National Business

WASHINGTON (AP) — Treasury Secretary Janet Yellen notified Congress on Monday that the U.S. is projected to reach its debt limit as early as June 1, if the body does not raise or suspend the debt limit before then.

NEW YORK (AP) — Regulators seized troubled First Republic Bank early Monday, making it the second-largest bank failure in U.S.

NEW YORK (AP) — U.S. businesses might be able to secure bank deposit insurance for accounts holding more than $250,000 if Congress agrees with the Federal Deposit Insurance Corp.

NEW YORK (AP) — Stocks drifted to a mixed close on Wall Street as investors braced for what they hope will be the last hike to interest rates for a long time. The S&P 500 closed virtually unchanged Monday as the latest historic U.S.

FREDERICTON — New Brunswick's electric utility imposed a moratorium on providing new service to cryptocurrency mining operations last year, saying it was concerned about its ability to meet the increasing demands from the power-hungry sector.

HALIFAX — A weekend fire at Cape Breton’s Donkin coal mine has resulted in a precautionary halt placed on the underground operation by provincial safety officials.

MONTREAL — Cargo volumes at Canada's largest port fell by three per cent last year as the global economy began to show signs of a slowdown.

CALGARY — The Calgary Real Estate Board says the city set a new April record last month as the benchmark price of a home sold reached $550,800. The Alberta board says the price amounts to a two per cent increase from March and a 1.

MONTREAL — WestJet Airlines' purchase of Sunwing's main airline and vacation divisions became official Monday in a major consolidation of the Canadian aviation market following a tumultuous year for travel.

TORONTO — Labour experts say the wage increases the country's largest federal public-sector union secured Monday are far from the hefty gains some might perceive them to be. The experts say the 12.