National Business

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.

ROME (AP) — Italy’s political landscape shifted Wednesday after Foreign Minister Luigi Di Maio formalized his departure from the 5-Star Movement, splitting with the party he helped found over its Ukraine policy and other differences.

The already competitive and pricey wedding industry has been exacerbated by the COVID-19 pandemic, 30-year high inflation, supply chain challenges and labour shortages

OTTAWA — The Bank of Canada says deputy governor Timothy Lane will retire in September. Lane joined the central bank in August 2008 as an adviser to the governor after 20 years at the International Monetary Fund.