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National Business
National Business
S&P/TSX composite gains 130 points, U.S. markets rally for second day in a row
TORONTO — Canada's main stock index posted a modest gain Monday while U.S. stock markets saw bigger growth, continuing Friday's rally amid strength in the technology sector. The S&P/TSX composite index was up 128.37 points at 20,631.58.
Jan 23, 2023 1:32 PM
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Nova Scotia spaceport on track for first small-scale test launch, says CEO
HALIFAX — The man behind Canada’s first commercial spaceport says the facility in northeastern Nova Scotia could see its first suborbital test launch sometime early this summer.
Jan 23, 2023 12:19 PM
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Poland pushes for more tanks for Kyiv, will seek German OK
WARSAW, Poland (AP) — Poland said Monday it would ask Berlin for permission to send German-built Leopard tanks to Ukraine as its Western allies move to supply Kyiv with more powerful military hardware to thwart Russia’s invasion .
Jan 23, 2023 12:01 PM
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Smaller cities can benefit from immigration uptick and pandemic shift: Research
Canada's smaller cities have an opportunity to make a bigger economic impact in the coming years thanks to pandemic-driven trends and the federal government's immigration plan, according to new research from the Conference Board of Canada.
Jan 23, 2023 11:33 AM
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Discount grocers to outperform conventional stores as food prices surge: Report
Discount grocery stores are expected to outshine their conventional counterparts in 2023 as shoppers seek out cheaper food to cope with staggering price increases, a new report released Monday said.
Jan 23, 2023 11:28 AM
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Spotify latest tech name to cut jobs, axes 6% of workforce
LONDON (AP) — Music streaming service Spotify said Monday it's cutting 6% of its global workforce, or about 600 jobs, becoming yet another tech company forced to rethink its pandemic-era expansion as the economic outlook weakens.
Jan 23, 2023 11:21 AM
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Subcontracting ArriveCan development 'seems highly illogical and inefficient:' PM
OTTAWA — Prime Minister Justin Trudeau has asked Canada's top public servant to look into the government's procurement process over what he said seemed to be a "highly illogical and inefficient" contract to develop the ArriveCan app.
Jan 23, 2023 11:00 AM
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Russia, Estonia expel ambassadors amid 'destroyed' relations
MOSCOW (AP) — Russia and Estonia on Monday were expelling the ambassadors from each other's countries in a tit-for-tat move, saying that their diplomatic missions will be headed by charges d'affaires as relations between the countries sank to a new l
Jan 23, 2023 7:42 AM
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Exco Technologies hit by cybersecurity incident at three factories
TORONTO — Exco Technologies Ltd. says three of its factories have been hit by what it is calling a cybersecurity incident.
Jan 23, 2023 7:18 AM
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UFCW Canada provided services to almost 800 Uber workers last year: Uber
TORONTO — Uber Canada says the United Food and Commercial Workers Canada (UFCW Canada) union provided services to almost 800 Uber drivers and couriers dealing with disputes with the company last year.
Jan 23, 2023 6:50 AM
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