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Utility and tech stocks help boost S&P/TSX composite, U.S. stock markets also up

Utility and tech stocks help boost S&P/TSX composite, U.S. stock markets also up

TORONTO — Strength in technology and utility stocks helped Canada's main stock index climb in late-morning trading, while U.S. stock markets also rose. The S&P/TSX composite index was up 66.75 points at 22,310.09.
CMHC reports annual pace of housing starts in April down 1% from March

CMHC reports annual pace of housing starts in April down 1% from March

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in April edged down one per cent compared with March.
US inflation eased last month in the first slowdown of 2024

US inflation eased last month in the first slowdown of 2024

WASHINGTON (AP) — Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Bid
Retail sales were unchanged in April from March as inflation and interest rates curb spending

Retail sales were unchanged in April from March as inflation and interest rates curb spending

NEW YORK (AP) — Americans unexpectedly paused their spending in April from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome.
National home sales in April up 10% compared with year ago, but monthly sales slow

National home sales in April up 10% compared with year ago, but monthly sales slow

OTTAWA — The Canadian Real Estate Association says the number of home sales in April rose 10.1 per cent compared with a year ago, but attributed the gain primarily to the early Easter long weekend.
Stock market today: Wall Street opens higher following report that inflation eased last month

Stock market today: Wall Street opens higher following report that inflation eased last month

NEW YORK (AP) — Stocks are rising with hope that inflation is finally heading back in the right direction. The S&P 500 is flirting with the record it set a month and a half ago. A stall in spending by U.S.
AtkinsRéalis Q1 profit and revenue up from year ago, raises nuclear business outlook

AtkinsRéalis Q1 profit and revenue up from year ago, raises nuclear business outlook

MONTREAL — AtkinsRéalis reported its first-quarter profit attributable to shareholders rose to $45.5 million as its revenue increased nearly 20 per cent compared with a year ago. The company formerly known as SNC-Lavalin Group Inc.
Statistics Canada says manufacturing sales down 2.1% at $69.9B in March

Statistics Canada says manufacturing sales down 2.1% at $69.9B in March

OTTAWA — Statistics Canada says manufacturing sales fell 2.1 per cent to $69.9 billion in March as sales of petroleum and coal products and motor vehicles fell. The agency says sales of petroleum and coal products dropped 8.0 per cent to $8.
Ontario to change how it compensates injured migrant workers

Ontario to change how it compensates injured migrant workers

TORONTO — Ontario will revamp how it compensates injured migrant workers.
Driver of pickup that collided with farmworker bus in Florida, killing 8, is arrested on DUI charges

Driver of pickup that collided with farmworker bus in Florida, killing 8, is arrested on DUI charges

OCALA, Fla. (AP) — The Florida Highway Patrol has arrested the driver of a pickup truck that crashed into a farmworker bus early Tuesday, killing eight, on charges of driving under the influence-manslaughter.