National Business

TORONTO — The rebound in Canada's main stock index was short-lived as it pushed lower Friday to end a third-consecutive losing week amid concerns about impending action by the U.S. Federal Reserve. The S&P/TSX composite index closed down 128.

BOSTON (AP) — Massachusetts congresswoman Ayanna Pressley is upset that her beloved Mariah Carey Christmas album has gone missing, but she needn't worry — she was promised a replacement copy courtesy of the five-time Grammy winner herself.

BEIJING (AP) — A Chinese developer that is struggling under $310 billion in debt warned Friday it may run out of money to “perform its financial obligations” — sending regulators scrambling to reassure investors that China’s financial markets can be

WASHINGTON (AP) — America's unemployment rate tumbled last month to its lowest point since the pandemic struck, even as employers appeared to slow their hiring — a mixed picture that pointed to a resilient economy that's putting more people to work.

MONTREAL — Canadian National Railway Co. says it aims to reopen its network in southern British Columbia this weekend after another bout of rain and wind prompted a second shutdown.

TORONTO — The Greater Toronto Area's heated real estate market further intensified last month as home sales topped a November record and average selling prices reached a new all-time high.

TORONTO — BMO Financial Group wrapped the week of Big Six financial results by announcing the biggest dividend raise and share buyback plan of all the banks as it reported earnings that were boosted in part by efficiency gains.

FREDERICTON — Officials from Canada and the United States were scheduled to meet Friday to discuss the suspension of exports of Prince Edward Island potatoes south of the border — a trade order that is impacting potato prices in both countries.

WASHINGTON (AP) — Growth in the services sector, where most Americans work, hit an all-time high in November, overtaking a record that was set the previous month.

CALGARY — AltaGas Ltd. says it is raising its dividend six per cent for next year and moving to a quarterly payment schedule from monthly payments to shareholders. The company says it will pay a quarterly dividend of 26.