National Business

TORONTO — A broad rally led by the energy sector sent Canada's main stock index higher while U.S. markets ran out of gas after getting a morning boost.

NEW YORK — Stocks closed lower on Wall Street Monday after an early gain evaporated in the afternoon. The choppy trading came at the start of another busy week for profit reports from U.S. companies. The S&P 500 fell 0.8%. The Dow fell 0.

Suncor Energy Inc. said Monday that it has reached a deal with activist investor Elliott Investment Management LP that will see it undertake a strategic review of its Petro-Canada gas station chain with the goal of "unlocking shareholder value.

A BMO Capital Markets senior economist says the Bank of Canada's recent move to increase its key interest rate is setting up the housing market for an even deeper correction next year

CALGARY — Precision Drilling Corp. has signed a deal to buy the Canadian well servicing business of High Arctic Energy Services Inc. for $38.2 million in cash.

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in June slowed compared with May.

BAALBEK, Lebanon (AP) — Lebanon’s renowned Baalbek festival is back, held in front of a live audience for the first time since 2019, despite the country's economic meltdown and the coronavirus pandemic.

NEW YORK (AP) — The Marvel sequel “Thor: Love & Thunder” dropped a hefty 68% in its second weekend of release but still held the top spot at the box office, according to studio estimates Sunday, while the bestseller adaptation “Where the Crawdads

HONG KONG (AP) — Action-packed police thriller “Raging Fire” won best film and three other awards at the Hong Kong Film Awards Sunday, beating out a crowd favorite film about late Cantopop singer Anita Mui.

A Missouri man says in a class-action lawsuit against Bass Pro that the outdoor outfitter is refusing to honor its lifetime warranty on socks