National Business

TORONTO — Fears of weakened demand stemming from higher interest rates pushed the energy sector and Canada's main stock index lower midweek as inflation hit a near 40-year high in May.

TORONTO — More than 330 Hudson’s Bay Co. warehouse workers have gone on strike after talks with the company broke down. Unifor says the logistics workers walked off the job after HBC refused to offer an increase in compensation for the past year.

The federal government now stands to lose money from its investment in the Trans Mountain pipeline, according to a new report, but Canada's oil industry says the war in Ukraine has made the massively expensive infrastructure project more important th

NEW YORK (AP) — Stocks gave up an afternoon gain and ended slightly lower on Wall Street Wednesday. Energy companies helped pull the market lower after crude oil prices sank. The S&P 500 fell 0.1%, the Dow Jones Industrial Average fell 0.

OTTAWA — Canada's banking regulator has kept the domestic stability buffer at the top end of the range to help address heightened financial uncertainty. As the buffer stands, banks have to hold capital equivalent to 2.

MONTREAL — Soaring gas prices fuelled the largest rise in the annual inflation rate in four decades last month, Statistics Canada says — with further increases anticipated.

WASHINGTON — Alberta Premier Jason Kenney and oilsands industry executives are in the U.S. capital as part of a fresh push to rehabilitate the public image of Canada's fossil fuels.

The food going into grocery store shopping carts in Canada is changing as consumers face a nearly 10 per cent increase in food prices, the head of one of the country's largest supermarket chains said Wednesday.

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell sought Wednesday to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy and cause a rec

EDMONTON — Aurora Cannabis Inc. says it is laying off 12 per cent of its workforce as the company embarks on a reorganization.