National Business

Former Ottawa mayor Jim Watson is now a member of the Ottawa Community Housing foundation’s board of directors, the non-profit organization announced Tuesday.

TORONTO — Canada's main stock index rose almost 150 points Tuesday amid broad-based gains after a new report showed inflation slowed in May, while U.S. markets also rose on economic optimism. The S&P/TSX composite index was up 145.

NEW YORK (AP) — Wall Street rallied after a round of reports suggested the economy is in better shape than feared. The S&P 500 rose 1.

TORONTO — Ottawa wants to draw more tech talent to Canada and is expanding the pathways workers in the sector have to enter the country.

Canada's competition watchdog released its much awaited study into the country's retail grocery market on Tuesday, painting a picture of a highly concentrated industry dominated by few players.

OTTAWA — Canada's inflation rate tumbled in May as price shocks caused by the Russian invasion of Ukraine have been mostly absorbed, but economists are still expecting the Bank of Canada to move ahead with another rate hike next month.

Young Canadians are increasingly the targets of financial fraud, experts say, as the age group most comfortable with buying products online is likewise most exposed to risk.

GATINEAU, Que. — Canada's competition watchdog released its much awaited study into the country's retail grocery market on Tuesday.

NICOSIA, Cyprus (AP) — The chief executive of energy company Eni said Tuesday that Cyprus-Israeli plans for a pipeline to move offshore natural gas from the two countries to Cyprus is “part of our discussion” with the Cypriot government.

Canada's grocery sector needs more competition to help keep food prices down, give shoppers more choice and encourage new entrants, the country's competition watchdog says.