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National Business
Stock market today: Wall Street slips away from records after mixed data on the economy
NEW YORK (AP) — Stocks slipped away from their records following a mixed batch of economic reports. The S&P 500 fell 0.3% Thursday after giving up an earlier, modest gain. The Dow Jones Industrial Average lost 0.
Mar 14, 2024 1:05 PM
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Renters have harder time accumulating wealth than homeowners: RBC economist
TORONTO — Renters face daunting barriers in their attempts to build wealth as they're forced to devote an increasing share of their income to keeping a roof over their head, said an RBC report Thursday.
Mar 14, 2024 12:32 PM
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Oil shippers demand explanation from Trans Mountain for pipeline cost overruns
CALGARY — A group of oil shippers is asking the Canada Energy Regulator to compel the company behind the Trans Mountain pipeline expansion to provide them with a full and detailed breakdown of the project's escalating construction costs.
Mar 14, 2024 12:22 PM
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Documents show more companies, performers owed money by Just for Laughs
MONTREAL — Documents made public by an insolvency trustee show Montreal comedy festival Just for Laughs and affiliated companies owe millions of dollars in unpaid debts beyond what was included in a court filing last week. Groupe Juste pour rire inc.
Mar 14, 2024 11:50 AM
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Will Ottawa meet its fiscal target? Economists split as deficit tracks higher
OTTAWA — Finance Minister Chrystia Freeland has pledged that the government will meet its fiscal targets in the upcoming federal budget, but economists say achieving that goal will be challenging as the deficit tracks higher.
Mar 14, 2024 11:35 AM
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Empire says gap between discount and full-service narrowing as sales, earnings rise
The parent company of Sobeys is looking ahead to sunnier economic times, betting the shift to discount grocery stores that’s been boosting sales industry-wide won’t be permanent.
Mar 14, 2024 11:31 AM
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Manufacturing sales up 0.2 per cent in January: Statistics Canada
OTTAWA — Canada's manufacturing industry saw a slight lift in January as sales edged upward, the country's data agency said Thursday. Statistics Canada's latest data shows manufacturing sales rose 0.2 per cent to $71.
Mar 14, 2024 8:43 AM
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Third test flight of SpaceX's mega rocket ends with loss of spacecraft
SpaceX’s mega rocket blasted off on another test flight Thursday and made it farther than two previous attempts, but the spacecraft was lost as it descended back to Earth.
Mar 14, 2024 8:01 AM
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Number of Americans filing for jobless benefits remains low in a thriving labor market
The number of Americans applying for jobless benefits last week inched up but largely stayed at historically low levels as the labor market continues to thrive despite elevated interest rates.
Mar 14, 2024 7:19 AM
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February retail sales up 0.6%, yet fissures emerge in what has been a driving force for US economy
NEW YORK (AP) — Americans picked up their spending a bit in February after pulling back the previous month.
Mar 14, 2024 7:01 AM
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