National Business

TORONTO — Strength in base metal and utilities stocks helped Canada's main stock index rise more than 150 points on Thursday, while U.S. stock markets also climbed higher.

TORONTO — Shares of BlackBerry Ltd. were down 13.5 per cent after the company released its latest quarterly results and its new chief executive said he has his eye on cutting costs. Shares in the company closed down 74 cents at $4.

TORONTO — Shares of Energy Fuels Inc. were up after the company said it has started production at three of its uranium mines in the United States and was preparing to start production at two more.

NEW YORK (AP) — Several strong profit reports helped Wall Street claw back most of its sharp loss from the prior day. The S&P 500 rose 1% Thursday and is back within 1% of its all-time high a day after its worst drop in nearly three months.

OTTAWA — The federal government is reappointing Matthew Boswell as the commissioner of competition for a two-year term. Boswell, who was first appointed as commissioner in 2019, was slated to finish his term at the end of February.

LONDON (AP) — Angola announced Thursday that it's leaving the OPEC oil producers cartel, coming after it battled with the group over lower production quotas this year.

WASHINGTON — It's a truism in foreign-policy circles that the world learned some hard lessons from Donald Trump's volatile first term as president.

Canadian shoppers opened up their wallets a touch more in October, helping retail sales rise 0.7 per cent to $66.9 billion that month, but Statistics Canada and analysts are warning such numbers won't keep climbing.

CALGARY — Crescent Point Energy Corp. says it expects average production of 198,000 to 206,000 barrels of oil equivalent per day in 2024 now that it has closed its deal to buy Hammerhead Energy Inc.

TORONTO — Mastermind says it will stop honouring gift cards after Christmas Eve. The distressed toy retailer says in court filings that gift cards won't be accepted at its stores after Dec. 24.