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Hawaii recoups from big storm amid lingering flood threats

Hawaii recoups from big storm amid lingering flood threats

HONOLULU (AP) — A slow-moving storm that knocked out power, swamped dozens of homes and sent creeks and streams surging had mostly passed over Hawaii on Tuesday, though the threat of flooding lingered in some already-drenched areas.
CIBC to pay $125 million to settle class-action lawsuit on subprime mortgage risks

CIBC to pay $125 million to settle class-action lawsuit on subprime mortgage risks

TORONTO — CIBC has agreed to pay $125 million to settle a class-action lawsuit that had accused the bank of misrepresenting its exposure to U.S. residential mortgage-backed securities ahead of the financial crisis.
Travel, tourism sectors see glimmers of hope amid Omicron uncertainty

Travel, tourism sectors see glimmers of hope amid Omicron uncertainty

MONTREAL — Katie Summers cancelled her wedding anniversary trip three times over the past 18 months. Now, the Omicron variant of COVID-19 means her January vacation to Hawaii with her husband may be added to the scrap heap.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,162.65, up 301.55 points.) Suncor Energy Inc. (TSX:SU). Energy. Up 60 cents, or 1.9 per cent, to $31.70 on 15.6 million shares.
S&P/TSX composite has best back-to-back days since February on easing COVID fears

S&P/TSX composite has best back-to-back days since February on easing COVID fears

TORONTO — Canada's main stock index has its strongest two-day performance in more than 10 months on easing fears about the latest COVID-19 variant that helped push the price of oil above US$70 a barrel. The S&P/TSX composite index closed up 301.
Global energy transition could be a $61B opportunity for Alberta, new study finds

Global energy transition could be a $61B opportunity for Alberta, new study finds

CALGARY — The global energy transition could create 170,000 jobs in Alberta and contribute $61 billion to the province's GDP by 2050, according to a new study released Tuesday by provincial economic development groups.
Environmental assessment process underway for shuttered Nova Scotia pulp mill

Environmental assessment process underway for shuttered Nova Scotia pulp mill

HALIFAX — The environmental assessment process is officially underway for Northern Pulp's estimated $350-million plan to reopen its idled kraft pulp mill in Nova Scotia's Pictou County.
Montreal real estate prices soar 21% amid lower listings in Nov.: brokers group

Montreal real estate prices soar 21% amid lower listings in Nov.: brokers group

MONTREAL — The Quebec Professional Association of Real Estate Brokers says November home sales and new listings fell in Montreal as prices soared by more than 20 per cent compared with a year ago.
Enbridge raising quarterly dividend, approves $1.1 billion in new capital projects

Enbridge raising quarterly dividend, approves $1.1 billion in new capital projects

CALGARY — Enbridge Inc. has raised its quarterly dividend as it announced the approval of $1.1 billion in new capital projects.
Statistics Canada says the merchandise trade surplus in October grew to $2.1B

Statistics Canada says the merchandise trade surplus in October grew to $2.1B

OTTAWA — Canada's merchandise trade surplus increased to $2.1 billion in October as exports of motor vehicles and parts and energy products rose higher, Statistics Canada said Tuesday. The result compared with a revised trade surplus of $1.