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Consumer prices shot up 0.8% in April as worries escalate

Consumer prices shot up 0.8% in April as worries escalate

WASHINGTON (AP) — A worrisome bout of inflation struck the U.S. economy in April, with consumer prices for goods and services surging 0.
WSP Global reports big increase in first-quarter net profits despite dip in revenues

WSP Global reports big increase in first-quarter net profits despite dip in revenues

MONTREAL — WSP Global Inc. is reporting a big increase in net profits in the first quarter despite lower net revenues. The Montreal-based engineering firm says its net earnings attributable to shareholders was $87.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,107.77, down 166.27 points.) Enbridge Inc. (TSX:ENB). Energy. Up 11 cents, or 0.23 per cent, to $48.30 on 12.8 million shares.
Global chip shortage, pandemic demand drive up home appliance prices

Global chip shortage, pandemic demand drive up home appliance prices

A global shortage of computer chips, along with a surge in demand during the pandemic, has driven up prices of home appliances. Guelph, Ont.
Energy helps to cushion inflation worries as TSX drops less than U.S. markets

Energy helps to cushion inflation worries as TSX drops less than U.S. markets

TORONTO — North American stock markets closed lower for a third day this week as U.S. inflation numbers raised concerns about central banks increasing interest rates earlier than forecast.
Cybersecurity experts say Canadian businesses can learn from U.S. pipeline attack

Cybersecurity experts say Canadian businesses can learn from U.S. pipeline attack

TORONTO — Canada's two largest pipeline companies say they have taken a proactive approach to avoid the type of cyberattack that has disrupted gasoline supplies in the U.S.
Vaccines, oil prices and Husky takeover boost Cenovus outlook, says CEO Alex Pourbaix

Vaccines, oil prices and Husky takeover boost Cenovus outlook, says CEO Alex Pourbaix

CALGARY — The CEO of Cenovus Energy Inc. says he's optimistic that his oil and gas company's second consecutive online annual shareholders meeting webcast on Wednesday will be its last.
Natural gas straddle plant designed to reduce oilsands emissions with cleaner fuel

Natural gas straddle plant designed to reduce oilsands emissions with cleaner fuel

CALGARY — In the latest project designed to green the oilsands industry, Wolf Midstream says it will build a facility to strip petroleum liquids from natural gas used in operations near Fort McMurray, Alta.
Transat extends flight suspension until end of July due to COVID travel restrictions

Transat extends flight suspension until end of July due to COVID travel restrictions

MONTREAL — Air Transat has extended the suspension of its flights until July 29, due to continued travel restrictions in Canada and abroad.
Former investment executive gets 3 months in college scam

Former investment executive gets 3 months in college scam

BOSTON (AP) — A former private equity executive who cofounded an investment fund with U2′s Bono was sentenced Wednesday to three months in prison for his role in the college admissions bribery scheme. William McGlashan, Jr.