National Business

OTTAWA — May inflation figures showed marginal improvements in some of the Bank of Canada's closely watched price figures — a step in the right direction, some economists say, but likely not enough to convince the central bank to cut interest rates.

BlackBerry Ltd. reported a net profit of US$1.9 million during the first quarter, compared to a net loss of US$41.4 million a year earlier.

VICTORIA — There is less than a year to go before Vancouver is on the global stage hosting seven FIFA World Cup soccer games, and leaders are promoting the economic benefits of spending hundreds of millions of dollars on the international showcase.

CALGARY — Fuel refiner and retailer Parkland Corp. says shareholders have voted in favour of its planned takeover by U.S. company Sunoco LP.

TORONTO — Strength in technology stocks helped Canada's main stock index climb over 100 points on Tuesday, while U.S. markets also rose and oil prices fell. The S&P/TSX composite index closed 109.26 points higher at 26,718.62. A rally in the U.S.

NEW YORK (AP) — U.S. stocks rose toward their all-time high on Tuesday after oil prices eased further on hopes that Israel’s war with Iran will not damage the global flow of crude. The S&P 500 climbed 1.

FREDERICTON — On a visit to New Brunswick, the governor of Maine issued renewed pleas for Canadian tourists to return to the United States, despite their apparent anger over the political climate.

THE HAGUE — Canada will reach an even higher NATO spending target in part by developing its critical minerals and the infrastructure needed to get them to market, Prime Minister Mark Carney said as the annual leaders' summit of alliance members got u

CALGARY — Oilsands output is forecast to hit a new record this year and add another half a million barrels a day from last year's levels by 2030 despite global crude price uncertainty, S&P Global Commodity Insights says in a new report.

OTTAWA — A peer review of fossil fuel subsidies between Canada and Argentina — already years behind schedule — stalled after Argentina ceased communication following its 2023 election and change in government.