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Biden signs debt ceiling bill that pulls US back from brink of unprecedented default

Biden signs debt ceiling bill that pulls US back from brink of unprecedented default

WASHINGTON (AP) — With just two days to spare , President Joe Biden signed legislation on Saturday that lifts the nation’s debt ceiling , averting an unprecedented default on the federal government’s debt.
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Biden celebrates a 'crisis averted’ in Oval Office address on bipartisan debt ceiling deal

Biden celebrates a 'crisis averted’ in Oval Office address on bipartisan debt ceiling deal

WASHINGTON (AP) — President Joe Biden celebrated a “crisis averted" in his first speech to the nation from the Oval Office Friday evening, ready to sign a budget agreement that eliminates the potential for an unprecedented government default that he
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Employees often 'collateral damage' when activist investors come calling

Employees often 'collateral damage' when activist investors come calling

CALGARY — Experts say 1,500 recently announced job losses at Suncor Energy Inc. are an example of the type of "collateral damage" that can occur when an activist investor comes calling.
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Water main break prompts boil-water advisory in three Calgary communities

CALGARY — A boil-water advisory remains in effect for three communities in southwest Calgary after a water main break at a nearby construction site.
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Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (20,024.63, up 352.38): Suncor Energy Inc. (TSX:SU). Energy. Up 71 cents, or 1.84 per cent, to $39.25 on 22.5 million shares.
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US hiring jumped last month. So did unemployment. Here's what that says about the economy

US hiring jumped last month. So did unemployment. Here's what that says about the economy

WASHINGTON (AP) — The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of enduring strength in an economy that the Federal Reserve is desperately trying to cool .
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S&P/TSX composite jumps more than 350 points, U.S. stock markets also climb

S&P/TSX composite jumps more than 350 points, U.S. stock markets also climb

TORONTO — Canada's main stock index jumped more than 350 points Friday, driven by gains in energy, industrials, financials and metals. Meanwhile, U.S.
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One-quarter of Air Canada flights delayed Friday as schedule recovers from IT issue

One-quarter of Air Canada flights delayed Friday as schedule recovers from IT issue

More than one-quarter of Air Canada flights experienced delays on Friday as the airline worked to return service to normal following a technical malfunction the previous day.
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Stock market today: Wall Street leaps after strong jobs report, Dow rallies 701

Stock market today: Wall Street leaps after strong jobs report, Dow rallies 701

NEW YORK (AP) — Stocks rushed higher after a strong report on the U.S. job market eased Wall Street’s worries about a possible recession. The S&P 500 jumped 1.5% Friday, while the Dow soared 701 points.
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Rescuers at site of Iowa building collapse complete search for survivors, move on to recovery

Rescuers at site of Iowa building collapse complete search for survivors, move on to recovery

DES MOINES, Iowa (AP) — An Iowa task force has completed its search for survivors at the site of a partially collapsed Davenport apartment building without finding three missing people who are feared dead, authorities said Friday.
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