National Business

TORONTO — Equifax Canada says credit card balances hit an all-time high of $107.4 billion in the second quarter of 2023, in a sign financial stress continued to build in the face of inflation and rising interest rates.

WASHINGTON (AP) — The U.S. Justice Department pressed ahead with its antitrust case against Google Wednesday, questioning a former employee of the search engine giant about deals he helped negotiate with phone companies in the 2000s.

Olymel is closing two plants in Quebec and Ontario and accelerating the closure of another facility, affecting around 400 employees as the company says it continues to deal with market challenges.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,278.94, up 55.86 points): Canopy Growth Corp. (TSX:WEED). Healthcare. Down 26 cents, or 14.29 per cent, to $1.56 on 24.

TORONTO — Canada's main stock index posted a small gain Wednesday while U.S. stock markets were mixed after the latest report on inflation south of the border showed an acceleration in August. U.S. inflation last month was 3.

NEW YORK (AP) — Stocks churned to a mixed close on Wall Street after a highly anticipated report showed inflation accelerated across the country last month, but not by much more than expected. The S&P 500 managed a gain of 0.

KIGALI, Rwanda (AP) — Rwanda’s atomic energy board says it has signed a deal with a Canadian-German company to build its first small-scale nuclear reactor to test what the company asserts is a new nuclear fission approach in one of the world's most d

MONTREAL — Even as inflation continues to rankle consumers, Dollarama Inc.'s chief executive says the launch of a new $5 price point has been "well accepted" by shoppers.

WASHINGTON (AP) — Inflation jumped last month largely because of a spike in gas prices but other costs rose more slowly, suggesting price pressures are easing at a gradual pace.

TORONTO — The Professional Women's Hockey League has struck a multi-year agreement with Canadian Tire to be the league's first funding partner. The collaboration includes sponsorship of the PWHL’s inaugural draft on Sept. 18 in Toronto.