National Business News - CochraneEagle.ca

S&P/TSX composite falls more than 300 points, U.S. markets also down after jobs data

TORONTO — Canada's main stock index fell more than 300 points Friday despite strength in energy stocks as the price of oil climbed, while U.S. stock markets also fell as investors reacted to the latest labour market reports.

Jan 10, 2025 2:37 PM Read more >

Stock market today: Wall Street recoils after good news on the economy raises inflation worries

NEW YORK (AP) — U.S. stocks fell Friday on worries that good news on the job market may be too good and prove to be bad for Wall Street by keeping inflation and interest rates high. The S&P 500 tumbled 1.

Jan 10, 2025 2:20 PM Read more >

P.E.I. oyster farmers fear without government help, MSX parasite will kill industry

CHARLOTTETOWN — Prince Edward Island's oyster industry is calling for more research and government action as a parasite spreads in the province's waters, threatening the world-renowned export.

Jan 10, 2025 1:54 PM Read more >

Heavy equipment used to bash into a Newfoundland bank for second time in a month

ST. JOHN'S, N.L. — Police in eastern Newfoundland say that for the second time in less than a month thieves have used heavy equipment to smash into a bank and steal an ATM.

Jan 10, 2025 1:46 PM Read more >

'A lot of resiliency': Canada added 91,000 jobs in December as unemployment rate fell

OTTAWA — Canada's labour market capped the year with some good news, adding 91,000 jobs in December, shattering economist expectations, though there are still calls for further interest rate cuts amid the threat of U.S. tariffs.

Jan 10, 2025 12:30 PM Read more >

Biden levies new sanctions against Russian energy sector, but it's up to Trump whether to keep them

WASHINGTON (AP) — President Joe Biden's administration announced Friday that it's expanding sanctions against Russia's critically important energy sector, unveiling a new effort to inflict pain on Moscow for its grinding war in Ukraine as President-e

Jan 10, 2025 12:25 PM Read more >

Former WWE CEO Vince McMahon reaches deal with SEC over undisclosed settlement agreements

The Securities and Exchange Commission says that it has settled charges against former WWE CEO Vince McMahon over his failure to disclose to the sports entertainment company's board and others that he signed two settlement agreements worth $10.

Jan 10, 2025 10:10 AM Read more >

Corus touts Home and Flavour network launches as it reports Q1 profit down

TORONTO — The chief executives of Corus Entertainment Inc.

Jan 10, 2025 9:09 AM Read more >

Biden levies new sanctions against Russian energy sector, but it's up to Trump whether to keep them

WASHINGTON (AP) — President Joe Biden's administration announced Friday that it's expanding sanctions against Russia's critically important energy sector, unveiling a new effort to inflict pain on Moscow for its nearly 3-year-old war in Ukraine as Pr

Jan 10, 2025 8:33 AM Read more >

Salvage complete of tanker at center of oil spill scare after being hit by Houthi rebels in Red Sea

DUBAI, United Arab Emirates (AP) — An oil tanker that burned for weeks in the Red Sea after being attacked by Yemen's Houthi rebels and threatening a massive oil spill has been salvaged, a security firm said Friday.

Jan 10, 2025 8:08 AM Read more >