National Business

CALGARY — Even as a growing number of activists urge financial institutions to take action against climate change by reducing funding to the fossil fuel sector, executives with Canada’s largest bank say this country won’t reach its net-zero goals wit

Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,368.69, down 193.69 points) Barrick Gold Corp. (TSX:ABX). Materials. Down 43 cents, or 2.09 per cent, to $20.12 on 11.3 million shares.

OTTAWA — Bank of Canada deputy governor Paul Beaudry said in hindsight, governments and central banks should have withdrawn stimulus measures earlier as economies recovered from the COVID-19 pandemic, which likely would have kept a lid on inflation.

TORONTO — Canada's main stock index closed down almost one per cent in broad-based declines Tuesday, similar to losses in U.S. stock markets a day ahead of the U.S. Federal Reserve's latest rate decision.

NEW YORK (AP) — The expanding audio books market has a major new retailer: Spotify.

OTTAWA — Inflation in Canada is cooling faster than expected, but economists don't expect the Bank of Canada to back down from its fight just yet. The annual inflation rate slowed to 7.

Shea McInnis used to love cooking. But higher prices have reduced the PhD student to basic meal planning on a shoestring budget.

TOKYO — Stocks closed lower on Wall Street ahead of a key decision on interest rates by the Federal Reserve. The S&P 500 fell 1.1% Tuesday. The Nasdaq composite and the Dow Jones Industrial Average also lost ground.

BERLIN (AP) — Natural gas supplier Uniper said Tuesday that it’s in “final discussions” for Germany to nationalize the company, ramping up the government’s intervention in the gas and oil industry as Russia's war in Ukraine provokes an energy crisis

MINNEAPOLIS (AP) — Federal authorities charged 47 people in Minnesota with conspiracy and other counts on Tuesday in what they said was a massive scheme that took advantage of the COVID-19 pandemic to steal $250 million from a federal program that pr