National Business

WASHINGTON (AP) — A sharply divided Supreme Court on Friday effectively killed President Joe Biden’s $400 billion plan to cancel or reduce federal student loan debts for millions of Americans. “This fight is not over,” he said.

OTTAWA — Businesses continue to see larger-than-normal wage and price increases ahead, but those expectations are shifting closer to what they were before the pandemic, a new survey by the Bank of Canada suggests.

WASHINGTON (AP) — In a defeat for gay rights, the Supreme Court's conservative majority ruled on Friday that a Christian graphic artist who wants to design wedding websites can refuse to work with same-sex couples.

OTTAWA — Statistics Canada says the Canadian economy remained essentially unchanged in April, following a slight uptick in March.

WASHINGTON (AP) — An inflation index that is closely monitored by the Federal Reserve tumbled last month to its lowest level since April 2021, pulled down by lower gas prices and slower-rising food costs.

LONDON (AP) — More than 150 company executives are urging the European Union to rethink the world's most comprehensive rules for artificial intelligence , saying Friday that upcoming regulations will make it harder for companies in Europe to compete

TORONTO — Hydro One Inc. says it has reached tentative agreements covering two contracts with the Power Workers' Union, which represents the company's front-line workers. Details of the proposed settlements were not immediately available.

The word "crisis" comes up quickly when speaking with those who run food banks across Canada.

ISLAMABAD (AP) — The International Monetary Fund agreed to provide $3 billion to Pakistan — a long-awaited relief to bail out the impoverished country's ailing economy.

CALGARY — Lynx Air says president and CEO Merren McArthur is stepping down for personal reasons. The Calgary-based airline says its founding CEO will continue in the role until the end of September to allow time to find her replacement.