National Business

TORONTO — Canada's main stock index eked out a gain Thursday as base metals helped offset weakness in energy, while U.S. markets rose. The S&P/TSX composite index closed up 4.30 points at 20,278.51. Big technology stocks helped lift U.S.

Laurentian Bank of Canada said Thursday it was cutting staff and revamping its strategic plan as it works to move past a major system outage in September and the subsequent ousting of its chief executive.

Canada's oil and gas industry is warning that Ottawa's emissions cap framework could result in significant production curtailments by companies and higher energy prices for consumers.

NEW YORK (AP) — Wall Street closed higher following its first three-day losing streak since Halloween. The S&P 500 rose 0.8% Thursday and continued to hang near its highest level since March 2022. The Dow Jones Industrial Average rose 0.

OTTAWA — The recent surge in newcomers is adding to inflation through housing demand, a senior Bank of Canada official said Thursday, warning rental and home prices could continue to rise without a boost to housing supply.

TORONTO — Canada's financial intelligence agency says it has levied a $1.3-million penalty against CIBC for non-compliance with money laundering and terrorist financing measures. The penalty, imposed on Oct.

Federal Agriculture Minister Lawrence MacAulay wouldn't rule out the possibility of provincial or federal government intervention if the grocery code of conduct doesn't have every major retailer on board.

TORONTO — A new survey suggests a little more than half of potential first-time homebuyers are interested in using a first home savings account, even though they don't know much about it.

OTTAWA — Environment Minister Steven Guilbeault says the oil and gas industry will have to cut emissions by at least one-third by 2030.

OTTAWA — A holiday spending plan is always a good idea, but as inflation pushes the cost of everything up and higher interest rates squeeze households, a budget is more important than ever.