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National Business
Pickering airport opponents hope the proposal will be abandoned after 50 years
After decades of protests against a long-standing proposal to build an airport in Pickering, Ont., opponents of the project are optimistic it will soon be abandoned for good.
May 6, 2023 9:00 AM
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5 hurt after fire at Houston-area Shell petrochemical plant
HOUSTON (AP) — Fire erupted at a petrochemical plant in the Houston area Friday, leaving five workers hospitalized and sending up a huge plume of smoke visible for miles. Emergency responders were called to help around 3 p.m.
May 5, 2023 8:32 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (303.84, up 20,542.03): Tourmaline Oil Corp. (TSX:TOU). Energy. Up 19 cents, or 0.33 per cent, to $58.48 on 13.7 million shares.
May 5, 2023 4:48 PM
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S&P/TSX composite gains more than 300 points, U.S. markets also rise
TORONTO — Canada's main stock index gained more than 300 points to end the week as strength in the energy, base metal and technology sectors helped lead a broad-based rally, while U.S. markets also climbed higher.
May 5, 2023 4:33 PM
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Stock market today: Apple-juiced rally closes bruising week
NEW YORK (AP) — Apple was at the head of a widespread rally on Wall Street after the stock market’s most influential company reported a better profit than expected.
May 5, 2023 4:11 PM
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Shopify layoff comes as some say it's taking longer for people to find jobs
TORONTO — Shopify Inc.'s layoff this week will add a slew of new workers to the job-hunting pool at a time when experts say candidates are taking longer to find their next gig.
May 5, 2023 2:56 PM
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BoC might have to rethink rate pause as unemployment remains very low: economists
OTTAWA — The labour market is showing no signs of the slowdown the Bank of Canada is hoping for to get inflation down to two per cent, something economists say could force the central bank to get off the sidelines and raise rates again.
May 5, 2023 1:19 PM
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New Enbridge tolling deal will protect Mainline pipeline from impacts of TMX opening
CALGARY — Enbridge Inc.'s successful negotiation of a tolling deal for its Mainline pipeline system will help protect the company against significant volume losses once the Trans Mountain pipeline expansion opens, analysts say.
May 5, 2023 12:04 PM
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WHO downgrades COVID pandemic, says it's no longer emergency
GENEVA (AP) — The World Health Organization said Friday that COVID-19 no longer qualifies as a global emergency, marking a symbolic end to the devastating coronavirus pandemic that triggered once-unthinkable lockdowns, upended economies and killed mi
May 5, 2023 11:02 AM
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US adds a solid 253,000 jobs despite Fed's rate hikes
WASHINGTON (AP) — America’s employers added a healthy 253,000 jobs in April, evidence of a labor market that still shows surprising resilience despite rising interest rates, chronically high inflation and a banking crisis that could weaken the econom
May 5, 2023 10:58 AM
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