National Business

WASHINGTON (AP) — U.S. wholesale inflation cooled last month, despite worries that President Donald Trump’s tariffs would push prices higher for goods before they reach consumers.

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in June edged up 0.4 per cent compared to May.

TORONTO — Ontario should rejig its programs meant to support auto businesses through the impact of tariffs and associated economic uncertainty, as the way they're currently structured is leaving small businesses in the lurch, an advocacy group says i

RICHMOND — RCMP say they've arrested the pilot of a small aircraft that was allegedly hijacked from Victoria and flown to Vancouver International Airport, where other flights had to be temporarily halted. RCMP in Richmond, B.C.

WASHINGTON (AP) — President Donald Trump told reporters Tuesday that he plans to place tariffs of over 10% on smaller countries, including nations in Africa and the Caribbean.

HALIFAX — Via Rail wants to use refurbished rail cars to improve service between Halifax and Montreal, but the CEO of the Crown corporation can't say whether doing so will increase the frequency of trains on the line.

McDonald's Canada announces Annemarie Swijtink as its new CEO. Swijtink is currently the managing director of McDonald's Netherlands and has held the position since June 2022.

TORONTO — Canada's main stock index fell more than 140 points to finish trading Tuesday, while U.S. stock markets were mixed as investors saw fresh inflation data from both countries. The S&P/TSX composite index was down 144.71 points at 27,054.

Ontario’s main beer retailer says it's closing another 10 stores across the province due to changing market conditions.

TORONTO — B.C. billionaire Ruby Liu and her bid to buy up to 25 Hudson’s Bay leases was due to come under further scrutiny in court Tuesday — but the battle was waylaid when she showed up with no lawyer or materials to aid in making her case.