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National Business

US pending home sales climbed 5.2% in January

US pending home sales climbed 5.2% in January

WASHINGTON — There was a 5.2% jump in Americans signing contracts to buy homes in January from the previous month as lower mortgage rates and a solid economy are pushing up demand for housing.
Nearly two years after opening, Calgary's New Horizon Mall is 50 per cent leased

Nearly two years after opening, Calgary's New Horizon Mall is 50 per cent leased

CALGARY — The New Horizon Mall just north of Calgary says it will finally exceed 50 per cent retail tenant occupation nearly two years after opening thanks to the addition of a family entertainment centre called Sky Castle.
Gunman kills 5 at Milwaukee brewery before taking own life

Gunman kills 5 at Milwaukee brewery before taking own life

MILWAUKEE — An employee opened fire Wednesday at one of the nation's largest breweries in Milwaukee, killing five fellow workers before taking his own life, police said.
Judge stays order forcing Alberta to make decision on oilsands project

Judge stays order forcing Alberta to make decision on oilsands project

CALGARY — A judge has issued a stay of a court order that required the Alberta government to make an immediate decision on a proposed oilsands project near Fort McMurray. Prosper Petroleum Ltd.
Lowe's disappoints on 4Q sales, full-year outlook

Lowe's disappoints on 4Q sales, full-year outlook

NEW YORK — Lowe's Cos. on Wednesday reported weaker-than-expected sales for its fiscal fourth quarter and offered an annual forecast that came below Wall Street expectations.
Delta reduces flights to Korea as virus outbreak spreads

Delta reduces flights to Korea as virus outbreak spreads

Delta Air Lines is reducing flights to South Korea while Hawaiian Airlines will suspend them entirely, as airlines deal with growing concern about the spread of the new virus beyond China.
Rogers CEO: Canada's wireless prices have fallen, CRTC shouldn't intervene

Rogers CEO: Canada's wireless prices have fallen, CRTC shouldn't intervene

GATINEAU, Que. — Rogers chief executive Joe Natale and his team of executives made several attempts Wednesday to dispel a widely held view that this country's wireless services are overly high by world standards.

WSP Global again misses expectations as 2019 capped by weaker fourth quarter

MONTREAL — WSP Global Inc. missed expectations as it capped 2019 with a weaker fourth quarter than in the previous year. The Montreal-based engineering consultant says its net income attributable to shareholders was $40.
TSX gains in 2020 wiped away after fourth triple-digit decline in a row

TSX gains in 2020 wiped away after fourth triple-digit decline in a row

TORONTO — Canada's main stock index saw all of this year's gains wiped away Wednesday with a fourth day of triple-digit declines over concerns about the impact of the novel coronavirus outbreak. The S&P/TSX composite index closed down 135.
U.S. department store chain cuts ties with Peter Nygard after allegations

U.S. department store chain cuts ties with Peter Nygard after allegations

One of the largest clothing retailers in the United States is cutting ties with Peter Nygard following multiple allegations of sexual assault against the Canadian fashion mogul.