National Business

MONTREAL — Cogeco Inc. reported a profit attributable to shareholders of $29.8 million, down 13.7 per cent from $34.5 million a year earlier, as it begins a three-year transformation program in its 2025 fiscal year.

Play Airlines is pulling out of Canada less than two years after entering the market. The discount carrier's schedule shows that starting in late April it will stop its four flights per week from Hamilton, Ont.

TORONTO — New data says Black Friday was the busiest shopping day of the 2024 holiday season in Canada, regaining the top spot after recent years were dominated by pre-Christmas shopping.

TORONTO — Canada's main stock index fell almost one per cent Monday, weighed down by losses in energy, technology and utilities, while U.S. markets were mixed. The S&P/TSX composite index closed down 231.41 points at 24,536.32.

NEW YORK (AP) — U.S. stock indexes were split on Monday as gains for oil-and-gas producers helped offset drops for Nvidia and other Big Tech companies. The S&P 500 rose 0.2% after erasing an earlier fall of 0.9%.

The U.S. benefits just as much as Canada does from the current bilateral trade relationship, argues a new report by economist Jim Stanford. Among the reasons for the equal benefits include Canada being the largest market for U.S.

TORONTO — A new report says the cost of insured damage caused by severe weather last year hit a record high as it totalled more than $8 billion.

WASHINGTON (AP) — The Supreme Court said Monday it won’t hear an appeal from oil and gas companies trying to block lawsuits seeking to hold the industry liable for billions of dollars in damage linked to climate change .

The City of Toronto is proposing to increase property taxes by 6.9 per cent this year to help fund its $18.8 billion operating budget for 2025. The proposed hike includes a tax increase of 5.

DAKAR, Senegal (AP) — Mali's military government has started seizing gold stocks of the Canadian mining company Barrick as part of a legal battle over the share of revenue owed to the West African state, according to an internal Barrick letter seen b