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Economy, Law & Politics

Wall Street loses more ground, extending a losing streak

Wall Street loses more ground, extending a losing streak

NEW YORK — Stocks closed lower on Wall Street as investors brace for higher interest rates from central banks to fight inflation. The S&P 500 lost 0.9% Monday, the tech-heavy Nasdaq composite lost 1.5% and the Dow Jones Industrial Average fell 0.
Moscow accuses Ottawa of leading isolation effort, amid squabble over tweets, summons

Moscow accuses Ottawa of leading isolation effort, amid squabble over tweets, summons

OTTAWA — Russia's ambassador to sa¹ú¼Ê´«Ã½ says Ottawa is at the vanguard of an effort to isolate his country, following a series of social-media squabbles and ongoing salvos where each country summons the other's top diplomat.

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Markets It is the last full week of trading on the Toronto Stock Exchange for what has been a difficult year for many investors.
Pierre Poilievre thinks he can win over new Canadians. Here's how he plans to do it.

Pierre Poilievre thinks he can win over new Canadians. Here's how he plans to do it.

OTTAWA — A young Pierre Poilievre sits in front of a room of Conservative faithful and explains their party's strategy for winning a majority mandate. That hasn't happened yet.
As politicians played inflation blame game in 2022, what really drove rising prices?

As politicians played inflation blame game in 2022, what really drove rising prices?

OTTAWA — Some called it "Justinflation." Others called it "greedflation." But reality might be a lot less catchy than the wordplay that has taken off in Canadian politics this year.
Judge slams lying defendants in ‘convoluted’ Richmond investments case

Judge slams lying defendants in ‘convoluted’ Richmond investments case

Court left to weave through ‘labyrinth of irrelevant evidence and dealings that defied common sense’: sa¹ú¼Ê´«Ã½ Supreme Court judge
Friendly rivals: with EV tensions in past, sa¹ú¼Ê´«Ã½ poised to compete with biggest ally

Friendly rivals: with EV tensions in past, sa¹ú¼Ê´«Ã½ poised to compete with biggest ally

WASHINGTON — Friends, partners, allies — and rivals.
S&P/TSX composite slides again as hopes for 'Santa Claus rally' fade

S&P/TSX composite slides again as hopes for 'Santa Claus rally' fade

Investor hopes for a "Santa Claus rally" this December were dampened yet again Friday, as broad-based declines capped a week of losses on North American markets. The S&P/TSX composite index closed down 157.35 points at 19,443.
Wall Street loses ground, marking 2nd straight weekly loss

Wall Street loses ground, marking 2nd straight weekly loss

NEW YORK — Stocks ended lower on Wall Street as worries grow that the Federal Reserve and other central banks are willing to bring on a recession if that’s what it takes to get inflation under control. The S&P 500 fell 1.
Statistics sa¹ú¼Ê´«Ã½ says wholesale sales up 2.1 per cent in October

Statistics sa¹ú¼Ê´«Ã½ says wholesale sales up 2.1 per cent in October

OTTAWA — Statistics sa¹ú¼Ê´«Ã½ says wholesale sales rose 2.1 per cent to $83.4 billion in October, boosted by gains in the miscellaneous goods, building material and supplies, and personal and household goods subsectors.