Canada's economic growth spurt this year has moved it into a leading role in what is shaping up as an encouraging resurgence in the global economy in 2017, the International Monetary Fund said Monday.
Wholesale sales rose 0.9% to a record high $61.6 billion in May. Sales were up in six of the seven subsectors, representing 80% of total wholesale sales.
S&P Global Ratings, formerly known as Standard and Poor's, lowered the province's credit rating late Friday to A+ from AA-, citing its "weak budgetary performance.
Norbord Inc. says its oriented strand board mill in 100 Mile House, B.C., resumed production over the weekend. The company says work restarted after an evacuation order for 100 Mile House and nearby communities was lifted.
OPEC moved on Monday to cap Nigerian oil output and called on several members to boost compliance with production cuts to help clear excessive global stocks and support flagging prices.