National Business

NEW YORK (AP) — Most U.S. stocks slumped after strong economic reports raised the possibility of interest rates staying painfully high.

HALIFAX — A new agreement between Nova Scotia and the owner of Northern Pulp will see the company abandon plans to reopen its idled Pictou County mill and instead focus on building a new plant in southwestern Nova Scotia.

TORONTO — TD Bank Group's second-quarter profit fell 22 per cent from last year as it booked costs related to a high-profile failure of its U.S. anti-money laundering program.

The number of Americans applying for unemployment benefits fell last week as layoffs remained historically low despite the Federal Reserve's efforts to loosen the labor market.

MONTREAL — Lightspeed Commerce Inc. has signed a North American partnership deal with Uber to integrate Uber Direct and Uber Eats marketplace into its platform.

A recent dispute over the use of a voice similar to Hollywood actor Scarlett Johansson by the maker of ChatGPT is another example of the complexities of generative artificial intelligence and the ethical debate around the technology.

SAN FRANCISCO (AP) — Nvidia on Wednesday overshot Wall Street estimates as its profit skyrocketed, bolstered by the chipmaking dominance that has made the company an icon of the artificial intelligence boom.

WHITEHORSE — Canada and the United States are suspending all fishing for Canadian-origin Yukon River chinook salmon for seven years in an attempt to protect the dwindling species.

CALGARY — WestJet Airlines plans to launch a new cheaper fare category that would be available to travellers willing to fly without a carry-on bag.

WASHINGTON (AP) — High mortgage rates and rising prices continued to put a damper on the spring homebuying season last month. Existing home sales fell 1.9% to a seasonally adjusted annual rate of 4.14 million in April from a revised 4.