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China sets this year's economic growth target at 'around 5%'

China sets this year's economic growth target at 'around 5%'

BEIJING (AP) — China’s government announced plans for a consumer-led revival of the struggling economy as its legislature opened a session Sunday that will tighten President Xi Jinping’s control over business and society.
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SNC-Lavalin launches strategic review, tries to put cash-draining contracts behind it

SNC-Lavalin launches strategic review, tries to put cash-draining contracts behind it

MONTREAL — SNC-Lavalin Group Inc. is eyeing an asset selloff as the company continues to pivot away from cash-draining fixed-price construction contracts and sharpen its game as a pure-play engineering firm.
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Climate taxonomy proposal asks feds to include oilsands-related spending

Climate taxonomy proposal asks feds to include oilsands-related spending

TORONTO — The federal government has released proposed guidelines, submitted to it by an independent group of finance experts, on what investments should be considered worthy in the fight against climate change.
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Fridayon the Toronto Stock Exchange: Toronto Stock Exchange (20,581.58, up 244.37): Suncor Energy Inc. (TSX:SU). Energy. Up 68 cents, or 1.44 per cent, to $47.97 on 21 million shares. Enbridge Inc.
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S&P/TSX composite gains nearly 250 points to end week on upswing

S&P/TSX composite gains nearly 250 points to end week on upswing

Canada's main stock index rose almost 250 points in a broad-based rally Friday, ending the week on an upswing as Wall Street stocks also posted strong gains. The S&P/TSX composite index was up 244.37 points at 20,581.58.
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Mall landlords likely to get 'creative' to fill Nordstrom vacancies: experts

Mall landlords likely to get 'creative' to fill Nordstrom vacancies: experts

TORONTO — Nordstrom's departure from Canada's retail landscape will leave significant holes in shopping malls, and some analysts say landlords will need to get creative to fill the space.
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NorthStar Gaming to list shares on TSXV next week, completes Baden Resources takeover

NorthStar Gaming to list shares on TSXV next week, completes Baden Resources takeover

TORONTO — NorthStar Gaming Holdings Inc. says it will list its common shares on the TSX Venture Exchange next week. The Toronto-based sports betting company says shares will trade under the BET symbol.
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Stocks jump as Wall Street cruises to best day since January

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.
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As window for final testing narrows, N.L.'s Muskrat Falls encounters new problems

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.
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Ford to raise production as US auto sales start to recover

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.
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