National Business

TORONTO — Canada's main stock index fell almost 400 points, or nearly two per cent, Tuesday on broad-based weakness, while U.S. markets also fell, with the three major indexes south of the border each losing more than one per cent.

CALGARY — The man hired to turn around the flagging fortunes of Suncor Energy Inc. said Tuesday he believes the company has been too focused in recent years on the energy transition and must get back to an oil-centred business strategy.

TORONTO — The national office vacancy rate could peak at approximately 15 per cent by the end of 2024 as the rise of hybrid work models prompt companies to reduce their office space, according to a new report by Colliers Canada.

HALIFAX — The next time you order a meal in Nova Scotia, you could get a discount on your bill – if you know some Gaelic.

Grocery prices are still rising at a far higher annual pace than overall inflation, but experts expect to see them continue moderating as the year progresses. The price of groceries grew 8.5 per cent in July compared with last year, down from a 9.

MILWAUKEE (AP) — On the heels of a fourth indictment for Donald Trump, President Joe Biden focused on manufacturing jobs in a speech at a Wisconsin factory — putting his ideas for growth up against his Republican rivals in a bid to win over voters in

OTTAWA — Canada’s annual inflation rate rose to 3.3 per cent in July, as economists warn the latest consumer price index report spells bad news for the Bank of Canada. The uptick in price growth comes after inflation tumbled to 2.

Statistics Canada says a spike in the amount Albertans paid for electricity last month counteracted an overall decline in energy prices in July — and was one of the key reasons cited by the agency as the overall inflation rate ticked up.

TORONTO — Netflix says it has begun an experiment allowing some Canadians to play its games on their televisions and computers.

NEW YORK (AP) — Stocks worldwide are falling Tuesday as China’s faltering recovery raises worries for the rest of the global economy. The S&P 500 sank 0.