National Business

CHARLOTTETOWN — The Prince Edward Island government tabled a $3.09-billion budget Thursday that forecasts a $97.6-million deficit and a promise to spend money for a new medical school to help the frail health-care sector.

CHARLOTTETOWN — The Prince Edward Island government tabled a $3.09-billion budget Thursday. Here are some highlights: — A projected deficit of $97.6 million on total revenues of $2.99 billion and expenditures of $3.09 billion.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,774.08, down 153.61): Toronto-Dominion Bank. (TSX:TD). Finance. Down $3.40, or 4.19 per cent, to $77.78 on 10.3 million shares.

TORONTO — The effects of heightened inflation and central bank efforts to rein it in by slowing the economy are showing in the second-quarter results from Canada's big banks.

TORONTO — Canada's main stock index was down more than 150 points Thursday, weighed down by losses in energy and telecom, while U.S. stock markets were mixed. The S&P/TSX composite index was down 153.61 points at 19,774.08.

Freedom Mobile will offer a $50 monthly plan that includes unlimited calls and texts as well as 40 gigabytes of data usable throughout Canada and the U.S. following its acquisition by Quebecor Inc.'s Videotron. The $2.

MONTREAL — As cottage season dawns, the prospect of joint ownership with family or friends grows anew for many Canadians, budding perennially like a lakeside plant.

WASHINGTON (AP) — With one of three major rating agencies warning that America’s AAA credit is at risk, the stakes are growing in the standoff in Washington over raising the nation's debt limit.

ALBUQUERQUE, N.M (AP) — Virgin Galactic completed what's expected to be its final test flight Thursday before taking paying customers on brief trips to space.

U.S. applications for jobless claims rose slightly last week but remain at healthy levels with companies reticent to let go of employees in a tight labor market.