Skip to content

National Business

Stock market today: Most of Wall Street climbs on encouraging inflation report, but Big Tech slumps

Stock market today: Most of Wall Street climbs on encouraging inflation report, but Big Tech slumps

NEW YORK (AP) — Most U.S. stocks rose after the latest update on inflation bolstered Wall Street’s belief that relief on interest rates may come as soon as September.
Read more >
MLSE parts ways with Toronto FC, Argonauts president Bill Manning

MLSE parts ways with Toronto FC, Argonauts president Bill Manning

TORONTO — Time ran out for Bill Manning, who oversaw Toronto FC and Argonaut championships in his role as president of the MLS and CFL teams.
Read more >
A timeline of events in the Ontario Science Centre closure

A timeline of events in the Ontario Science Centre closure

TORONTO — Ontario infrastructure officials released more information Thursday about structural and mechanical issues facing the Ontario Science Centre, as well as a peer review of the original engineering report on roof panel problems, as they justif
Read more >
Teck closes sale of coal business to Glencore in wake of federal approval

Teck closes sale of coal business to Glencore in wake of federal approval

VANCOUVER — Teck Resources Ltd. says it has completed the sale of its remaining 77 per cent interest in its steelmaking coal business to Glencore plc.
Read more >
Marathon Oil reaches $241 million settlement with EPA for environmental violations in North Dakota

Marathon Oil reaches $241 million settlement with EPA for environmental violations in North Dakota

WASHINGTON (AP) — The federal government announced a $241.5 million settlement with Marathon Oil on Thursday for alleged air quality violations at the company's oil and gas operations in the Forth Berthold Indian Reservation in North Dakota.
Read more >
Average rate on a 30-year mortgage falls slightly, easing borrowing costs for home shoppers

Average rate on a 30-year mortgage falls slightly, easing borrowing costs for home shoppers

LOS ANGELES (AP) — The average rate on a 30-year mortgage fell slightly this week, providing modest relief for home shoppers facing record-high home prices. The rate fell to 6.89% from 6.95% last week, mortgage buyer Freddie Mac said Thursday.
Read more >
US inflation cools again, potentially paving way for Fed to cut interest rates soon

US inflation cools again, potentially paving way for Fed to cut interest rates soon

WASHINGTON (AP) — Inflation in the United States cooled in June for a third straight month, a sign that the worst price spike in four decades is steadily fading and may soon usher in interest rate cuts by the Federal Reserve.
Read more >
Nelly Furtado sets September release date for long-awaited seventh studio album

Nelly Furtado sets September release date for long-awaited seventh studio album

Nelly Furtado's comeback train is making a pit stop at lucky No. 7. The pop hitmaker and Victoria native has marked Sept. 20 for the release of her seventh studio album, which she's appropriately named "7.
Read more >
Houston utility says 500K customers still won't have electricity next week as Beryl outages persist

Houston utility says 500K customers still won't have electricity next week as Beryl outages persist

AUSTIN, Texas (AP) — About 500,000 customers still won’t have electricity into next week as wide outages from Hurricane Beryl persist and frustration mounts over the pace of restoration, an official with Houston’s biggest power utility said Thursday.
Read more >
Lawsuit filed in case of teen who died after eating spicy chip as part of online challenge

Lawsuit filed in case of teen who died after eating spicy chip as part of online challenge

BOSTON (AP) — A lawsuit was filed Thursday in the case of a Massachusetts teen who died after he participated in a spicy tortilla chip challenge on social media. Harris Wolobah, a 10th grader from the city of Worcester, died Sept.
Read more >