National Business

TORONTO — The effects of heightened inflation and central bank efforts to rein it in by slowing the economy are showing in the second-quarter results from Canada's big banks.

TORONTO — Canada's main stock index was down more than 150 points Thursday, weighed down by losses in energy and telecom, while U.S. stock markets were mixed. The S&P/TSX composite index was down 153.61 points at 19,774.08.

Freedom Mobile will offer a $50 monthly plan that includes unlimited calls and texts as well as 40 gigabytes of data usable throughout Canada and the U.S. following its acquisition by Quebecor Inc.'s Videotron. The $2.

MONTREAL — As cottage season dawns, the prospect of joint ownership with family or friends grows anew for many Canadians, budding perennially like a lakeside plant.

WASHINGTON (AP) — With one of three major rating agencies warning that America’s AAA credit is at risk, the stakes are growing in the standoff in Washington over raising the nation's debt limit.

ALBUQUERQUE, N.M (AP) — Virgin Galactic completed what's expected to be its final test flight Thursday before taking paying customers on brief trips to space.

U.S. applications for jobless claims rose slightly last week but remain at healthy levels with companies reticent to let go of employees in a tight labor market.

OTTAWA — Canada Mortgage and Housing Corp. says the country's total residential mortgage debt was $2.08 trillion as of January this year, up six per cent from January 2022.

WASHINGTON (AP) — The Supreme Court on Thursday made it harder for the federal government to police water pollution in a decision that strips protections from wetlands that are isolated from larger bodies of water.

TORONTO — A new survey shows more than one in 10 Canadians own an investment property — and their ranks are expected to grow over the next five years.