National Business

BEIJING — Stocks fell sharply worldwide Friday on worries an already slowing global economy could fall into recession as central banks raise the pressure with additional interest rate hikes. The Dow Jones Industrial Average fell 1.

TORONTO — Rising fears around future economic growth weighed heavily on markets Friday, pushing Canada's main stock index sharply down along with the commodities that underpin so much of it, while U.S. markets also dropped.

Most of Canada's oilsands producers have made little progress on their goal to decarbonize the sector despite historically high profits and low capital expenditures, a new report said.

BANFF, Alta. — The last of Canada's COVID-19 border restrictions are set to disappear at the end of this month, but some critics say they fear the measures have already caused a lasting decrease in cross-border travel.

YELLOWKNIFE — The owners of a diamond mine in the Northwest Territories say workers have recovered what is likely Canada's largest fancy vivid yellow diamond. The Arctic Canadian Diamond Company says the 71.

One expert at the intersection of journalism and policy says Postmedia Network Inc.'s decision to end the Monday print edition of nine of its urban daily newspapers next month is an "important moment" for news media in Canada.

TORONTO — Ontario ended the last fiscal year with a $2.1-billion surplus – a far cry from the $33-billion deficit projected in the budget – thanks to inflation and stronger economic growth, officials said Friday.

OTTAWA — Retail sales fell 2.5 per cent to $61.3 billion in July, the first drop in seven months as sales at gasoline stations and clothing and clothing accessories stores decreased, Statistics Canada said Friday. The drop was deeper than the 2.

OTTAWA — Statistics Canada says the number of Canada's international arrivals increased in July but has yet to recover to pre-pandemic levels. The agency says the number of trips by U.S. residents in July was 2.

OTTAWA — The federal government posted a surplus of $6.3 billion for the first four months of its 2022-23 fiscal year. The Finance Department says the result for the April-to-July period compared with deficit of $47.