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S&P/TSX composite rises, U.S. markets also make gains Monday

S&P/TSX composite rises, U.S. markets also make gains Monday

TORONTO — Canada's main stock index posted modest gains Monday, while U.S. markets also rose near the end of the day to kick off the week in the green. Stocks were down earlier in the afternoon in part because of comments from U.S.
Tobacco companies seek to extend order suspending legal proceedings against them

Tobacco companies seek to extend order suspending legal proceedings against them

TORONTO — Three tobacco giants are yet again seeking to extend an order suspending legal proceedings against them, as they negotiate a settlement with creditors in a long-running case involving an order to pay out billions to some 100,000 smokers and
Stock market today: Wall Street edges up to more all-time highs

Stock market today: Wall Street edges up to more all-time highs

NEW YORK (AP) — Wall Street closed its latest winning month and quarter with more records on Monday. The drift higher for U.S.
Raptors president Masai Ujiri says there are no issues with Edward Rogers

Raptors president Masai Ujiri says there are no issues with Edward Rogers

TORONTO — Toronto Raptors team president Masai Ujiri tried to lay to rest rumours that he has friction with Edward Rogers, the executive chair of Rogers Communications, Inc.
Port of Montreal dockworkers begin three-day strike at two terminals

Port of Montreal dockworkers begin three-day strike at two terminals

MONTREAL — Dockworkers kicked off a three-day strike at the Port of Montreal on Monday, shutting down two terminals that handle more than 40 per cent of the container traffic at Canada's second-largest port.
Fed Chair Powell says the US economy is in 'solid shape' with more rate cuts coming

Fed Chair Powell says the US economy is in 'solid shape' with more rate cuts coming

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell signaled Monday that more interest rate cuts are in the pipeline, though their size and speed will depend on the evolution of the economy.
Fed Chair Powell says the US economy is in 'solid shape' with more rate cuts coming

Fed Chair Powell says the US economy is in 'solid shape' with more rate cuts coming

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell signaled Monday that more interest rate cuts are in the pipeline, though their size and speed would depend on the evolution of the economy.
Carmaker Stellantis slashes forecasts as it faces industry slump and Chinese competition

Carmaker Stellantis slashes forecasts as it faces industry slump and Chinese competition

MILAN (AP) — Carmaker Stellantis, the world’s fourth largest carmaker , slashed its earnings forecast on Monday, citing investments to turn around its U.S. operations amid a wider industry slump and increased Chinese competition.
Indigenous-related capital markets activity set to grow significantly, report says

Indigenous-related capital markets activity set to grow significantly, report says

TORONTO — Canada is poised to see significant growth in Indigenous-related project financing, international credit rating agency Morningstar DBRS said Monday.
Controlling interest in owner of hockey brand Bauer to be sold to Fairfax affiliates

Controlling interest in owner of hockey brand Bauer to be sold to Fairfax affiliates

The owner of Bauer Hockey says affiliates of Fairfax Financial Holdings Ltd. will acquire controlling interest in its overall business. Peak Achievement Athletics Inc.