National Business

NEW YORK (AP) — Stocks rose to another record, with easier interest rates beckoning on the horizon. The S&P 500 climbed 1% Thursday, beating the all-time high it set last week. The Dow added 0.3%, and the Nasdaq composite rose 1.5%.

TORONTO — Court documents show the company that runs the Just for Laughs comedy festival owes nearly $22.5 million to creditors. Groupe Juste pour rire Inc.

TORONTO — As the federal government pushes to reduce bank fees, a report from consultancy North Economics figures Canadians are overpaying by billions of dollars a year.

WASHINGTON (AP) — A sweeping bank regulatory proposal will be significantly revised by year's end, Federal Reserve Chair Jerome Powell said Thursday, a potential victory for the large banks that have aggressively opposed the likely changes.

OTTAWA — Canada posted a merchandise trade surplus of $496 million in January as imports fell to their lowest level since February 2022.

TORONTO — CIBC is making changes to its executive team as it looks to strengthen its senior leadership.

EDMONTON — AutoCanada Inc. reported a loss in its fourth quarter compared with a profit a year earlier as its revenue rose nearly seven per cent. The automobile dealership group said it lost $22.

Allison Venditti knows how hard the "should I stay or should I go" question can be.

U.S. applications for jobless benefits were unchanged last week, settling at a healthy level as the labor market continues to show strength in the face of elevated interest rates.

FRANKFURT, Germany (AP) — The European Central Bank left its key interest rate at a record high as it waits for more confirmation that toxic inflation is under control for good — even as high borrowing costs drag on the stalled economy .