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S&P/TSX composite index posts small gain Monday, U.S. markets mixed

S&P/TSX composite index posts small gain Monday, U.S. markets mixed

TORONTO — Canada's main stock index posted a small gain Monday after starting the day lower, while U.S. markets were mixed.
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Stock market today: Wall Street freezes in place ahead of inflation report

Stock market today: Wall Street freezes in place ahead of inflation report

NEW YORK (AP) — Stock indexes drifted to a mixed close as Wall Street prepared for a report on inflation that could show how realistic its hopes for easier interest rates are. The S&P 500 slipped 0.
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Average asking rent prices reach $2,193 in February, up 10.5% from 2023

Average asking rent prices reach $2,193 in February, up 10.5% from 2023

A new report says the average asking price for a rental unit in Canada was $2,193 per month in February, marking a 10.5 per cent jump year-over-year and the fastest annual growth since September 2023. The data released Monday by Rentals.
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Pipeline shortages to return sooner rather than later as oil production booms

Pipeline shortages to return sooner rather than later as oil production booms

CALGARY — After being hamstrung for years by a lack of export capacity, Canada's oil industry will have reason to celebrate when the much-anticipated Trans Mountain pipeline expansion comes online, expected to be sometime this spring.
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Cogeco names Frédéric Perron its new president and CEO; Philippe Jetté to retire

Cogeco names Frédéric Perron its new president and CEO; Philippe Jetté to retire

MONTREAL — Cogeco Inc. has named Frédéric Perron its new president and CEO, succeeding Philippe Jetté, who is retiring. Perron is taking the helm of the Montreal-based company and its Cogeco Communications Inc.
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Insolvencies to stay higher in 2024 as economy normalizes from pandemic lows: experts

Insolvencies to stay higher in 2024 as economy normalizes from pandemic lows: experts

Business insolvencies will likely remain elevated throughout 2024, experts said, as the economy plays catch-up after historically low levels during the pandemic. “We did have ... so many years of artificially low filings.
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Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Household debt Statistics Canada will release Wednesday its national balance sheet and financial flow accounts figures for the fourth quarter of 2023.
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Big changes are coming to how Canadians bank, but adoption likely to be slow

Big changes are coming to how Canadians bank, but adoption likely to be slow

TORONTO — A long-promised revolution in banking is headedto Canada, but you might not notice when it arrives.
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Saudi oil giant Aramco announces $121 billion profit last year, down from 2022 record

Saudi oil giant Aramco announces $121 billion profit last year, down from 2022 record

DUBAI, United Arab Emirates (AP) — Saudi oil giant Aramco on Sunday reported it made $121 billion in profit last year, down from its 2022 record due to lower energy prices. Aramco made the announcement in a filing in Riyadh's Tadawul stock market.
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Biden signs a package of spending bills passed by Congress just hours before a shutdown deadline

Biden signs a package of spending bills passed by Congress just hours before a shutdown deadline

WASHINGTON (AP) — President Joe Biden on Saturday signed a $460 billion package of spending bills approved by the Senate in time to avoid a shutdown of many key federal agencies.
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