National Business

NEW YORK (AP) — Several strong profit reports helped Wall Street claw back most of its sharp loss from the prior day. The S&P 500 rose 1% Thursday and is back within 1% of its all-time high a day after its worst drop in nearly three months.

OTTAWA — The federal government is reappointing Matthew Boswell as the commissioner of competition for a two-year term. Boswell, who was first appointed as commissioner in 2019, was slated to finish his term at the end of February.

LONDON (AP) — Angola announced Thursday that it's leaving the OPEC oil producers cartel, coming after it battled with the group over lower production quotas this year.

WASHINGTON — It's a truism in foreign-policy circles that the world learned some hard lessons from Donald Trump's volatile first term as president.

Canadian shoppers opened up their wallets a touch more in October, helping retail sales rise 0.7 per cent to $66.9 billion that month, but Statistics Canada and analysts are warning such numbers won't keep climbing.

CALGARY — Crescent Point Energy Corp. says it expects average production of 198,000 to 206,000 barrels of oil equivalent per day in 2024 now that it has closed its deal to buy Hammerhead Energy Inc.

TORONTO — Mastermind says it will stop honouring gift cards after Christmas Eve. The distressed toy retailer says in court filings that gift cards won't be accepted at its stores after Dec. 24.

TORONTO — Deciding whether to fix your aging car again or trade it in for a new one can be a tough calculation at the best of times, let alone when financing costs have significantly jumped and car prices have soared.

WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose slightly last week but still remained at historically low levels despite high interest rates intended to slow hiring and cool the economy .

AMSTERDAM (AP) — A Dutch man, who was convicted in British Columbia of charges including extortion and harassment related to a Canadian teenager who took her own life after he blackmailed her online, had his sentence cut Thursday by an Amsterdam cour