National Business

Fake listings have emerged as a major problem for Airbnb, threatening to scare off consumers and prompting the short-term rental service to use AI in an effort to crack down on fraudsters.

WASHINGTON (AP) — The Federal Reserve left its benchmark interest rate unchanged Wednesday for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased.

CALGARY — A growing number of forecasts are calling for the return of US$100 oil before the end of the year — a prospect that could put even more pressure on consumers and make it harder for central bankers to rein in inflation.

MONTREAL — Travellers and the transportation sector at large have been rattled by the sudden ramp-up in tensions between Canada and India, but see no reason to rethink their overseas plans for now.

MONTREAL — Canada's biggest airline says an unauthorized group briefly breached an internal system linked to the personal information and records of some employees.

TORONTO — Weakness in energy and mining stocks outweighed strength elsewhere on Canada's main stock index Wednesday, which lost just a handful of points, while U.S. markets fell near the end of the day after the U.S.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,214.69, down 4.20 points): Canopy Growth Corp. (TSX:WEED). Healthcare. Down 20 cents, or 14.49 per cent, to $1.18 on 16.

MONTREAL — Nuvei Corp. says chief executive and chair Philip Fayer has acquired more shares in the company.

NEW YORK (AP) — U.S. stocks slumped after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought, regardless of how much Wall Street wants it. The S&P 500 fell 0.9% Wednesday.

TORONTO — The union representing workers at Ford Motor Co. facilities in Canada says its tentative deal with the company includes "transformative" gains, with one observer suggesting significant wage increases are likely.