National Business

TORONTO — Canada's main stock index closed down despite strength in the energy sector, while U.S. markets also moved lower over rising fears that the conflict between Israel and Iran could escalate.

NEW YORK (AP) — U.S. stocks slumped under the weight of a jump for the price of oil. The S&P 500 fell 0.8% Tuesday following signals that Israel’s conflict with Iran may be worsening and that one of the U.S. economy’s main engines is weakening.

OTTAWA — New meeting records show the Bank of Canada's top decisionmakers were weighing an interest rate cut earlier this month but didn't feel like they knew enough about how the tariff dispute with the United States would unfold to pull the trigger

DHL Express Canada plans to shut down operations across the country this week amid a strike and lockout involving 2,100 truck drivers and other workers, adding to turmoil in the parcel market.

WASHINGTON (AP) — Retail sales fell sharply in May as consumers pulled back from a spending surge early this year to get ahead of President Donald Trump’s sweeping tariffs on nearly all imports. Sales at retail stores and restaurants dropped 0.

WASHINGTON (AP) — An Illinois toy company challenged President Donald Trump’s tariffs in front of the Supreme Court on Tuesday in a long shot bid to press the justices to quickly decide whether they are legal. Learning Resources Inc.

BRASILANDIA, Brazil (AP) — Brazil auctioned off several land and offshore potential oil sites near the Amazon River on Tuesday as it aims to expand production in untapped regions despite protests from environmental and Indigenous groups .

BRASILANDIA, Brazil (AP) — Brazil auctioned off several land and offshore potential oil sites near the Amazon River on Tuesday as it aims to expand production in untapped regions despite protests from environmental and Indigenous groups .

Groupe Dynamite Inc.'s CEO says tariffs aren't blunting the appeal of a new cute top.

TORONTO — Canadian banks were once again ranked as among the world's top fossil fuel financiers in a report that showed overall funding rose in 2024 despite it being the hottest year on record.