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National Business
National Business
Stocks jump as Wall Street cruises to best day since January
NEW YORK (AP) — Stocks rallied Friday to send Wall Street to its best day in six weeks. The S&P 500 rose 1.6% to cap its first winning week in the last four as relaxing yields in the bond market took some pressure off Wall Street.
Mar 3, 2023 1:28 PM
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As window for final testing narrows, N.L.'s Muskrat Falls encounters new problems
ST. JOHN'S, N.L. — Newfoundland and Labrador's long-suffering Muskrat Falls hydroelectricity project has encountered new problems ahead of a final round of testing that must take place during the colder months of the year.
Mar 3, 2023 11:40 AM
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Ford to raise production as US auto sales start to recover
DEARBORN, Mich. (AP) — Ford will increase production of six models this year, half of them electric, as the company and the auto industry start to rebound from sluggish U.S. sales in 2022.
Mar 3, 2023 11:05 AM
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Ontario Nurses' Association says bargaining with hospitals has broken down
TORONTO — Contract talks between nurses and the Ontario Hospital Association have broken down and will now head to arbitration, the nurses' union said Friday.
Mar 3, 2023 9:33 AM
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Suncor Energy selling North Sea offshore assets in deal valued at $1.2B
CALGARY — Suncor Energy Inc. has taken another step toward streamlining its business, signing a deal to sell its offshore assets in the North Sea to Equinor UK Ltd. in an agreement valued at about $1.2 billion.
Mar 3, 2023 9:17 AM
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Toronto-area home prices down 18% from last February, sales halved: board
TORONTO — Greater Toronto Area home prices fell almost 18 per cent from last February — the largest year-over-year drop on record — as the number of properties sold was halved, the region's real estate board said.
Mar 3, 2023 9:07 AM
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Amazon pauses construction on 2nd headquarters in Virginia
NEW YORK (AP) — Amazon is pausing construction of its second headquarters in Virginia following the biggest round of layoffs in the company’s history and shifting landscape of remote work .
Mar 3, 2023 8:44 AM
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What is LockBit, the malicious software used against Indigo, SickKids?
TORONTO — Indigo Books & Music Inc. revealed this week that a massive systems outage it's been dealing with for almost a month was triggered by ransomware.
Mar 3, 2023 8:43 AM
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Parkland cancels plans to build stand-alone renewable diesel complex at B.C. refinery
CALGARY — Parkland Corp. says it will not go ahead with its plan to build a stand-alone renewable diesel complex at its refinery in Burnaby, B.C.
Mar 3, 2023 8:21 AM
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Martinrea International reports $46.2M Q4 profit, sales up more than 20%
TORONTO — Martinrea International Inc. reported a profit of $46.2 million in its latest quarter compared with a loss of nearly $9.7 million a year ago as its revenue rose more than 20 per cent.
Mar 3, 2023 7:55 AM
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