National Business

TORONTO — Canada's main stock index fell 1.3 per cent Tuesday in a broad-based decline after the latest inflation print came in higher than expected, while U.S. stock markets also moved lower. The S&P/TSX composite index closed down 273.

Instacart delivered in its stock market debut. The grocery delivery company's shares __ priced at $30 per share ahead of the IPO __ hit a peak of $42.95 Tuesday in the first few minutes of trading on the Nasdaq stock exchange.

OTTAWA — Bank of Canada deputy governor Sharon Kozicki says swings in the inflation rate are to be expected after the latest consumer price index report showed inflation climbed in August for the second month in a row.

TORONTO — Amazon.com Inc. says it is ramping up to hire more than 6,000 people across Canada. The Seattle-based e-commerce giant says the new hires will cover full-time, seasonal and part-time roles.

EDMONTON — Severe storms in Alberta and the Prairies this summer resulted in more than $300 million in insured losses, according to initial estimates from the Insurance Bureau of Canada.

SMITHS FALLS, Ont. — BioSteel Sports Nutrition Inc. owes a slew of top-ranking sports teams and leagues millions of dollars.

VANCOUVER — Shares of Equinox Gold Corp. fell nearly 20 per cent in early trading Tuesday after the company announced a deal to raise US$150 million in an offering of convertible debt.

STELLARTON, N.S. — David Sobey, a former chief executive and chair of the Sobeys Inc. grocery store chain, has died. He was 92 years old. Empire Co. Ltd.

NEW YORK (AP) — Stocks are drifting again as Wall Street waits for the Federal Reserve’s latest decision on interest rates. The S&P 500 was off 0.2% early Tuesday. The Dow slipped 37 points and the Nasdaq composite was down 0.4%.