National Business

TORONTO — Canada's main stock index edged higher Monday as gains in the telecom sector helped offset losses in energy and industrials, while U.S. stock markets were mixed and the Nasdaq lost 1.2 per cent.

SAINT JOHN, N.B. — Irving Paper Ltd. announced Monday it is shutting down half of its operations, blaming what it called "uncompetitive" industrial electricity rates in New Brunswick.

TORONTO — Toronto FC has sent teenage defender Adam Pearlman on a season-long loan to Halifax Wanderers FC of the Canadian Premier League. The 19-year-old Canadian youth international from Maple, Ont.

NEW YORK (AP) — U.S. stocks drifted lower following their sharp losses from last week. The S&P 500 fell 0.5% Monday after flipping between small gains and losses through the day. The Dow Jones Industrial Average added 0.

Online marketplace Temu is moving deeper into Shopify Inc.'s home turf with a program that allows Canadian businesses to sell goods through the e-commerce platform to customers in the country.

A running list of election promises announced by the Ontario Progressive Conservatives, NDP, Liberals and Greens in the province's snap election campaign. The vote is set for Feb. 27. Progressive Conservatives Feb.

Starbucks plans to lay off 1,100 corporate employees globally as new Chairman and CEO Brian Niccol streamlines operations.

TORONTO — Pension fund manager OMERS says it earned a return of 8.3 per cent in 2024, net of expenses. The fund says the result topped its 7.5 per cent benchmark for the year. Its net assets totalled $138.2 billion at Dec. 31, 2024, up from $128.

As companies report their earnings for the latest quarter, they’ve fielded question after question from analysts about how they’re preparing for potential tariffs from the U.S.

VANCOUVER — Equinox Gold Corp. has signed an all-stock deal to acquire Calibre Mining Corp. and its Valentine gold mine in Newfoundland and Labrador in a proposal that values the company at about $2.6 billion.