National Business

WASHINGTON (AP) — A key index of U.S. prices ticked higher in April, and consumer spending rebounded, a sign that inflationary pressures in the economy remain high. The index, which the Federal Reserve closely monitors, showed that prices rose 0.

The U.S.

EDMONTON — CWB Financial Group raised its quarterly dividend as it reported its second-quarter profit fell compared with a year ago and said it was targeting lower annual loan growth than previously expected.

VANCOUVER — Teck Resources Ltd. has promoted Ian Anderson to the post of chief commercial officer as the company continues work on a plan to separate its base metal and steelmaking coal operations.

CALGARY — As the Alberta election campaign heads into its final days, business groups are warning that increased divisiveness and political extremism poses a threat to the province's economic future.

As the spring season brings higher flood risk to Canadians, as seen in British Columbia recently, experts say many homeowners remain without adequate insurance to cover extreme weather’s damage to their homes.

NEW YORK — Asian markets were mixed Friday as a deadline loomed for Congress to reach a deal on the U.S. government debt or face a potentially calamitous default . Tokyo and Seoul rose while Shanghai and Sydney fell.

MONTREAL — Air Canada briefly grounded its planes Thursday due to a problem with its computer system, delaying nearly half its flights.

Vancouver-based company Lululemon says it will expand its headquarters in the city and create 2,600 jobs over the next five years.

TORONTO — Former Unifor president Jerry Dias was not charged as the result of an investigation launched last year into allegations that the longtime union leader accepted a bribe, Toronto police said Thursday.