National Business

LITTLE ROCK, Ark. (AP) — Exxon Mobil on Monday announced it's drilling for lithium in southern Arkansas, with the oil giant expected to begin production of the critical material for electric vehicles by 2027.

TORONTO — Sun Life Financial Inc. says net income for the third quarter was $871 million, up from $111 million a year earlier. The Toronto-based company says earnings per share were $1.48, up from 19 cents during the third quarter last year.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (19,709.15, up 54.68 points): Marathon Gold Corp. (TSX:MOZ). Mining. Up seven cents, or 10.94 per cent, to 71 cents on 14.

TORONTO — Canada's main stock index ticked higher on Monday, led by strength in tech and energy, while U.S. markets were mixed.

TORONTO — A storied Greater Toronto Area furniture brand founded by a former city mayor and popularized with television and radio ads proclaiming "nooobody" could beat its prices is aiming to restructure its business.

TORONTO — Famed Greater Toronto Area retailer Bad Boy Furniture Warehouse Ltd.

MONTREAL — Industry leaders are warning that a bill to ban replacement workers during a strike or lockout could lead to greater disruptions in sectors ranging from aviation to package delivery and internet services — a notion unions reject outright.

NEW YORK (AP) — Wall Street drifted through a mixed Monday to open a week that could bring more action to financial markets, with several big reports on the calendar. The S&P 500 slipped 3.69 points, or 0.1%, to 4,411.55.

The average asking price for a rental unit in Canada reached $2,178 last month, a 9.9 per cent year-over-year increase and continuing a trend that has seen asking rents hit new highs for six months in a row.

South Korean automaker Hyundai has joined Honda and Toyota in raising factory worker wages after the United Auto Workers union reached new contract agreements with Detroit automakers.