National Business

JACKSON HOLE, Wyoming (AP) — Interest rates in the European Union will need to stay high “as long as necessary” to slow still-high inflation, Christine Lagarde, president of the European Central Bank, said Friday.

TORONTO — Canada's main stock index climbed on Friday, buoyed by strength in the energy sector, while U.S. markets also rose following a speech by U.S.

NEW YORK (AP) — Wall Street closed higher, breaking a 3-week losing streak, after the head of the Federal Reserve said it will “proceed carefully” as it decides what to do with interest rates. The S&P 500 rose 0.

TORONTO — The Toronto International Film Festival is set to lose Bell as its leading sponsor.

NEW ORLEANS (AP) — The Biden administration's plan to protect an endangered species of whale by scaling back an auction of oil and gas drilling leases in the Gulf of Mexico is being challenged by the oil industry, even as environmentalists go to cour

OTTAWA — Canada Post continued to bleed cash last quarter, as losses ballooned by 59 per cent. In a release Friday, the Crown corporation reported a before-tax loss of $254 million for its second quarter versus $160 million in losses a year earlier.

Two weekends ago, Anne Zarifa and her children sat down to make a list of clothes they'd need for the coming school year after sifting through their closets to get rid of anything too small or worn out.

TORONTO — Gina Izumi was in her first corporate job out of university and told a male colleague her boyfriend enjoyed hitting the links.

OTTAWA — The federal government posted a budgetary surplus of $3.62 billion for the first three months of its 2023-24 fiscal year, compared with a surplus of $10.20 billion in the same period a year earlier.

TORONTO — Canadian insurers are grappling with the higher risk of wildfires as this year's fire season breaks records, and experts say rising premiums are just one way the industry is seeking to adapt to the changing landscape.