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National Business
National Business
Wall Street rally fades as corporate profit reports ramp up
NEW YORK — Stocks closed lower on Wall Street Monday after an early gain evaporated in the afternoon. The choppy trading came at the start of another busy week for profit reports from U.S. companies. The S&P 500 fell 0.8%. The Dow fell 0.
Jul 18, 2022 1:11 PM
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Suncor reaches deal with activist investor, will consider sale of Petro-Canada
Suncor Energy Inc. said Monday that it has reached a deal with activist investor Elliott Investment Management LP that will see it undertake a strategic review of its Petro-Canada gas station chain with the goal of "unlocking shareholder value.
Jul 18, 2022 11:58 AM
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Interest rate hike like a 'hammer to housing': BMO senior economist
A BMO Capital Markets senior economist says the Bank of Canada's recent move to increase its key interest rate is setting up the housing market for an even deeper correction next year
Jul 18, 2022 10:41 AM
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Precision Drilling buying Canadian well servicing business from High Arctic
CALGARY — Precision Drilling Corp. has signed a deal to buy the Canadian well servicing business of High Arctic Energy Services Inc. for $38.2 million in cash.
Jul 18, 2022 8:57 AM
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CMHC says annual pace of housing starts slowed in June compared with May
OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in June slowed compared with May.
Jul 18, 2022 5:35 AM
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Lebanon's Baalbek festival back, despite economic collapse
BAALBEK, Lebanon (AP) — Lebanon’s renowned Baalbek festival is back, held in front of a live audience for the first time since 2019, despite the country's economic meltdown and the coronavirus pandemic.
Jul 18, 2022 5:11 AM
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'Thor' stays No. 1, while 'Crawdads' opens strong
NEW YORK (AP) — The Marvel sequel “Thor: Love & Thunder” dropped a hefty 68% in its second weekend of release but still held the top spot at the box office, according to studio estimates Sunday, while the bestseller adaptation “Where the Crawdads
Jul 18, 2022 3:20 AM
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'Raging Fire' wins best film at Hong Kong Film Awards
HONG KONG (AP) — Action-packed police thriller “Raging Fire” won best film and three other awards at the Hong Kong Film Awards Sunday, beating out a crowd favorite film about late Cantopop singer Anita Mui.
Jul 17, 2022 11:30 AM
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Lawsuit says Bass Pro won't honor lifetime warranty on socks
A Missouri man says in a class-action lawsuit against Bass Pro that the outdoor outfitter is refusing to honor its lifetime warranty on socks
Jul 17, 2022 10:07 AM
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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: Stock markets Stock markets have been on a wild ride in recent weeks with Canada's main stock index falling to its lowest level in more than a year.
Jul 17, 2022 7:00 AM
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