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Wall Street rallies to its best day since 2022 on encouraging unemployment data; S&P 500 jumps 2.3%

Wall Street rallies to its best day since 2022 on encouraging unemployment data; S&P 500 jumps 2.3%

NEW YORK (AP) — U.S. stocks rallied Thursday in Wall Street’s latest sharp swerve after a better-than-expected report on unemployment eased worries about the slowing economy . The S&P 500 jumped 2.
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Court approves Postmedia bid for insolvent Atlantic newspaper chain

Court approves Postmedia bid for insolvent Atlantic newspaper chain

HALIFAX — Postmedia Network Inc. has won court approval for its bid to buy Atlantic Canada's largest newspaper chain, but the company says the acquisition will lead to job cuts.
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Fares could rise after Calgary hailstorm forces airlines to cancel flights: experts

Fares could rise after Calgary hailstorm forces airlines to cancel flights: experts

Experts say airfares may go up in the immediate aftermath of a hailstorm that tore through Calgary on Monday evening, damaging planes at WestJet and Flair Airlines and upending travel plans for thousands of passengers.
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Linamar reports earnings rise to $174.1 million, CEO to become executive board chair

Linamar reports earnings rise to $174.1 million, CEO to become executive board chair

GUELPH, Ont. — Manufacturer Linamar Corp. says its earnings and revenue rose during the last quarter that longtime CEO Linda Hasenfratz will serve in the top role.
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S&P/TSX composite up almost 350 points, U.S. stock markets also rally

S&P/TSX composite up almost 350 points, U.S. stock markets also rally

TORONTO — Canada's main stock index rose almost 350 points Thursday, powered by a broad-based rally on the Toronto market, while U.S. stocks also surged higher.
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Halifax developing code of conduct for residents of designated homeless encampments

Halifax developing code of conduct for residents of designated homeless encampments

HALIFAX — Halifax Regional Municipality is developing a code of conduct for people sleeping rough at city-designated homeless encampments, many of which are growing far beyond their stated capacity.
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Maple Leaf Foods reports $26.2M Q2 loss as company prepares to spin off pork business

Maple Leaf Foods reports $26.2M Q2 loss as company prepares to spin off pork business

Maple Leaf Foods Inc. reported a loss of $26.2 million in its latest quarter compared with a loss of $53.7 million a year earlier as it prepares to spin off its pork business. The Mississauga, Ont.
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Canadian Tire's Q2 profit up even as consumers 'tightened their belts considerably'

Canadian Tire's Q2 profit up even as consumers 'tightened their belts considerably'

TORONTO — The head of Canadian Tire Corp. Ltd. says indebted shoppers are cutting back on spending even more — and he doesn't see that trend turning around quickly.
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Ottawa, facing financial crisis, pleads for 'fairness' from province and feds: mayor

Ottawa, facing financial crisis, pleads for 'fairness' from province and feds: mayor

Ottawa Mayor Mark Sutcliffe says the city is facing a "financial crisis" that raises the spectre of tax hikes and service cuts, alleging the city has been treated unfairly on issues of taxes and transit by the federal and provincial governments.
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B.C. judge refuses cash award to claimant who takes part in 'underground economy'

B.C. judge refuses cash award to claimant who takes part in 'underground economy'

SURREY, B.C. — A provincial court judge in Surrey, B.C., has thrown out a small claims case between a lumber company and a fence building firm over an "unlawful scheme" between the two to avoid paying GST and PST.
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