National Business

OTTAWA — The federal government posted a surplus of $6.3 billion for the first four months of its 2022-23 fiscal year. The Finance Department says the result for the April-to-July period compared with deficit of $47.

TORONTO — Glencore International AG is increasing its stake in Yamana Gold Inc.'s Mara project with a deal to buy Newmont Corp.'s 18.75 per cent interest. Yamana will remain the Mara joint venture operator with a 56.

TORONTO — Dye & Durham Ltd. says it has called off its proposed acquisition of Australian company Link Administration Holdings Ltd.

LONDON (AP) — Britain’s new government on Friday announced a sweeping plan of tax cuts it said would be funded by borrowing and revenues generated by anticipated growth, as part of contentious moves to combat the cost-of-living crisis and bolster a f

HONG KONG (AP) — Hong Kong’s leader announced the city would no longer require incoming travelers to quarantine in designated hotels as the city seeks to open up globally after nearly two years.

MIAMI (AP) — Executive directors of the Inter-American Development Bank voted unanimously Thursday to recommend firing a former Trump official as president of the Washington-based institution, a person familiar with the vote said.

Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,002.68, down 181.86 points) TC Energy Corp. (TSX:TRP). Energy. Down 15 cents, or 0.24 per cent, to $62.51 on 8.8 million shares.

BANFF, Alta. — Preventing current high inflation levels from becoming embedded into the public's expectations is key if the country is to avoid falling into recession, former Bank of Canada governor Stephen Poloz said Thursday.

TORONTO — Canadian and U.S. markets were again under pressure Thursday after the Federal Reserve rate decision a day earlier indicated more rate hikes, and economic pain, to come.

BEIJING — Stocks closed lower on Wall Street, deepening their losses for the week, as central banks around the world raised interest rates to fight inflation. The S&P 500 fell 0.8% Thursday.