National Business

NEW YORK (AP) — U.S. stocks rallied to more records as gains for technology companies keep pushing the market higher. The S&P 500 rose 0.8% Monday, beating the all-time high it set on Thursday.

TORONTO — The federal industry minister says despite data showing that the cost of telecommunications services has declined in Canada, many Canadians still do not feel the effect.

RICHIBUCTO, N.B. — A shell-processing plant in Richibucto, N.B., says it is shutting down and laying off 20 staff because the province limited the facility's hours of operation after residents complained of the smell.

OTTAWA — Canada's real estate market softened further in May as sales and prices of existing homes declined and listings rose.

TORONTO — Many people with diabetes in Canada will soon be able to take insulin once a week instead of daily, drug manufacturer Novo Nordisk announced on Monday.

TORONTO — The companies behind bottled water brands Mountain Valley and Pure Life are combining. Primo Water Corp. has signed a deal to merge with BlueTriton Brands Inc.

TORONTO — New leadership is coming to Corus Entertainment Inc. after it lost several major Warner Bros. Discovery lifestyle television channels to Rogers Communications Inc. and continues to struggle in the current broadcasting environment.

OTTAWA — The annual pace of housing starts in May climbed 10 per cent compared with April, helped by gains in Montreal and Toronto, Canada Mortgage and Housing Corp. said.

VANCOUVER — Taseko Mines Ltd. says it has reached a tentative agreement with striking employees at its Gibraltar Mine in central British Columbia. The deal is subject to ratification by the workers, who are represented by Unifor.

BOUCHERVILLE, Que. — Home improvement retailer Rona Inc. has promoted J.P. Towner to the job of president and chief executive. Towner joined Rona in October 2023 as chief financial officer.