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S&P/TSX composite closes down almost 100 points as tariffs weigh on market

S&P/TSX composite closes down almost 100 points as tariffs weigh on market

TORONTO — A sharp increase in tariffs the U.S. put on Canadian steel and aluminum Wednesday weighed on markets but investors were relieved Donald Trump’s latest attack didn’t exact the same damage as prior rounds.
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NS Power CEO, staff grilled over breach that allowed theft of 280,000 customers' data

NS Power CEO, staff grilled over breach that allowed theft of 280,000 customers' data

HALIFAX — Nova Scotians have lost trust in the province's largest electric utility, provincial politicians said Wednesday during a heated committee meeting that raised tough questions about the recent ransomware attack on Nova Scotia Power.
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Steel industry, labour leaders call for government action as U.S. tariffs spike

Steel industry, labour leaders call for government action as U.S. tariffs spike

TORONTO — Canada's steel industry needs the federal government to take swift action as it faces an existential threat from steeply increased U.S. tariff, said Catherine Cobden, head of the Canadian Steel Producers Association.
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Wall Street drifts following some discouraging updates on the economy

Wall Street drifts following some discouraging updates on the economy

NEW YORK (AP) — U.S. stocks drifted through a quiet day of trading as Wall Street’s momentum slowed following its big recent rally. The S&P 500 was essentially flat Wednesday and is within 2.8% of its all-time high.
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Inflation volatility, tariff uncertainty keep Bank of Canada sidelined

Inflation volatility, tariff uncertainty keep Bank of Canada sidelined

OTTAWA — The unpredictability of the United States' trade war and signs of creeping inflation kept the Bank of Canada's interest rate on hold for a second consecutive decision on Wednesday — even as the central bank braces for an economic hit.
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BC Hydro seeks baseload power boost from stable sources

BC Hydro seeks baseload power boost from stable sources

VANCOUVER — British Columbia's power utility has begun the process to boost the province's baseload electricity generation capacity in a bid to meet the province's growing demand from residents and industries.
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Telecom networks increasingly vulnerable to cyberattacks, experts warn

Telecom networks increasingly vulnerable to cyberattacks, experts warn

TORONTO — Technology experts say telecommunications networks are increasingly susceptible to security threats and that companies should leverage artificial intelligence to help protect their infrastructure.
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Competition Bureau urges retailers and landlords to drop property controls

Competition Bureau urges retailers and landlords to drop property controls

OTTAWA — The Competition Bureau is urging retailers and landlords to drop or change competitor property controls that are not justified even if they do not raise issues under the Competition Act.
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Greater Toronto home sales fall 13.3 per cent in May as inventory levels rise: board

Greater Toronto home sales fall 13.3 per cent in May as inventory levels rise: board

TORONTO — Home sales in the Greater Toronto Area remained weak in May while inventory levels were up — giving more negotiating leverage to potential homebuyers.
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Auto sales up 7.9% in May, market remains resilient in face of tariffs: DesRosiers

Auto sales up 7.9% in May, market remains resilient in face of tariffs: DesRosiers

DesRosiers Automotive Consultants Inc. says the auto market remained resilient last month as sales were up 7.9 per cent year-over-year despite trade disruptions in the auto industry.
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