TORONTO – Canada’s main stock index capped a good week by moving slightly higher Friday amid escalating tensions between the U.S. and China. The S&P/TSX composite index closed up 28.79 points at 14,913.64 and was nearly two per cent higher for the week. The gains south of the border were even stronger for the week, rising at least 3.2 per cent, despite a quiet day on U.S. markets ahead of the Memorial Day long weekend. In New York, the Dow Jones industrial average was down 8.96 points at...

TORONTO – Canada’s main stock index recovered from early losses prompted by U.S. sabre-rattling against China and an ominous warning about COVID-19. The S&P/TSX composite index closed up 6.45 points at 14,509.66 after losing 2.2 per cent in morning trading. In New York, the Dow Jones industrial average was up 377.37 points at 23,625.34. The S&P 500 index was up 32.50 points at 2,852.50, while the Nasdaq composite was up 80.56 points at 8,943.72. The markets initially sank on U.S. President...

TORONTO – Picturesque Peggy’s Cove, N.S., is normally a great place to run a business but restaurant owner John Campbell hopes he can survive the cancellation of cruise ships this season because of COVID-19. “I’m doing everything I can to survive but there’s a lot of companies that are going to be in big trouble for sure,” he said in an interview. The Sou’Wester Gift & Restaurant Co. has been attracting customers for more than 50 years. Campbell said it’s not unusual to have scores of buses...

TORONTO – Canada’s main stock index posted a triple-digit advance as it made up ground to strong rallies in the U.S. over the Victoria Day holiday. The S&P/TSX composite index closed up 246.58 points or 1.7 per cent at 14,885.48. “Both the Dow and the S&P 500 had very strong days, the best day they’ve had in six weeks or so. But the TSX missed that obviously and is playing some catch-up today,” said Anish Chopra, managing director with Portfolio Management Corp. In New York, the Dow Jones...

TORONTO - Canada’s main stock index started the trading week higher even though the price of oil futures plunged for a second consecutive Monday. After moving to a historic negative price last week, the crude oil contract dropped nearly 25 per cent on renewed storage concerns amid a supply glut and demand weakened by the COVID-19 pandemic. “I think oil prices are likely to remain under a fair bit of pressure until one of those two sides of the ledger changes dramatically, either until supply...