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TSX hits record high close as energy sector climbs after Saudi Arabia attack

TSX hits record high close as energy sector climbs after Saudi Arabia attack

TORONTO — Canada's main stock index reached a record high to start the week Monday boosted by a nearly 10 per cent lift in the energy sector following a weekend attack on Saudi Arabian oil facilities. The S&P/TSX composite index rose 68.
Saudi Arabian attacks linked to higher oil prices, spark energy stock rally

Saudi Arabian attacks linked to higher oil prices, spark energy stock rally

CALGARY — Higher oil prices spurred by an attack on Saudi Arabian oil facilities boosted the Canadian energy sector on Monday but are expected to result in higher fuel prices for consumers.
U.S. postal treaty exit would hurt Canadian e-commerce businesses

U.S. postal treaty exit would hurt Canadian e-commerce businesses

MONTREAL — U.S. President Donald Trump's push to withdraw from an international postal treaty could have a big impact on Canadian e-commerce companies that ship small goods from China to the U.S. The U.S.
NHL players stay with CBA, labour peace set to at least 2022

NHL players stay with CBA, labour peace set to at least 2022

National Hockey League players announced Monday they will not opt out of the collective bargaining agreement, guaranteeing labour peace until at least 2022.
Purdue Pharma files for bankruptcy as part of settlement

Purdue Pharma files for bankruptcy as part of settlement

Purdue Pharma, the company that made billions selling the prescription painkiller OxyContin, filed for bankruptcy in White Plains, New York, days after reaching a tentative settlement with many of the state and local governments suing it over the tol
With Trump trade war a threat, Fed is set to cut rates again

With Trump trade war a threat, Fed is set to cut rates again

WASHINGTON — For a second straight time, the Federal Reserve is set to cut interest rates this week to try to protect the economy from the consequences of a global slowdown and President Donald Trump's trade war with China.
CREA reports August home sales up from year ago, raises forecast for 2019

CREA reports August home sales up from year ago, raises forecast for 2019

OTTAWA — The Canadian Real Estate Association raised its forecast for home sales this year, helped by economic fundamentals and falling mortgage rates.
"It" is tops again; "Hustlers" full of flash at box office

"It" is tops again; "Hustlers" full of flash at box office

LOS ANGELES — It wasn't quite enough to take down Pennywise the clown, but Jennifer Lopez and the scheming strippers of "Hustlers" topped even the high expectations they brought to the weekend box office. "It: Chapter Two" brought in $40.

Blackstone signs deal to acquire Dream Global Real Estate Investment Trust

TORONTO — Blackstone has signed a deal to acquire Dream Global Real Estate Investment Trust in a deal valued at $6.2 billion, including debt.
Canadian clean-tech firm claims its oil ‘magnet’ is best at spill response

Canadian clean-tech firm claims its oil ‘magnet’ is best at spill response

The product attracts hydrocarbons, acting more like a magnet than a sponge