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S&P/TSX composite ends another record week on rally led by cannabis, commodities

S&P/TSX composite ends another record week on rally led by cannabis, commodities

TORONTO — Canada's main stock index ended a record week by moving to within 100 points of a new milestone on a broad-based rally led by health care and commodities. The S&P/TSX composite index set another record close by gaining 77.
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Threat of N.L.'s Terra Nova oilfield shutdown a sign of things to come: economist

Threat of N.L.'s Terra Nova oilfield shutdown a sign of things to come: economist

ST. JOHN'S, N.L. — The future looks grim for Newfoundland and Labrador's third-largest offshore oilfield, and the head of its workers' union says the ripple effects will be devastating if it shuts down.
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Biden's $6T budget: Social spending, taxes on business

WASHINGTON (AP) — President Joe Biden on Friday unveiled a $6 trillion budget for next year that’s piled high with new safety net programs for the poor and middle class, but his generosity depends on taxing corporations and the wealthy to keep the na
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Hexo to buy Redecan for $925 million as hunt for more cannabis market share continues

Hexo to buy Redecan for $925 million as hunt for more cannabis market share continues

Hexo Corp. has announced a deal to buy cannabis producer Redecan for $925 million as the pot company continues its hunt for market share.
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Travel agencies report soaring bookings, but quarantine hotels hold people back

Travel agencies report soaring bookings, but quarantine hotels hold people back

As travel agencies report soaring international bookings, experts and travellers say Canada’s requirement around quarantine hotels for returning travellers is the No. 1 factor holding back people from taking trips.
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Canada Post says 950,000 customers potentially exposed to supplier data breach

Canada Post says 950,000 customers potentially exposed to supplier data breach

OTTAWA — Canada Post says more than 950,000 customers were potentially exposed in a data breach attack on one of its suppliers.
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National Bank optimistic but watching for new COVID-19 variants, economy overheating

National Bank optimistic but watching for new COVID-19 variants, economy overheating

The head of National Bank of Canada has a rosy outlook on his company's future as COVID-19 begins to subside, but chief executive Louis Vachon is still worried about variants that may emerge and the possibility of an overheating economy.
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US consumers boosted spending in April as inflation surged

US consumers boosted spending in April as inflation surged

WASHINGTON (AP) — Americans increased their spending by 0.5% in April, a slowdown after a massive gain in March that had been powered by the distribution of billions of dollars in individual stimulus checks. Even with the pullback from a 4.
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CanWel to change name to Doman Building Materials effective Monday

CALGARY — Vancouver-based CanWel Building Materials Group Ltd. says it will change its name to Doman Building Materials Group Ltd. effective Monday.
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Interfor to raise U.S. production to 77 per cent by buying four sawmills for US$375M

Interfor to raise U.S. production to 77 per cent by buying four sawmills for US$375M

CALGARY — Interfor Corp. is forging ahead with a strategy fuelled by record high prices to grow its lumber production in the United States as the U.S. moves to increase softwood lumber duties on Canadian imports to protect its domestic producers.
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