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Faint hope as 'banging' noise detected in deep-sea search for sub near Titanic

Faint hope as 'banging' noise detected in deep-sea search for sub near Titanic

HALIFAX — Underwater noises described as “banging” have been heard in an area of the Atlantic where a submersible disappeared three days ago near the wreck of the Titanic, search officials confirmed Wednesday. However, U.S. Coast Guard Capt.
BoC debated waiting until July to hike rates, but says data prompted it to act sooner

BoC debated waiting until July to hike rates, but says data prompted it to act sooner

OTTAWA — The Bank of Canada's governing council considered waiting until July to raise interest rates, but ultimately decided to act sooner in the face of hot economic data.
Fed's Powell: More rate hikes are likely this year to fight still-high inflation

Fed's Powell: More rate hikes are likely this year to fight still-high inflation

WASHINGTON (AP) — With inflation in the United States still excessive, most Federal Reserve officials expect to raise interest rates further this year, Chair Jerome Powell told a House committee Wednesday.
Retail sales grow 1.1 per cent in April as consumer resiliency continues

Retail sales grow 1.1 per cent in April as consumer resiliency continues

OTTAWA — Canadian retail sales came in stronger than initially estimated, as analysts say consumers proved resilient amid an economically challenging environment but that momentum is expected to slow. Retail sales rose 1.1 per cent to $65.
Baytex Energy closes Ranger acquisition, significantly increases Texas presence

Baytex Energy closes Ranger acquisition, significantly increases Texas presence

CALGARY — Baytex Energy Corp. says it has closed its $2.9-billion acquisition of U.S. oil company Ranger Oil Corp. The deal, first announced in February, grows Calgary-based Baytex's presence in the Eagle Ford shale region of south Texas.
Tech, human rights groups call on Ottawa to take action on facial recognition, AI

Tech, human rights groups call on Ottawa to take action on facial recognition, AI

OTTAWA — A group of technology and human rights organizations are calling on the federal government to take immediate action to address concerns around artificial intelligence and facial recognition technology.
European Union countries agree on a new package of sanctions against Russia over the war in Ukraine

European Union countries agree on a new package of sanctions against Russia over the war in Ukraine

BRUSSELS (AP) — European Union countries on Wednesday agreed on a new package of sanctions against Russia for its war against Ukraine aimed at countering sanctions circumvention through third countries and businesses.
Allied Properties selling Toronto data centre portfolio for $1.35 billion

Allied Properties selling Toronto data centre portfolio for $1.35 billion

TORONTO — Allied Properties Real Estate Investment Trust says it has signed a deal to sell its urban data centre portfolio in downtown Toronto to Japanese telecommunications company KDDI Corp. for $1.35 billion.
Canadian plane detects underwater noise in sub search at Titanic wreck site

Canadian plane detects underwater noise in sub search at Titanic wreck site

A Canadian aircraft has detected underwater noise during its search for a lost sub near the wreck of the Titanic in the Atlantic Ocean. The U.S.
Ottawa aims to shed more light on how well airports are working as travel ramps up

Ottawa aims to shed more light on how well airports are working as travel ramps up

The federal government moved this week to bolster accountability at airports, introducing new legislation that would compel them and other operators to cough up more information on their performance.