National Business

OTTAWA — Bank of Canada governor Tiff Macklem says he is pleased that inflation has fallen to two per cent, but the central bank now has to "stick the landing" and keep price growth centred around the target.

WASHINGTON (AP) — American consumers are feeling less confident this month as concerns about jobs rose significantly. The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 98.

Some drivers who bought their vehicle within the past couple of years when auto prices were hovering around record highs are now facing the reality that they're underwater with their car loans.

Driven by fake credit applications and identity theft, automotive fraud has surged 54 per cent from a year ago, a report from Equifax Canada has found.

TORONTO — CIBC is the latest Canadian bank to face fines for records-keeping violations in the United States.

WASHINGTON (AP) — American consumers are feeling less confident this month as concerns about jobs rose significantly. The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 98.

China rolled out a raft of measures Tuesday aimed at countering a prolonged downturn in its property market that is weighing on the world’s second largest economy.

TORONTO — Brookfield Renewable and its institutional partners have signed an agreement to sell its Saeta Yield renewable energy business in Europe to the UAE's Masdar in a deal valued at US$1.4 billion.

TEHRAN, Iran (AP) — Iran said Tuesday it believes the remaining workers trapped by an explosion at a coal mine in the country's east have died, bringing the death toll in one of its worst industrial disasters to at least 49.

MONTREAL — The Caisse de dépôt et placement du Québec has signed a deal with Brookfield Asset Management and its institutional partners to buy their 25 per cent stake in British power company First Hydro Co.