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S&P/TSX composite index moves lower Friday, U.S. markets also down amid global outage

S&P/TSX composite index moves lower Friday, U.S. markets also down amid global outage

TORONTO — Canada's main stock index moved lower on Friday, as companies and organizations around the world grappled with outages stemming from a faulty CrowdStrike software update, while U.S. stock markets also fell.
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Stock market today: Wall Street finishes worst week since April with more losses

Stock market today: Wall Street finishes worst week since April with more losses

NEW YORK (AP) — U.S. stocks slumped Friday in another washout, as businesses around the world scrambled to contain the effects of a disruptive technology outage . The S&P 500 fell 0.
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Proposed class-action lawsuit filed over Calgary water main break

Proposed class-action lawsuit filed over Calgary water main break

CALGARY — A proposed class-action lawsuit has been filed against the City of Calgary, claiming businesses needlessly lost significant revenue due to a water main break.
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A massive tech outage is causing worldwide disruptions. Here's what we know

A massive tech outage is causing worldwide disruptions. Here's what we know

NEW YORK (AP) — Much of the world faced online disarray Friday as a widespread technology outage affected companies and services across industries — grounding flights, knocking banks and hospital systems offline and media outlets off air.
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Global CrowdStrike disruption brings to mind lessons from 2022 Rogers outage

Global CrowdStrike disruption brings to mind lessons from 2022 Rogers outage

TORONTO — Canadians who woke up Friday to a worldwide technology outage that disrupted airlines, hospitals and banks may be thinking back to a widespread telecom outage from two years ago. The July 2022 outage of Rogers Communications Inc.
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Grocery code could spur investment, stabilize prices: Kraft Heinz Canada president

Grocery code could spur investment, stabilize prices: Kraft Heinz Canada president

TORONTO — A grocery code of conduct could stabilize food prices in the future and encourage more investment in the Canadian food industry, according to the president of Kraft Heinz Canada.
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Five things to know about Quebec's unique, two-week-long construction holiday

Five things to know about Quebec's unique, two-week-long construction holiday

MONTREAL — It's one of Quebec's many idiosyncrasies that in the dog days of summer, when everyone wishes they were on holiday, virtually the entire construction industry and a good chunk of the rest of the province close up shop for two weeks.
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Toronto flood insurance claims could be 'significant but manageable': ratings agency

Toronto flood insurance claims could be 'significant but manageable': ratings agency

TORONTO — Morningstar DBRS says insurance claims caused by the Toronto flood earlier this week could be "significant but manageable" for insurers.
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Risk-averse organizations chose CrowdStrike for cybersecurity. Now its software is causing chaos

Risk-averse organizations chose CrowdStrike for cybersecurity. Now its software is causing chaos

Airlines, banks, hospitals and other risk-averse organizations around the world chose cybersecurity company CrowdStrike to protect their computer systems from hackers and data breaches.
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Russia convicts US journalist of spying in a trial widely seen as politically motivated

Russia convicts US journalist of spying in a trial widely seen as politically motivated

YEKATERINBURG, Russia (AP) — Wall Street Journal reporter Evan Gershkovich was convicted Friday of espionage and sentenced to 16 years in a maximum-security prison on charges that his employer and the U.S. government have rejected as fabricated.
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