National Business

FRANKFURT, Germany (AP) — Inflation ticked up to an annual 2.6% in Europe in May, according to official figures on Friday. That's more than expected as a painful spike in consumer prices takes its time to fade away .

Loblaw is testing smaller-format discount stores across the country this year as shoppers increasingly look for ways to save on their grocery bill.

TORONTO — For the first time in more than a decade, "BlackBerry" dominated on Thursday night — at least at a Canadian Screen Awards gala.

WASHINGTON (AP) — The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the weakest quarterly rate since the spring of 2022, the government said Thursday in a downgrade from its previous estimate.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (22,071.71, up or down 173.73): Suncor Energy Inc. (TSX:SU). Energy. Up 10 cents, or 0.18 per cent, to $54.57 on 9.8 million shares.

WestJet Encore and its pilots reached a deal Thursday after two weeks of negotiations, steering clear of a potential strike this week.

ST. JOHN'S, N.L. — The Newfoundland and Labrador government revealed Thursday that it plans to take Ottawa to court over the federal equalization program, saying it puts Canada’s easternmost province at a disadvantage.

Canada's main stock index differentiated itself from sliding U.S. markets Thursday, gaining more than 150 points on the back of better-than-expected quarterly results from Royal Bank and CIBC. The S&P/TSX composite index was up 173.

NEW YORK (AP) — Most U.S. stocks rose following mixed profit reports from big companies and signals that the economy may be cooling, but the worst day for Salesforce’s stock in nearly 20 years helped drag indexes lower. The S&P 500 sank 0.

TORONTO — CIBC and Royal Bank wrapped a round of second-quarter bank earnings on Thursday that showed rising but manageable consumer strain.