National Business

WASHINGTON (AP) — A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year.

Shares of Trump Media & Technology Group, the owner of social networking site Truth Social , are climbing shortly after the opening bell Friday after former President Donald Trump was convicted in his hush money trial.

EDMONTON — CWB Financial Group raised its quarterly dividend to 35 cents per common share, up one cent from its previous quarter, as it reported its second-quarter profit rose compared with a year ago.

FRANKFURT, Germany (AP) — Inflation ticked up to an annual 2.6% in Europe in May, according to official figures on Friday. That's more than expected as a painful spike in consumer prices takes its time to fade away .

Loblaw is testing smaller-format discount stores across the country this year as shoppers increasingly look for ways to save on their grocery bill.

TORONTO — For the first time in more than a decade, "BlackBerry" dominated on Thursday night — at least at a Canadian Screen Awards gala.

WASHINGTON (AP) — The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the weakest quarterly rate since the spring of 2022, the government said Thursday in a downgrade from its previous estimate.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (22,071.71, up or down 173.73): Suncor Energy Inc. (TSX:SU). Energy. Up 10 cents, or 0.18 per cent, to $54.57 on 9.8 million shares.

WestJet Encore and its pilots reached a deal Thursday after two weeks of negotiations, steering clear of a potential strike this week.

ST. JOHN'S, N.L. — The Newfoundland and Labrador government revealed Thursday that it plans to take Ottawa to court over the federal equalization program, saying it puts Canada’s easternmost province at a disadvantage.