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Statistics Canada says economy grew 0.3 per cent in April, but contracted in May

Statistics Canada says economy grew 0.3 per cent in April, but contracted in May

OTTAWA — Economic growth slowed in April and Statistics Canada said Thursday its early estimate for May pointed to a contraction for the month amid weakness in the resource, manufacturing and construction sectors.
Supreme Court limits EPA in curbing power plant emissions

Supreme Court limits EPA in curbing power plant emissions

WASHINGTON (AP) — In a blow to the fight against climate change , the Supreme Court on Thursday limited how the nation’s main anti-air pollution law can be used to reduce carbon dioxide emissions from power plants.
S&P/TSX composite down more than 300 points, U.S. stock markets also retreat

S&P/TSX composite down more than 300 points, U.S. stock markets also retreat

TORONTO — Canada's main stock index was down more than 300 points in broad-based decline as commodity prices also fell and U.S. stock markets pulled back. The S&P/TSX composite index was down 305.55 points at 18,773.09.
Air Canada stock nosedives after carrier slashes summer schedule

Air Canada stock nosedives after carrier slashes summer schedule

Air Canada's stock fell seven per cent in early morning trading after the carrier announced major cuts to its summer flight schedule.

EU, New Zealand strike free trade deal after 4 years' talks

BRUSSELS (AP) — The European Union and New Zealand said Thursday they have concluded a free trade deal after four years of negotiations and sealed a partnership to reinforce their cooperation against organized crime and terror groups.
In tight rental market, here's how to prepare for potential increase at renewal

In tight rental market, here's how to prepare for potential increase at renewal

TORONTO — The rate advantage city renters saw during the pandemic is fading, making it important for those without rent controls to plan ahead for potentially substantial increases.
'Hotdogs instead of steaks:' What your Canada Day BBQ will cost with hot inflation

'Hotdogs instead of steaks:' What your Canada Day BBQ will cost with hot inflation

The Canada Day long weekend is the perfect time for burgers on the grill, cold drinks and time with family and friends. Yet a backyard barbecue comes with a bigger price tag this year. Food prices soared 9.
Stocks open lower, head for worst quarter since early 2020

Stocks open lower, head for worst quarter since early 2020

NEW YORK (AP) — Stocks are opening broadly lower on Wall Street Thursday, continuing a dismal streak that brought on a bear market earlier this month and has the S&P 500 on track for its worst quarter since the early days of the pandemic at the b
OPEC+ oil boost likely not much help to high gasoline prices

OPEC+ oil boost likely not much help to high gasoline prices

NEW YORK (AP) — The OPEC oil cartel and allied producing nations decided Thursday to boost production of crude by an amount that will likely do little to relieve high gasoline prices at the pump and energy-fueled inflation plaguing the global economy
Key inflation gauge tracked by the Fed remains a high 6.3%

Key inflation gauge tracked by the Fed remains a high 6.3%

WASHINGTON (AP) — A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3% in May from a year earlier, unchanged from its level in April.