game. Hasbro Inc.
Jul 15, 2022 11:55 AM
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Retail sales up 1% in June, easing fears of a recession
NEW YORK (AP) — Consumers picked up their spending from May to June, underscoring their resilience despite painfully higher prices at the gas pump and in grocery aisles and allaying fears that the economy might be on the verge of a recession. U.S.
Jul 15, 2022 11:06 AM
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Manitoba wireless carrier Xplore Mobile to shut down at end of August
Xplore Mobile Inc. will be shutting down at the end of August. The wireless carrier, which provides service to customers in Manitoba, will cease operations on Aug. 31, according to a company statement.
Jul 15, 2022 10:35 AM
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Royal Unibrew buying Toronto-based Amsterdam Brewery for $44 million
TORONTO — Royal Unibrew says it's buying Toronto-based Amsterdam Brewery Co. Ltd. for about $44 million.
Jul 15, 2022 9:33 AM
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June home sales down 24% from last year, 6% since May: CREA
The national real estate market's cooling continued with home sales falling again in June, but the Canadian Real Estate Association said the decreases are smaller than those seen in previous months.
Jul 15, 2022 8:34 AM
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Statistics Canada reports wholesale sales up 1.6 per cent in May at $81.1 billion
OTTAWA — Statistics Canada says wholesale sales rose 1.6 per cent in May to $81.1 billion, boosted by higher sales in the food, beverage and tobacco subsector and the machinery, equipment and supplies group.
Jul 15, 2022 5:58 AM
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