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Wall Street rises ahead of year's last barrage of rate hikes
NEW YORK — Stocks are closing higher on Wall Street at the start of a busy week where central banks are likely to unload the year’s final barrage of interest rate hikes. The S&P 500 rallied 1.4% Monday.
Dec 12, 2022 3:09 PM
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Supreme Court won't block California flavored tobacco ban
WASHINGTON (AP) — The Supreme Court on Monday refused a request from tobacco companies to stop California from enforcing a ban on flavored tobacco products that was overwhelmingly approved by voters in November. R.J.
Dec 12, 2022 2:23 PM
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Keystone pipeline leaks becoming more severe in recent years, U.S. data shows
CALGARY — Spills from TC Energy Corp.'s Keystone pipeline have been increasing in severity in recent years, to the point that the pipeline's safety record is now worse than the U.S. average, U.S. government data shows.
Dec 12, 2022 2:07 PM
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Constellation to buy U.S. broadcasting software firm WideOrbit, create spinoff
TORONTO — Constellation Software Inc. says it will buy U.S. tech company WideOrbit Inc., merge the firm with its subsidiary Lumine Group and then spin them off into a separate business.
Dec 12, 2022 1:21 PM
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Statistics Canada says household debt-to-income ratio climbed higher in third quarter
OTTAWA — Canadian households' debt-to-income ratio rose in the third quarter as rising interest rates affected the cost of borrowing. There was $1.
Dec 12, 2022 1:06 PM
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Microsoft taking 4% stake in London Stock Exchange
Microsoft is taking a roughly 4% stake in the operator of the London Stock Exchange, which has agreed to spend at least $2.8 billion in cloud-computing services from the technology giant.
Dec 12, 2022 12:38 PM
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Amgen to buy Horizon Therapeutics in $26.4B deal
Amgen is spending more than $26 billion to dive deeper into rare disease treatments with a deal for drugmaker Horizon Therapeutics. The biotech drug developer said Monday that it will pay $116.
Dec 12, 2022 10:49 AM
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Activist investor seeking to replace four trustees on First Capital REIT board
VANCOUVER — Activist investor Sandpiper Group is seeking to replace four of the nine trustees at First Capital Real Estate Investment Trust, including chair Bernard McDonell.
Dec 12, 2022 9:58 AM
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Europe shifts focus to avoiding energy shortage next year
The heads of the International Energy Agency and European Union's executive branch said Monday that the 27-nation bloc is expected to weather an energy crisis this winter but needs to speed renewables to the market and take other steps to avoid a pot
Dec 12, 2022 9:22 AM
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Pembina signs deal to sell stake in Key Access Pipeline System
CALGARY — Pembina Pipeline Corp. has signed a deal to sell Pembina Gas Infrastructure's 50 per cent interest in the Key Access Pipeline System to private equity firm Stonepeak Partners LP for $662.5 million.
Dec 12, 2022 7:41 AM
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