National Business

NEW YORK — Asian markets skidded lower on Wednesday after Wall Street fell the most since June 2020 as a report showed inflation has kept a surprisingly strong grip on the U.S. economy. Tokyo’s benchmark Nikkei 225 lost 2.

TORONTO — The first Canadian edition of the Michelin Guide was announced Tuesday. Restaurants deemed to have exceptional cuisine are given a ranking of one, two or three stars.

NEW YORK (AP) — The Emmy Awards hit a new low in viewership on Monday night, with its estimated audience of 5.9 million people even smaller than the COVID-19-disrupted ceremony two years ago.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,645.40, down 341.83 points.) Suncor Energy Inc. (TSX:SU). Energy. Down 51 cents, or 1.21 per cent, to $41.60 on 13.6 million shares.

TORONTO — North American markets tumbled Tuesday after the latest reading on U.S. inflation disappointed traders, with Canada's main stock index down more than 300 points and all three major U.S.

WASHINGTON (AP) — Lower gas costs slowed U.S. inflation for a second straight month in August, but most other prices across the economy kept rising — evidence that inflation remains a heavy burden for American households. Consumer prices rose 8.

IQALUIT, Nunavut — Sabina Gold and Silver Corp. says it will begin construction on a gold mine in southwestern Nunavut next year. President and chief executive officer Bruce McLeod says it's a milestone decision for the company.

TORONTO — A new study has found that the pandemic provided Canadians the opportunity to rethink their financial goals, with many moving, switching careers and planning to travel.

Rent-to-own initiatives can offer a pathway to home ownership for some Canadians, but experts warn it may not be for everyone.

Canadian clothing retailer Roots Corp. is heading into its busiest sales period with strong inventory levels and a "pack and hold" plan to deal with unsold merchandise.