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Europe sees inflation drop to 6.1%, but real relief for consumers will take months

Europe sees inflation drop to 6.1%, but real relief for consumers will take months

FRANKFURT, Germany (AP) — Europe's inflation took a positive turn with a significant drop to 6.1%, but prices are still posing a pinch to shoppers who are yet to see real relief in what they pay for food and other necessities.
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House OKs debt ceiling bill to avoid default, sends Biden-McCarthy deal to Senate

House OKs debt ceiling bill to avoid default, sends Biden-McCarthy deal to Senate

WASHINGTON (AP) — Veering away from a default crisis, the House approved a debt ceiling and budget cuts package late Wednesday, as President Joe Biden and Speaker Kevin McCarthy assembled a bipartisan coalition of centrist Democrats and Republicans a
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Quebec premier announces Michael Sabia as new CEO of Hydro-Quebec

Quebec premier announces Michael Sabia as new CEO of Hydro-Quebec

Quebec's government has officially tapped Michael Sabia as the next head of Hydro-Quebec. In a tweet, Premier François Legault announced Sabia would serve as president and CEO of the Crown corporation, succeeding Sophie Brochu.
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Former Que. finance minister Leitão appointed to Bank of Canada

Former Que. finance minister Leitão appointed to Bank of Canada

OTTAWA — Former Quebec finance minister Carlos Leitão has been appointed to the Bank of Canada's board of directors. Leitão was Quebec's finance minister between 2014 and 2018.
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,572.24, down 167.46): Suncor Energy Inc. (TSX:SU). Energy. Down 77 cents, or 1.99 per cent, to $38.03 on 23.2 million shares.
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S&P/TSX composite down almost 170 points in broad-based decline

S&P/TSX composite down almost 170 points in broad-based decline

TORONTO — Canada's main stock index was down almost 170 points Wednesdayin a broad-based decline led by losses in energy and base metals, while U.S. markets also moved lower. The S&P/TSX composite index was down 167.46 points at 19,572.24.
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Meta starts testing paid verification for Canadian Facebook, Instagram creators

Meta starts testing paid verification for Canadian Facebook, Instagram creators

TORONTO — Meta Platforms Inc. has begun allowing "up-and-coming creators" in Canada to pay to be verified on Facebook and Instagram. The social media company says in a release that the pay-for-verification program is called Meta Verified.
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Stock market today: Wall Street slumps with markets worldwide

Stock market today: Wall Street slumps with markets worldwide

NEW YORK (AP) — Wall Street closed lower as worries rise about the strength of the global economy and inflation. The S&P 500 fell 0.6% Wednesday. The Nasdaq composite fell a similar amount, and the Dow Jones Industrial Average fell 0.4%.
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Equinor postponing Bay du Nord oil project off Newfoundland for up to three years

Equinor postponing Bay du Nord oil project off Newfoundland for up to three years

ST. JOHN'S, N.L. — The premier of Newfoundland and Labrador played it cool Wednesday as Norwegian energy giant Equinor announced it was suspending plans to develop a $16-billion oil project in the province's offshore.
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What slowdown? Economy continues to outperform, raising odds of rate hike next week

What slowdown? Economy continues to outperform, raising odds of rate hike next week

OTTAWA — The Canadian economy grew faster than expected in the first three months of the year and likely expanded again in April, fuelling speculation that the Bank of Canada will raise interest rates again when it meets next week.
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