National Business

NEW YORK (AP) — The founder of Archegos Capital Management, a hedge fund that collapsed in 2021, was convicted Wednesday of securities fraud in a scheme that prosecutors said cost global investment banks billions of dollars.

ST. JOHN'S, N.L. — About a dozen fishers interrupted a news conference with the country's environment ministers in St. John's on Wednesday to demand the federal government reinstate a 32-year moratorium on commercial cod fishing in the province.

TORONTO — Canada's main stock index gained 1.4 per cent Wednesday in a broad-based rally led by energy, industrial and utilities stocks, while U.S. stock markets posted new records yet again. The S&P/TSX composite index closed up 307.

WINNIPEG — The Manitoba government is putting up $1.1 million to address a rise in retail theft and violent crime in some parts of Winnipeg.

TORONTO — Ontario will not budge on its plan to have ready-to-drink cocktails sold at convenience and grocery stores across the province, Premier Doug Ford said Wednesday on the issue that has become a sticking point in an ongoing strike by liquor st

OTTAWA — Federal officials say six decades of road salt has spelled the end for a 123-year old interprovincial bridge in Ottawa. The Alexandra Bridge has to be taken down because of rust, officials from the Procurement Department say.

NEW YORK (AP) — U.S. stocks rose again, continuing Wall Street’s record-setting run. The S&P 500 climbed 1% Wednesday, setting an all-time high for the 37th time this year and marking its first close above 5,600 points.

CALGARY — As Alberta considers an overhaul of its troubled auto insurance system, a global credit rating agency is warning a "clear long-term solution" must be found or more insurers will depart the province.

Credit monitoring isn't just for your credit score — it can also alert you to potential identity theft and fraud if your data has been compromised in a breach, as many Ticketmaster customers were warned earlier this week.

A consumer rights organization says the Canadian Transportation Agency is pressuring passengers to stay silent about its rulings on their complaints — a move the country's airline regulator says falls squarely within its mandate under the law.