National Business

MONTREAL — AtkinsRéalis Group Inc. says it plans to sell its stake in the company that owns the Highway 407 ETR toll highway north of Toronto by the end of 2027.

WASHINGTON (AP) — Wholesale price increases fell in May, the latest sign that inflation pressures in the United States may be easing as the Federal Reserve considers a timetable for cutting interest rates.

OTTAWA — Statistics Canada says the amount Canadians owe relative to their income in the first quarter edged lower compared with the fourth quarter of 2023 as growth in household disposable income outpaced the growth in debt.

EDMONTON — Alberta Premier Danielle Smith says she's bringing the province's energy "war room" under the purview of her office because she needs to take on the fight with Ottawa on behalf of the energy industry.

CALGARY — Calgary's water use is creeping back up, despite conservation pleas from city officials as crews scramble to fix a massive water main break. "We — you and I — need to keep reducing our water usage," Mayor Jyoti Gondek said Wednesday.

TORONTO — Corus Entertainment Inc. says it has "made some changes" at Global News, citing the same headwinds that have led to massive cuts at other media outlets.

Celine Dion is opening up about her life-altering neurological disorder ahead of the release of her documentary, "I Am: Celine Dion.

SASKATOON, Sask. — Nutrien says it's no longer pursuing its Geismar clean ammonia project as part of a move to simplify its portfolio and focus on its core assets. The company made the announcement in a press release ahead of its annual investor day.

WASHINGTON (AP) — Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year.

Shares of Canadian Western Bank surged Wednesday on the news National Bank was buying it at a $5-billion valuation, while shares of other mid-sized banks also saw some gains as the acquisition trend continued. CWB shares closed up 68.