National Business

NEW YORK (AP) — CNN ousted chief executive Chris Licht after a tumultuous year leading the struggling news network that culminated in a damning magazine profile and the realization that he’d lost the confidence of the network's journalists.

NEW YORK (AP) — U.S. stocks drifted to a mixed close as drops for Microsoft and other big-name tech stocks overshadowed gains for much of the rest of Wall Street. The S&P 500 fell 0.

MIAMI (AP) — Lionel Messi has pulled off his latest stunning feat: He is headed to Major League Soccer, and joining Inter Miami.

OTTAWA — After watching to see whether its aggressive rate hike path were enough to quash inflation, the central bank has opted to raise interest rates again — fuelling speculation that another rate hike is in the cards for July.

TORONTO — The Bank of Canada hiked its key interest rate Wednesday by a quarter percentage point, bringing the rate to 4.75 per cent — the highest it's been since April 2001.

TORONTO — Rogers Communication Inc.

MONTREAL — The Public Sector Pension Investment Board says it earned a 4.4 per cent return for its most recent financial year as it faced a challenging market environment. The investment manager says net assets under management grew to $243.

MONTREAL — Dollarama Inc. enjoyed a 21 per cent year-over-year jump in sales in its latest quarter as the discount retailer scooped up consumers seeking cheaper products amid high inflation.

OTTAWA — The Bank of Canada raised its key interest rate target by a quarter of a percentage point to 4.75 per cent on Wednesday, the first raise since it announced a pause in January.

Lala Kent would like to thank her “Vanderpump Rules” co-stars Tom Sandoval and Raquel Leviss. Since their secret monthslong affair — dubbed “Scandoval” — went public in early March, the Bravo reality show’s heat meter has skyrocketed.