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S&P/TSX composite down almost 300 points Tuesday, U.S. markets also move lower

S&P/TSX composite down almost 300 points Tuesday, U.S. markets also move lower

TORONTO — Canada's main stock index fell almost 300 points Tuesday on the heels of new data showing inflation ticked higher in April, while U.S. stock markets also moved lower. The S&P/TSX composite index was down 297.90 points at 20,242.
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Stock market today: Wall Street dips as energy stocks, Home Depot weigh

Stock market today: Wall Street dips as energy stocks, Home Depot weigh

NEW YORK (AP) — Most stocks fell on Wall Street after Home Depot warned of flagging sales, the latest discouraging signal for an economy under pressure. The S&P 500 lost 0.
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Biden cancels planned visit to Australia, Papua New Guinea to focus on debt limit talks

Biden cancels planned visit to Australia, Papua New Guinea to focus on debt limit talks

WASHINGTON (AP) — President Joe Biden is curtailing his upcoming trip to the Indo-Pacific, scrapping what was to be a historic stop in Papua New Guinea as well as a visit to a Australia for gathering with fellow leaders of the so-called Quad partners
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Rent, mortgage interest helped drive inflation higher in April: Statistics Canada

Rent, mortgage interest helped drive inflation higher in April: Statistics Canada

OTTAWA — The first increase in annual inflation since its June 2022 peak was driven in part by higher mortgage interest costs and higher rent prices, Statistics Canada said Tuesday
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Statistics Canada says manufacturing sales rose 0.7 per cent in March

Statistics Canada says manufacturing sales rose 0.7 per cent in March

OTTAWA — Statistics Canada says manufacturing sales rose 0.7 per cent to $72.3 billion in March, boosted by gains in the motor vehicle, aerospace product and parts, and primary metal industries. The increase followed a drop of 3.
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Alberta UCP says NDP economic plan will kill jobs and cause people to flee

Alberta UCP says NDP economic plan will kill jobs and cause people to flee

CALGARY — The United Conservative Party says the NDP's economic plan will kill jobs and cause people to flee Alberta.
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Annual inflation rate edged up in April, raises chances of higher interest rates

Annual inflation rate edged up in April, raises chances of higher interest rates

OTTAWA — The annual pace of inflation rose in April for the first time since it peaked in June last year, a move some economists say will test the Bank of Canada's decision to pause hiking interest rates if the economy does not cool as expected later
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Ottawa taps former MTA executive as new president and CEO of Via Rail

Ottawa taps former MTA executive as new president and CEO of Via Rail

Ottawa has appointed Mario Péloquin as the new president and CEO of Via Rail Canada Inc., effective June 12. Transport Minister Omar Alghabra says Péloquin will serve a five-year term at the helm of the Crown corporation. Péloquin replaces Martin R.
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Retail sales up 0.4% in April, buoyed by solid job market and declining prices in some areas

Retail sales up 0.4% in April, buoyed by solid job market and declining prices in some areas

NEW YORK (AP) — Americans picked up their spending modestly in April, spending money online and dining out, buoyed by a solid job market and a retreat in prices for some things.
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The financial perks of taking a gap year before post-secondary

The financial perks of taking a gap year before post-secondary

When Jessica Moorhouse was graduating high school, she thought about taking a gap year before enrolling in post-secondary. Like many teenagers, she was interested in travelling before signing on for another several years of education.
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