National Business

TORONTO — The Toronto International Film Festival says it has signed up Rogers Communications as its new "presenting sponsor," but only for the film festival itself and only for a single year.

WASHINGTON (AP) — The Federal Reserve said Wednesday that greater progress has been made in reducing inflation to its 2% target, a sign that the central bank is moving closer toward cutting its key interest rate for the first time in four years.

OTTAWA — The Canadian economy continued to keep its head just above water in May, growing 0.2 per cent, led by expansions in manufacturing and the public sector.

DETROIT (AP) — U.S. auto safety regulators say they stand by a conclusion that more than 50 million air bag inflators are dangerous and should not be in use, taking another step toward a massive recall.

OTTAWA — A third of all agriculture jobs in Canada could be automated within the next decade, according to a new report.

TORONTO — Spin Master Corp.'s chief executive is optimistic the year will end on a high note for the toy market, despite shoppers sticking with their deal-hunting behaviours.

Canadians are continuing to be laid off as part of a wave of job cuts that began in 2023 as companies assessed their operations after the height of the COVID-19 pandemic passed.

MONTREAL — A Quebec shipbuilder's expansion to the United States is part of the Biden administration's renewed focus on Arctic defence — and a way to get around protectionist law dating back decades.

The investigation is meant to help the agency understand why the cyber incident happened and what must be done to prevent it from happening again.

SASKATOON, Sask. — Cameco Corp. says its second quarter brought net earnings of $36 million, reflecting strength in its uranium business.