National Business

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. According to Catastrophe Indices and Quantification Inc., the cost of insured damage totalled $8.

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 .

The City of Toronto is proposing to increase property taxes by 6.9 per cent this year to help fund its $18.8 billion operating budget for 2025. The proposed hike includes a tax increase of 5.

DAKAR, Senegal (AP) — Mali's military government has started seizing gold stocks of the Canadian mining company Barrick as part of a legal battle over the share of revenue owed to the West African state, according to an internal Barrick letter seen b

TORONTO — The U.S. Securities and Exchange Commission says BMO has agreed to pay more than US$40 million to settle charges related to the bank's alleged supervision failure in bond selling.

VANCOUVER — A new report says the U.S. benefits at least as much from trade with Canada as Canada benefits. The report by economist Jim Stanford at the Centre for Future Work says claims by incoming U.S.

TORONTO — Canada's main stock index was down more than 150 points in late-morning trading, weighed down by losses in technology stocks, while U.S. stock markets were mixed. The S&P/TSX composite index was down 170.37 points at 24,597.36.

VANCOUVER — Lululemon Athletica Inc. has raised its forecast for revenue and earnings per share for its fourth quarter following a strong holiday season.

NEW YORK (AP) — Drops for Nvidia and other superstar stocks are dragging U.S. indexes lower and keeping Wall Street stuck in its weekslong rut. The S&P 500 fell 0.8% early Monday. The index is coming off its fourth losing week in the last five.

TORONTO — Cineplex says its box office revenue for December was up from a year earlier as movies released in November including Wicked and Moana 2 gained momentum. The movie theatre company says box office revenue in December totalled $64.