National Business

TORONTO — Canada's main stock index rose almost 150 points Friday on broad-based gains, ending the week up 2.8 per cent The S&P/TSX composite index was up 148.90 points at 20,360.10 U.S. markets also rose.

NEW YORK (AP) — Stocks closed higher on Wall Street as earnings reporting season got underway and CEOs began to show how well or poorly they’re navigating high inflation and a slowing economy. The S&P 500 rose 0.

CALGARY — Canadian Pacific Railway Ltd. and Unifor have reached a tentative collective agreement for 1,200 workers who are responsible for maintaining rail cars and locomotives.

DETROIT (AP) — With its sales slowing and its stock price tumbling, Tesla Inc.

VILNIUS, Lithuania (AP) — An explosion occurred Friday in a gas pipeline in central Lithuania, officials said.

TORONTO — Canadian households and the overall economy have proven surprisingly resilient in the face of rising interest rates, said senior economists from the big banks, which could complicate the fight against inflation.

WASHINGTON (AP) — Treasury Secretary Janet Yellen notified Congress on Friday that the U.S. is projected to reach its debt limit on Thursday and will then resort to “extraordinary measures” to avoid default.

TORONTO — CIBC says Laura Dottori-Attanasio, senior executive vice-president and group head for Canadian personal and business banking, is retiring. Dottori-Attanasio's last day at the bank is Feb.

TORONTO — The median price of a home in Canada in the fourth quarter of 2022 posted the first year-over-year decline since the end of 2008 during the financial crisis, Royal LePage says.

TORONTO — Experts say the upcoming earnings season will be overshadowed by the broader economic climate, with interest rates and inflation data more closely watched thanindividual company reports.