News

The typical excitement and celebratory vibes of a cabinet shuffle were absent earlier Friday, as eight backbench Liberals were promoted to cabinet and four existing ministers got new or additional roles.

Canadians continue to struggle with financial stress because of rising costs

TORONTO — Canada's main stock index gained almost 200 points Friday as markets broadly rose to end a rocky trading week, with the main U.S. indexes each gaining more than one per cent. The S&P/TSX composite index closed up 185.

If such a vote were to pass, it would trigger an election. The House is scheduled to sit again until Jan. 27.

Almost a week into the GST holiday, retailers and restaurant owners appear on track for a sales boost despite some of the struggles they faced implementing the temporary break.

NEW YORK (AP) — U.S. stocks rose to turn what would have been one of the market’s worst weeks of the year into just a pretty bad one. The S&P 500 rallied 1.1% Friday to shave its loss for the week down to 2%.

TORONTO — Home affordability in Canada is improving, according to a new RBC Economics report, but strains remain. The report, released Friday, said home ownership costs in Canada have eased for three consecutive quarters.

VICTORIA — Former B.C. premier Glen Clark is returning to the public eye, two years after leaving his high-profile position as president of Jim Pattison Group.

Those audits, paid for by the companies being audited, have come under fire for their lack of independence.