National Business

PORTICELLO, Sicily (AP) — British tech magnate Mike Lynch and five other people were missing after their luxury superyacht sank during a freak storm off Sicily early Monday, Italy’s civil protection and authorities said.

NEW YORK (AP) — Stocks closed higher, tacking on some more gains following Wall Street’s best week of the year. The S&P 500 rose 1% Monday, coming within 1.1% of the all-time high it reached last month. The Dow Jones Industrial Average rose 0.

MONTREAL — Montreal city officials knew the major water main that burst last week and flooded a neighbourhood was showing signs of damage, but they thought there was still time before it needed to be repaired, the head of the city's water service sai

General Motors says it is laying off some workers in Canada as part of a wider reduction in staff affecting more than 1,000 salaried employees worldwide.

Canada has an active history of rail strikes dating back to at least the early 20th century. Here are some of the most recent job actions at the country's two main freight railways, Canadian National Railway Co. and Canadian Pacific Kansas City Ltd.

A dominating convenience store chain could land in Canadian hands after the owner of Circle K offered to buy one of the sector's biggest players, laying the groundwork to potentially unite them in a mammoth global retail business.

TORONTO — Initial estimates put the total insured damage caused by flash flooding in Toronto and other parts of southern Ontario in July at more than $940 million.

Billionaire Carl Icahn and his company were charged by U.S. regulators with failing to disclose personal loans worth billions of dollars that were secured using securities of Icahn Enterprises as collateral.

OTTAWA — Statistics Canada says the median family after-tax income in 2022 fell compared with 2021, after adjusted for inflation, with young people being the hardest hit.

SINTRA, Portugal (AP) — The doorbell to Martinho de Almada Pimentel’s house is hard to find, and he likes it that way.