Skip to content

National Business

Stock market today: A widespread rally sends Wall Street to records, and the Dow leaps 740 points

Stock market today: A widespread rally sends Wall Street to records, and the Dow leaps 740 points

NEW YORK (AP) — U.S. stocks rose to records after several big companies delivered better-than-expected profits for the spring. The S&P 500 climbed 0.6% Tuesday to top its all-time high set last week. The Dow Jones Industrial Average leaped 1.
Kaspersky will shutter US operations after software is banned by Commerce Department, citing risk

Kaspersky will shutter US operations after software is banned by Commerce Department, citing risk

NEW YORK (AP) — Cybersecurity firm Kaspersky says it's shutting down all of its operations in the United States, just weeks after the Commerce Department banned the use of the company's software in the country.
Alberta, B.C. toast wine deal after tiff over taxing direct sales to consumers

Alberta, B.C. toast wine deal after tiff over taxing direct sales to consumers

EDMONTON — The premiers of Alberta and B.C. are celebrating an agreement to again allow direct sales to consumers after a tiff over taxes. With the temporary deal, Albertans can order wine directly from more than 350 wineries in B.C.
Investment regulator imposed $14M in enforcement penalties in latest fiscal year

Investment regulator imposed $14M in enforcement penalties in latest fiscal year

TORONTO — Canada's investment product regulator says it imposed more than $14 million in fines and other financial enforcements in its last fiscal year.
Prince Edward Island to restrict cellphone access in classrooms starting September

Prince Edward Island to restrict cellphone access in classrooms starting September

CHARLOTTETOWN — Prince Edward Island is following in the footsteps of several other provinces and restricting cellphone use in schools.
Amazon Prime Day is a major cause of injuries for warehouse workers, Senate review says

Amazon Prime Day is a major cause of injuries for warehouse workers, Senate review says

NEW YORK (AP) — Amazon’s popular Prime Day sales event has been “a major cause of injuries” for warehouse workers who pick and pack customer orders at the e-commerce giant's facilities across the United States, according to a report released Tuesday
Analysts slash targets on Corus Entertainment amid uncertainty over its future

Analysts slash targets on Corus Entertainment amid uncertainty over its future

TORONTO — Corus Entertainment Inc. has been dealt a blow by several research analysts, who have either cut their targets for the company or stopped covering it altogether.
CMHC says annual pace of housing starts in June down 9% from May

CMHC says annual pace of housing starts in June down 9% from May

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in June fell nine per cent compared with May.
Retail sales unchanged in June from May, underscoring shoppers' resilience

Retail sales unchanged in June from May, underscoring shoppers' resilience

NEW YORK (AP) — Shoppers paused their spending in June from May, defying economic forecasts for a pullback and proving their resilience in the face of an uncertain economy Retail sales were unchanged in June from May, after being revised upward to a
Airfares continue to rise from last year — and soar above pre-pandemic levels

Airfares continue to rise from last year — and soar above pre-pandemic levels

OTTAWA — Statistics Canada says airfares rose two per cent year-over-year in June, and continued to soar above pre-pandemic levels. Figures from the consumer price index show the increase follows a 4.