National Business

MONTREAL — Cogeco Inc. reported a profit attributable to shareholders of $29.8 million, down 13.7 per cent from $34.5 million a year earlier, as it begins a three-year transformation program in its 2025 fiscal year.

EDMONTON — Alberta Premier Danielle Smith, fresh off a weekend visit with U.S. president-elect Donald Trump, cautioned Ottawa against blocking energy exports to the U.S.

Play Airlines is pulling out of Canada less than two years after entering the market. The discount carrier's schedule shows that starting in late April it will stop its four flights per week from Hamilton, Ont.

OTTAWA — The federal government has paused an incentive program that offered Canadians rebates of up to $5,000 when buying or leasing electric vehicles.

TORONTO — New data says Black Friday was the busiest shopping day of the 2024 holiday season in Canada, regaining the top spot after recent years were dominated by pre-Christmas shopping.

TORONTO — Canada's main stock index fell almost one per cent Monday, weighed down by losses in energy, technology and utilities, while U.S. markets were mixed. The S&P/TSX composite index closed down 231.41 points at 24,536.32.

NEW YORK (AP) — U.S. stock indexes were split on Monday as gains for oil-and-gas producers helped offset drops for Nvidia and other Big Tech companies. The S&P 500 rose 0.2% after erasing an earlier fall of 0.9%.

While both sides would be hit by a similar amount of economic pain in a trade war, Canada would feel it much more because its overall economy is much smaller, creating what one economist called an "existential threat."

TORONTO — A new report says the cost of insured damage caused by severe weather last year hit a record high as it totalled more than $8 billion.

WASHINGTON (AP) — The Supreme Court said Monday it won’t hear an appeal from oil and gas companies trying to block lawsuits seeking to hold the industry liable for billions of dollars in damage linked to climate change .