National Business

WASHINGTON (AP) — President Joe Biden and congressional Republicans are still far from resolving the looming U.S.

CALGARY — Some oil and gas companies in Alberta are once again shutting in production as hot and dry conditions exacerbate the wildfire situation in the energy-producing province.

LITTLE HARBOUR, N.S. — Officials say a small wildfire near Nova Scotia's southern coast is about 60 per cent under control and residents will be able to return to their homes.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,242.07, down 297.90): Enbridge Inc. (TSX:ENB). Energy. Down $1.98, or 3.80 per cent, to $50.08 on 14.6 million shares.

MONTREAL — The travel plans of WestJet customers are up in the air after its pilots' union issued a 72-hour strike notice Monday night. The gambit by the Air Line Pilots Association kicked off a countdown to a flight crew walkout at 3 a.m.

TORONTO — Canada's main stock index fell almost 300 points Tuesday on the heels of new data showing inflation ticked higher in April, while U.S. stock markets also moved lower. The S&P/TSX composite index was down 297.90 points at 20,242.

NEW YORK (AP) — Most stocks fell on Wall Street after Home Depot warned of flagging sales, the latest discouraging signal for an economy under pressure. The S&P 500 lost 0.

WASHINGTON (AP) — President Joe Biden is curtailing his upcoming trip to the Indo-Pacific, scrapping what was to be a historic stop in Papua New Guinea as well as a visit to a Australia for gathering with fellow leaders of the so-called Quad partners

OTTAWA — The first increase in annual inflation since its June 2022 peak was driven in part by higher mortgage interest costs and higher rent prices, Statistics Canada said Tuesday

OTTAWA — Statistics Canada says manufacturing sales rose 0.7 per cent to $72.3 billion in March, boosted by gains in the motor vehicle, aerospace product and parts, and primary metal industries. The increase followed a drop of 3.