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S&P/TSX composite closes down as telecom and metal stocks fall, U.S. markets mixed

S&P/TSX composite closes down as telecom and metal stocks fall, U.S. markets mixed

TORONTO — Canada's main stock index closed down Tuesday on the same day inflation came in higher than expected, while U.S. stock markets were mixed. The S&P/TSX composite index ended down 60.11 points at 21,788.
GM brings in new CEO to steer troubled Cruise robotaxi service while Waymo ramps up in San Francisco

GM brings in new CEO to steer troubled Cruise robotaxi service while Waymo ramps up in San Francisco

General Motors on Tuesday named a veteran technology executive with roots in the video game industry to steer its troubled robotaxi service Cruise as it tries to recover from a gruesome collision that triggered the suspension of its California licens
Stock market today: A rebound for Nvidia has it back to masking losses for much of Wall Street

Stock market today: A rebound for Nvidia has it back to masking losses for much of Wall Street

NEW YORK (AP) — A rebound for Nvidia propped up a weakened Wall Street and kept U.S. stock indexes close to their records. The S&P 500 rose 0.4% Tuesday and neared its all-time high set a week earlier. The Nasdaq composite leaped 1.
Food inflation ticks higher in May for first time in nearly a year

Food inflation ticks higher in May for first time in nearly a year

Higher grocery prices continue to wallop Canadian household budgets, with food inflation ticking higher in May for the first time in nearly a year. Statistics Canada reported Tuesday that grocery prices rose 1.
Manulife boosts key profit target at investor day in Hong Kong

Manulife boosts key profit target at investor day in Hong Kong

Manulife Financial Corp. boosted a key profitability target as it emphasized the big changes the company has gone through in recent years.
Public funds for religious charter school would be unconstitutional, Oklahoma high court says

Public funds for religious charter school would be unconstitutional, Oklahoma high court says

OKLAHOMA CITY (AP) — The Oklahoma Supreme Court on Tuesday stopped what would have been the first publicly funded religious charter school in the U.S.
Bank of Canada's next move less certain after inflation rate ticks higher in May

Bank of Canada's next move less certain after inflation rate ticks higher in May

OTTAWA — The annual inflation rate unexpectedly ticked higher in May, raising doubts about what the Bank of Canada will do when it makes its next interest rate decision in July in "bumpy and choppy" conditions.
Ford recalls 95,000 pickup trucks in Canada because transmissions can suddenly downshift to 1st gear

Ford recalls 95,000 pickup trucks in Canada because transmissions can suddenly downshift to 1st gear

Ford is recalling about 645,000 pickup trucks across Canada and the U.S. because the transmissions can unexpectedly downshift to first gear no matter how fast the trucks are going.
Ukraine and Moldova launch EU membership talks, but joining is likely to take years

Ukraine and Moldova launch EU membership talks, but joining is likely to take years

BRUSSELS (AP) — The European Union on Tuesday launched membership talks with Ukraine, a decade after Russian troops seized the Crimean Peninsula to deter the country from moving closer to the West, part of a chain of events that set the two neighbors
Consumer confidence in U.S. falls in June as Americans fret about near-term prospects

Consumer confidence in U.S. falls in June as Americans fret about near-term prospects

American consumers lost some confidence in June as expectations over the near-term future fell again. The Conference Board, a business research group, said Tuesday that its consumer confidence index fell in June to 100.4 from 101.3 in May.
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