National Business

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that if the U.S.

TORONTO — Canada's main stock index gained almost 100 points Tuesday as strong performance in the energy sector was dragged down by losses in telecom and utilities, while U.S. markets also rose. The S&P/TSX composite index was up 96.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,725, up 96.08): Enbridge Inc. (TSX:ENB). Energy. Up 17 cents, or 0.31 per cent, to $54.63 on 12 million shares. Suncor Energy Inc.

TORONTO — While audiences rush back to theatres to catch "Avatar: The Way of Water" on pricey Imax screens, the head of Cineplex Inc.

OTTAWA — Bank of Canada governor Tiff Macklem says that although a slowing economy may not seem like a good thing, it is when the economy is overheated.

MONTREAL — The Quebec Professional Association of Real Estate Brokers says Montreal's January home sales fell to a level not seen since 2009 as the market slowdown continued.

NEW YORK (AP) — Stocks closed higher on Wall Street after the head of the Federal Reserve signaled last week’s stunningly strong jobs report isn’t likely to change where interest rates are heading on its own, as some investors had feared.

TORONTO — Toy maker Spin Master Corp. recorded a drop in revenue in its latest quarter after stores ordered inventory early to avoid supply shortages and high inflation took a toll on demand later in the year.

The Office of the Superintendent of Bankruptcy said Tuesday that the number of insolvencies filed by Canadian companies in 2022 was up 37.2 per cent compared with 2021 — and at least one business organization predicts that figure will keep growing.

CALGARY — The union representing WestJet pilots says contract negotiations with the airline have been unproductive and federal conciliation may be needed to avert a strike.