National Business

Restaurant price inflation has been outpacing grocery inflation for months, a sign that business owners continue to grapple with higher costs, said Restaurants Canada.

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates.

NEW YORK (AP) — Arenas are full, the NHL is a fixture on TV screens across North America, highlight-reel goals are talking points on a near-daily basis and “The Pat McAfee Show” even has a segment called “Hockey is Awesome.

WASHINGTON (AP) — The International Monetary Fund has upgraded its outlook for the global economy this year, saying the world appears headed for a “soft landing” — reining in inflation without much economic pain and producing steady if modest growth.

More than 800 airline food service staff at Toronto's Pearson airport went on strike Tuesday, leaving thousands of passengers without meals.

OTTAWA — Higher gasoline prices helped the annual inflation rate tick higher in March, but core inflation continued to cool for the month, raising the chances of an interest rate cut by the Bank of Canada in June.

TORONTO — Weakness in several sectors including financials led Canada's main stock index lower in late-morning trading,while U.S. stock markets were mixed. The S&P/TSX composite index was down 130.16 points at 21,610.04.

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February.

NEW YORK (AP) — The NHL and NHL Players' Association on Tuesday announced a multiyear agreement with Bodyarmor to be the league’s official sports drink. Bodyarmor replaces BioSteel in that department after BioSteel filed for bankruptcy last year.

Lower income doesn’t mean lower priority when it comes to filing a tax return.