National Business

LONDON (AP) — New British Prime Minister Liz Truss announced Thursday that her Conservative government will cap domestic energy prices for homes and businesses to ease a cost-of-living crisis that has left residents across the United Kingdom facing a

WASHINGTON — The Line 5 pipeline has won a stay of execution in Wisconsin, where a federal judge sided with an Indigenous group's complaint but stopped short of ordering the controversial cross-border energy link shut down entirely.

TORONTO — Canada's main stock index closed higher along with U.S. markets as investors digested the latest signals on rate increases from central banks. The S&P/TSX composite index gained 171.56 points Thursday to close at 19,413.

MONTREAL — Returning to St. John's, N.L., from France's Charles de Gaulle airport via Montreal earlier this summer, Air Canada customer AnDe Mosher's flight was cancelled.

NEW YORK — The stock market recovered from a midday stumble and ended higher, staying on track for its first weekly gain in four weeks. The S&P 500 rose 0.7% Thursday.

OTTAWA — Bank of Canada senior deputy governor Carolyn Rogers says a period of lower economic growth is necessary to bring inflation down but that the bank still expects to accomplish its goal of lowering inflation without triggering a recession.

TORONTO — Dye & Durham Ltd. says Australia's competition regulator will not oppose the company's acquisition of Link Group.

MONTREAL — Tour operator Transat A.T. Inc. says it's on track for a strong winter travel season amid a rebound in sun destination sales that promise to match pre-pandemic levels.

TORONTO — New research from KPMG shows investment in Canadian financial technology companies has dropped by more than 50 per cent in the first half of the year.

WASHINGTON (AP) — The last time the Federal Reserve faced inflation as high as it is now , in the early 1980s, it jacked up interest rates to double-digit levels — and in the process caused a deep recession and sharply higher unemployment.