Economy, Law & Politics

VICTORIA — Prime Minister Justin Trudeau has announced the appointment of longtime businesswoman and philanthropist Wendy Lisogar-Cocchia as British Columbia's 31st lieutenant-governor.

The typical excitement and celebratory vibes of a cabinet shuffle were absent earlier Friday, as eight backbench Liberals were promoted to cabinet and four existing ministers got new or additional roles.

Canadians continue to struggle with financial stress because of rising costs

TORONTO — Canada's main stock index gained almost 200 points Friday as markets broadly rose to end a rocky trading week, with the main U.S. indexes each gaining more than one per cent. The S&P/TSX composite index closed up 185.

If such a vote were to pass, it would trigger an election. The House is scheduled to sit again until Jan. 27.

Scott Thomas Low admitted he contravened a freeze order and withdrew money from his bank accounts while under investigation for securities misconduct.

NEW YORK (AP) — U.S. stocks rose to turn what would have been one of the market’s worst weeks of the year into just a pretty bad one. The S&P 500 rallied 1.1% Friday to shave its loss for the week down to 2%.

TORONTO — Home affordability in Canada is improving, according to a new RBC Economics report, but strains remain. The report, released Friday, said home ownership costs in Canada have eased for three consecutive quarters.

Those audits, paid for by the companies being audited, have come under fire for their lack of independence.