National Business

TORONTO — Canada's main stock index suffered its worst two-day slump in nearly two years as a more aggressive tone about interest rate hikes from central banks wreaked havoc across North American markets.

NEW YORK (AP) — Stocks tumbled on Wall Street Friday, leaving the S&P 500 with its biggest one-day loss in almost seven weeks, as worries deepen about a surge in interest rates and the U.S. central bank’s efforts to fight inflation.

TALLAHASSEE, Fla. (AP) — Florida Gov. Ron DeSantis on Friday signed a bill to dissolve Walt Disney World’s private government, after the entertainment giant opposed a new state law critics have dubbed “Don’t Say Gay.

TORONTO — Alterna Savings and Credit Union Ltd. has signed a deal to acquire the majority of the assets of the troubled PACE Savings and Credit Union. Financial terms of the deal were not immediately available.

OTTAWA — Retail sales edged higher in February as Canadians went shopping for new clothes and spent more filling up at the gas pumps. Statistics Canada said Friday retail sales rose 0.1 per cent to $59.

Hudson's Bay Co., North America's oldest company with fur trading roots entwined with Canada's Indigenous Peoples, is calling the donation of its landmark Winnipeg building to a First Nations group an act of reconciliation.

Philadelphia is ending its indoor mask mandate, city health officials said Thursday night, abruptly reversing course just days after people in the city had to start wearing masks again amid a sharp increase in infections.

PHOENIX (AP) — The Arizona Supreme Court on Thursday ruled that the state's voters do not have the right to reject a massive income tax cut approved by the Republican-controlled Legislature and Gov. Doug Ducey last year.

TORONTO — On a day when the Federal Reserve spooked markets with its tough talk on interest rates, Bank of Canada governor Tiff Macklem says he won’t "rule anything out" when it comes to the central bank’s own interest rate path and taming Canada’s o

On a day when the Federal Reserve spooked markets with its tough talk on interest rates, Bank of Canada governor Tiff Macklem says he won’t "rule anything out" when it comes to the central bank’s own interest rate path and taming Canada’s out-of-cont