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.

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.

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.

TORONTO — When the Collision tech conference got underway in Toronto on Tuesday, there were two words that dominated discussions across the Enercare Centre: artificial intelligence.

TORONTO — Brookfield Reinsurance Ltd. has made a stock-and-cash offer to buy American Equity Investment Life Holding Co. (AEL) that values the company at US$4.3 billion.

WASHINGTON (AP) — The Justice Department’s watchdog said Tuesday that a "combination of negligence and misconduct" enabled financier Jeffrey Epstein to take his own life at a federal jail in New York City while he was awaiting trial on sex traffickin