National Business

FRANKFURT, Germany (AP) — Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to supply by major producing countries in the OPEC+ alliance failed

CALGARY — Boil-water advisories in three Calgary communities that went into effect late last week have been lifted.

OTTAWA — Momentum in the Canadian economy is spurring speculation that a rate hike is on the way, but economists don't expect the Bank of Canada to pull the trigger this week.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Bank of Canada The Bank of Canada will release its latest interest rate decision on Wednesday followed by a speech by deputy governor Paul Beaudry on Thursday.

WASHINGTON (AP) — With just two days to spare , President Joe Biden signed legislation on Saturday that lifts the nation’s debt ceiling , averting an unprecedented default on the federal government’s debt.

WASHINGTON (AP) — President Joe Biden celebrated a “crisis averted" in his first speech to the nation from the Oval Office Friday evening, ready to sign a budget agreement that eliminates the potential for an unprecedented government default that he

CALGARY — Experts say 1,500 recently announced job losses at Suncor Energy Inc. are an example of the type of "collateral damage" that can occur when an activist investor comes calling.

CALGARY — A boil-water advisory remains in effect for three communities in southwest Calgary after a water main break at a nearby construction site.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (20,024.63, up 352.38): Suncor Energy Inc. (TSX:SU). Energy. Up 71 cents, or 1.84 per cent, to $39.25 on 22.5 million shares.

WASHINGTON (AP) — The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of enduring strength in an economy that the Federal Reserve is desperately trying to cool .