National Business

WASHINGTON (AP) — President Joe Biden phoned all four Congressional leaders on Monday afternoon and invited them to a May 9 meeting at the White House — a sign of the rising pressure to raise the debt cap as the Treasury Department is warning of a de

CALGARY — MEG Energy Corp. says it earned $81 million in the first quarter of 2023, a 77 per cent decrease from the $362 million it earned in the same quarter the previous year.

OTTAWA — The Competition Bureau has put out a call for information to help it review Royal Bank of Canada's proposed takeover of HSBC Bank Canada.

CALGARY — The approvals process for major projects in Canada continues to be slow and cumbersome under revamped environmental assessment legislation, according to a new report.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (20,615.10, down 21.44 points): Manulife Financial Corporation. (TSX:MFC). Finance. Up eight cents, or 0.3 per cent, to $26.83 on 11.

TORONTO — Weakness in energy stocks drove Canada's main stock index to dip on Monday, while U.S. stock markets also fell to start the trading week. Stephen Duench, vice-president and portfolio manager for AGF Investments Inc.

WASHINGTON (AP) — Treasury Secretary Janet Yellen notified Congress on Monday that the U.S. is projected to reach its debt limit as early as June 1, if the body does not raise or suspend the debt limit before then.

NEW YORK (AP) — Regulators seized troubled First Republic Bank early Monday, making it the second-largest bank failure in U.S.

NEW YORK (AP) — U.S. businesses might be able to secure bank deposit insurance for accounts holding more than $250,000 if Congress agrees with the Federal Deposit Insurance Corp.

NEW YORK (AP) — Stocks drifted to a mixed close on Wall Street as investors braced for what they hope will be the last hike to interest rates for a long time. The S&P 500 closed virtually unchanged Monday as the latest historic U.S.