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Stock market today: Wall Street ticks higher after inflation data clears the path for cuts to rates

Stock market today: Wall Street ticks higher after inflation data clears the path for cuts to rates

NEW YORK (AP) — Wall Street ticked higher after the latest update on inflation came in almost exactly as economists expected. The S&P 500 rose 0.4% Wednesday, coming off one of its best days of the year. The Dow Jones Industrial Average added 0.
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Cargojet foresees ‘much stronger’ second half of year as e-commerce sales rise

Cargojet foresees ‘much stronger’ second half of year as e-commerce sales rise

The co-CEO of Cargojet Inc. says rising e-commerce demand will fuel major business gains in the second half of the year after boosting revenues last quarter.
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Paris Olympics, drop in pilot hiring contribute to lower CAE profits

Paris Olympics, drop in pilot hiring contribute to lower CAE profits

MONTREAL — Demand for CAE Inc.'s pilot training services dropped last quarter in step with a decrease in new hires at major airlines and — counterintuitively — lower travel demand brought on by the Paris Olympics.
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Scotiabank's 1832 Asset Management cuts stake in Israeli arms manufacturer

Scotiabank's 1832 Asset Management cuts stake in Israeli arms manufacturer

TORONTO — Scotiabank's 1832 Asset Management has substantially cut back its holdings in Israeli arms manufacturer Elbit Systems Ltd. as the bank has faced calls to divest over the war in Gaza.
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Trade minister criticizes higher U.S. softwood lumber duties as unfair, unwarranted

Trade minister criticizes higher U.S. softwood lumber duties as unfair, unwarranted

WASHINGTON — Canada's international trade minister is criticizing the U.S. Department of Commerce for nearly doubling duties on softwood lumber, saying the move is unfair and unwarranted. Minister Mary Ng said the U.S.
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Annual US inflation falls to 3-year low, clearing the way for the Fed to begin cutting rates

Annual US inflation falls to 3-year low, clearing the way for the Fed to begin cutting rates

WASHINGTON (AP) — Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.
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Rogers says Corus's business model 'broken' after being accused of 'predatory' action

Rogers says Corus's business model 'broken' after being accused of 'predatory' action

Corus Entertainment Inc. has filed a complaint with Canada's broadcasting regulator alleging Rogers Communications Inc. is "engaging in predatory behaviour" to suppress potential competition and breaching its regulatory requirements.
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Eight hospitalized, three dozen displaced after Vancouver apartment fire

Eight hospitalized, three dozen displaced after Vancouver apartment fire

VANCOUVER — Officials with the City of Vancouver say eight people have been taken to hospital after a fire at an apartment building in the Kitsilano neighbourhood. A statement from the city says the fire began at about 2:30 a.m.
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Parkland Corp. faces lawsuit from top shareholder Simpson Oil

Parkland Corp. faces lawsuit from top shareholder Simpson Oil

In addition to its Burnaby refinery, Parkland operates approximately 4,000 fuel and convenience retail stores and commercial locations across Canada, the United States and the Caribbean.
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Power utility Hydro One reports Q2 profit and revenue up from year ago

Power utility Hydro One reports Q2 profit and revenue up from year ago

TORONTO — Hydro One Ltd. reported its second-quarter profit rose compared with a year ago. The power utility says its net income attributable to common shareholders amounted to $292 million or 49 cents per diluted share for the quarter ended June 30.
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