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National Business
National Business
Wall Street ticks higher to close out another strong week
NEW YORK (AP) — Stocks closed higher on Wall Street, marking the market’s third winning week in the last four. The S&P 500 rose 0.2% Friday, having given up much of its afternoon gain. The Nasdaq composite climbed 0.
Jan 27, 2023 1:08 PM
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House GOP seeks new restrictions on use of US oil stockpile
WASHINGTON (AP) — For the second time this month, House Republicans have advanced a measure to restrict presidential use of the nation’s emergency oil stockpile — a proposal that has already drawn a White House veto threat.
Jan 27, 2023 11:02 AM
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Western Forest Products' Port Alberni, sa¹ú¼Ê´«Ã½, mill closes as company seeks viable path
More than 100 workers in Port Alberni are the latest forest industry employees to face layoffs as Western Forest Products confirms it will not restart its sawmill in that Vancouver Island city.
Jan 27, 2023 10:06 AM
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US inflation and consumer spending cooled in December
WASHINGTON (AP) — The Federal Reserve's preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed's series of interest rate hikes are slowing the economy.
Jan 27, 2023 8:34 AM
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Shopify CTO Allan Leinwand steps down for 'personal reason,' Lütke to take over R&D
OTTAWA — Shopify Inc. says chief technology officer Allan Leinwand will be departing the company with chief executive Tobi Lütke to take on some of his responsibilities.
Jan 27, 2023 8:25 AM
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Federal government posts $3.6 billion deficit between April and November
OTTAWA — The federal government posted a budgetary deficit of $3.6 billion in the first eight months of the fiscal year. In its monthly fiscal monitor, the finance department says the deficit compares to a deficit of $73.
Jan 27, 2023 8:00 AM
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Women-led startups fear falling behind amid tech downturn
TORONTO — Members of sa¹ú¼Ê´«Ã½'s tech community say they are worried the sector's recent downturn will weigh even heavier on women founders, who have long trailed their male counterparts when fundraising.
Jan 27, 2023 7:00 AM
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Group forms to build small modular nuclear reactor in Ontario
CLARINGTON, Ont. — Ontario Power Generation, GE Hitachi Nuclear Energy, SNC-Lavalin Group Inc. and Aecon Group Inc. are joining forces to build a small modular nuclear reactor in Ontario.
Jan 27, 2023 5:48 AM
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TotalEnergies EP sa¹ú¼Ê´«Ã½ ups stake in Fort Hills oilsands project
CALGARY — TotalEnergies EP sa¹ú¼Ê´«Ã½ Ltd. says it is increasing its ownership in the Fort Hills oilsands project by acquiring part of Teck Resources Ltd.'s stake in the mine. Teck announced last year that it would sell its 21.
Jan 27, 2023 5:47 AM
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Latest Canfor restructuring affects nearly 500 mill workers in northern sa¹ú¼Ê´«Ã½
VANCOUVER — Canfor Corporation says as many as 157 employees face layoffs in one northern British Columbia town, but the company says it's too early to estimate job losses in a second community as the forest products firm restructures its sa¹ú¼Ê´«Ã½
Jan 26, 2023 7:57 PM
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