National Business

PRAGUE (AP) — A Prague court on Monday acquitted former Prime Minister Andrej Babis of fraud charges in a $2 million case involving European Union subsidies.

TORONTO — Andrew Hamilton and his wife bid farewell to their home in Toronto's Junction neighbourhood roughly a year and a half ago, when housing prices were soaring, but finding a new abode proved tricky.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Banking conference RBC Capital Markets hosts its Canadian bank CEO conference on Monday.

WASHINGTON (AP) — America’s employers added a solid 223,000 jobs in December, evidence that the economy remains healthy even as the Federal Reserve is rapidly raising interest rates to try to slow economic growth and the pace of hiring .

TORONTO — Canada's main stock index rose 1.58 per cent Friday on broad-based gains while U.S. markets were all up by more than two per cent. The S&P/TSX composite index was up 307.67 points at 19,814.51.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (19,814.51, up 307.67): Suncor Energy Inc. (TSX:SU). Energy. Up $1.03, or 2.50 per cent, to $42.16 on 11.4 million shares.

NEW YORK — Wall Street rallied amid hopes inflation may continue to cool and the Federal Reserve may ease up on its interest rate hikes following some mixed readings on the U.S. economy. The S&P 500 shook off a shaky start and closed 2.

WASHINGTON (AP) — U.S. health officials on Friday approved a closely watched Alzheimer’s drug that modestly slows the brain-robbing disease, albeit with potential safety risks that patients and their doctors will have to carefully weigh.

OTTAWA — The Canadian labour market ended the year on a strong note as the economy added a whopping 104,000 jobs in December, showing no signs of the slowdown many economists have been anticipating.

Vince McMahon is rejoining the board of WWE several months after he retired from the sports entertainment company during an investigation into alleged misconduct.