National Business

NEW YORK (AP) — Jumps for Big Tech stocks helped U.S. stock indexes claw back much of their slide from the day before, when worries that interest rates may stay high for a while rocked Wall Street. The S&P 500 rose 0.7% Thursday.

Loblaw Cos. Ltd. is launching low-cost cellphone plans under its No Name brand, offering prepaid mobile sim cards for purchase at all No Frills locations across the country within the coming weeks.

TORONTO — Royal Bank of Canada faced a steady stream of questions about the bank's climate and Indigenous rights track record at its annual general meeting Thursday.

VICTORIA — British Columbia is proposing legal changes that would allow the government to regulate the supply of electricity to cryptocurrency miners.

TORONTO — Some advocates are praising Ottawa's move to lengthen the amortization period on insured mortgages for certain homebuyers, but say expanding the policy to all Canadians would help make home ownership more affordable.

WASHINGTON (AP) — Fewer Americans applied for jobless benefits last week as the labor market continues to thrive despite the Federal Reserve's efforts to cool it.

WASHINGTON (AP) — In a move that environmentalists called a betrayal, the Biden administration has approved construction of a deepwater oil export terminal off the Texas coast that would be the largest of its kind in the United States.

TORONTO — Postmedia Network Canada Corp. reported a net loss of $20.1 million in its latest quarter compared with a loss of $20.8 million a year earlier as its revenue fell 13 per cent.

VANCOUVER — Magna International Inc. has signed a strategic partnership with Sanctuary AI for the development of general purpose AI robots for use in the company's manufacturing operations.

OTTAWA — The parliamentary budget officer says Canada would need to build 1.3 million additional homes by 2030 to eliminate the country's housing gap.