National Business

NEW YORK (AP) — Stocks are dropping in early trading on Wall Street as bond yields get back to rising, putting the squeeze back on markets. The S&P 500 was 1.6% lower Thursday and on pace for its seventh drop in the last eight days.

OTTAWA — The Canadian economy grew slightly in July with the latest reading on real gross domestic product coming in higher than expected. Statistics Canada said Thursday that the economy grew by 0.

COPENHAGEN, Denmark (AP) — NATO said Thursday it would retaliate for any attacks on the critical infrastructure of the 30-member-countries organization as it suggested that damage to two gas pipelines off Denmark and would-be member Sweden in interna

WASHINGTON (AP) — Battered by surging consumer prices and rising interest rates, the U.S. economy shrank at a 0.6% annual rate from April through June, the government announced Thursday, unchanged from its previous second-quarter estimate.

BERLIN (AP) — Germany plans to spend up to 200 billion euros ($195 billion) helping consumers and businesses cope with surging energy prices, particularly for natural gas , due to the war in Ukraine.

KYIV, Ukraine (AP) — Russia on Friday will formally annex occupied parts of Ukraine where it held Kremlin-orchestrated “referendums” in which it claimed that residents had voted overwhelmingly to live under Moscow’s rule.

CALGARY — Enbridge Inc. says it has bought Tri Global Energy (TGE), a U.S. renewable power project developer, for US$270 million in cash and assumed debt.

TORONTO — Equitable Bank says the federal finance minister has approved the company's deal to buy digital rival Concentra Bank. The Toronto-based bank says no further regulatory or shareholder approvals are required in the acquisition.

OTTAWA — Senior federal bureaucrats examined whether cryptocurrencies protect against inflation not long after Opposition Leader Pierre Poilievre made the claim as a candidate in the Conservative leadership race, according to an internal government d

LONDON (AP) — British Prime Minister Liz Truss on Thursday defended her economic plan and shrugged off the negative reaction from financial markets, saying she’s willing to make “difficult decisions” to get the economy growing.