National Business

NEW YORK — Stocks closed broadly lower on Wall Street Monday, adding to their hefty losses from last week when the Federal Reserve pledged to keep interest rates high as long as it takes to tame inflation. The S&P 500 fell 0.

TORONTO — A new TD Bank report suggests the average price of a home in Canada could fall between 20 and 25 per cent from its peak seen earlier this year to the first quarter of 2023.

OTTAWA — Canada's Competition Tribunal has ruled that the Rogers Communications Inc. July 8 service outage is relevant to the upcoming hearings on the telecom giant's $26-billion takeover of Shaw Communications Inc.

CAPE CANAVERAL, Fla. (AP) — NASA called off the launch of its mighty new moon rocket on its debut flight with three test dummies aboard Monday after a last-minute cascade of problems culminating in unexplained trouble related to an engine.

TORONTO — The union representing almost 1,500 Loomis Express workers in eight provinces say they have served strike notice. Unifor says the workers will be in a legal strike position at 12:01 a.m. Wednesday in their respective time zones.

TORONTO — RBC's climate policies have been deemed mild enough to pass a Texas test on whether banks are boycotting oil and gas companies. State Comptroller Glenn Hegar last week named 10 financial institutions including BlackRock Inc.

FREDERICTON — Milk will cost a bit more for people in New Brunswick starting this week. The New Brunswick Farm Products Commission says milk will cost 6.5 cents more per litre beginning Sept. 1.

HALIFAX — Chorus Aviation Inc. says its subsidiary Falko Regional Aircraft Ltd. has signed agreements to sell eight aircraft for a total of US$45 million in net proceeds after related debt repayments and estimated tax provisions.

TORONTO — Conversations about so-called quiet quitting are everywhere these days, and one expert says it's a "profound opportunity" for Canadian companies to both get it right with employees and improve the work landscape for the future.

KYIV (AP) — A U.N.