National Business

MONTREAL — Canadian shippers and consumers could soon be feeling the ripple effect of attacks on cargo vessels in the Red Sea, as freight rates rise and delivery times lengthen.

MONTREAL — Investment manager Jarislowsky Fraser says it will support a move by U.S. investment firm Browning West to replace five directors at Gildan Activewear Inc. in an ongoing fight over who should lead the company.

TORONTO — Canada's main stock index posted a small gain Friday, closing out the first trading week of 2024, while U.S. markets also ended the day marginally higher. The first week of 2024 broke Wall St.’s nine-week winning streak.

REGINA — A looming strike action for Saskatchewan workers at Viterra has been suspended after the grain marketing giant gave the union a revised offer.

NEW YORK (AP) — Wall Street drifted to a higher close but still marked its first losing week in the last 10.

Insolvencies in November were 5.1 per cent higher than in October, and 24.4 per cent higher than a year earlier.

OTTAWA — Job growth stalled in December as the total number of jobs in Canada was virtually unchanged for the month and the unemployment rate held steady at 5.8 per cent for the final month of the year.

WASHINGTON (AP) — The nation’s employers added a robust 216,000 jobs last month, the latest sign that the American labor market remains resilient even in the face of sharply higher interest rates.

ROME (AP) — Global prices for food commodities like grain and vegetable oil fell last year from record highs in 2022 , when Russia’s war in Ukraine, drought and other factors helped worsen hunger worldwide, the U.N.

CALGARY — At Cypress Mountain ski resort, director of operations Jeremy Wentzel has been eagerly waiting for a chance to fire up the snow guns.