National Business

CALGARY — Low natural gas prices significantly reduced North American drilling activity toward the end of 2023, but Canada's largest drilling rig contracting company remains confident the industry will ramp up later this year.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,957.74, up 85.85 points): Manulife Financial Corp. (TSX:MFC). Finance. Up 43 cents, or 1.45 per cent, to $30.01 on 7.

TORONTO — Strength in base metal stocks helped lead modest but broad-based gains on Canada's main stock index, while U.S. markets ticked higher. The S&P/TSX composite index closed up 85.85 points at 20,957.74.

OTTAWA — Bank of Canada governor Tiff Macklem is laying out the limits of monetary policy as he warns the central bank can’t solve problems such as housing affordability with interest rates.

TORONTO — A surge in home sales across Canada's largest markets to kick off 2024 is unlikely to prompt the Bank of Canada to delay its probable interest rate cuts later this year.

Accusations of profiteering in the Canadian grocery industry are unfounded and unsubstantiated, witnesses told a House of Commons committee studying food prices on Tuesday.

WASHINGTON — The new chief of the Federal Aviation Administration said Tuesday that his agency is midway through a review of manufacturing at Boeing, but he already knows that changes must be made in how the government oversees the aircraft manufactu

NEW YORK (AP) — Adam Neumann, the ousted co-founder of WeWork, is exploring a deal to buy back the office sharing company after expressing dismay over its bankruptcy process .

MONTREAL — The consortium behind an airport overhaul in the Montreal area has shored up funding for the effort thanks to a $90-million loan from the Canada Infrastructure Bank.

OTTAWA — Finance Minister Chrystia Freeland says the federal government is putting nearly $200 million in new money toward supporting low-income renters and shelters.