National Business

TORONTO — Canada's main stock index posted a small loss Wednesday, weighed down by weakness in energy stocks as the price of oil fell below US$70 a barrel, while U.S. stock markets were also down after the Federal Reserve hiked interest rates again.

Efforts to craft a Canadian grocery code of conduct have reached a major milestone with a proposed final version that includes a process to resolve disputes and impose sanctions on systemic violators of the code.

NEW YORK (AP) — Stocks closed lower on Wall Street after the Federal Reserve announced its latest hike to interest rates and hinted that the end to them may be near. The S&P 500 fell 0.

Ottawa unveiled a new licensing policy intended to make it easier for small internet service providers and rural, remote and Indigenous communities to access 5G spectrum licences.

Canada's largest grocer says its product costs have risen by nearly $1 billion so far this year — double the historic norm — as it continues to see "outsized" price increases from big multinational food brands.

Canadian producers say spending on film and TV productions leapt by a record 28 per cent during the second year of the pandemic.

U.S. regulators say Facebook misled parents and failed to protect the privacy of children using its Messenger Kids app, including misrepresenting the access it provided to app developers to private user data.

Toronto's housing market continued to tighten last month as prices edged up four per cent from March and sales moved closer to the level they were at last April, the Toronto Regional Real Estate Board revealed Wednesday.

RICHMOND HILL, Ont. — DesRosiers Automotive Consultants says light vehicle sales in April were still below pre-pandemic levels, at 144,069 units compared with 180,616 in April 2019. Sales in April were also slightly below March, and up just 2.

VANCOUVER — Canfor Corp. reported a loss in its first-quarter compared with a profit a year ago as its lumber operations in Western Canada faced lower prices.