National Business

OTTAWA — Canadians have less cash to spend even as they are taking on more debt, Statistics Canada reported Wednesday, at a time when interest rates are the highest they've been in decades.

WASHINGTON (AP) — Wholesale prices in the United States dropped 0.3% from April to May, another sign that inflationary pressures continue to ease in the face of repeated interest rate hikes by the Federal Reserve.

Aurora Cannabis Inc. is on the hunt for more savings after wrapping a transformation plan that delivered at least $400 million in savings over the last three years.

LONDON (AP) — Shell has effectively abandoned a plan to cut oil production by 1-2% per year until the end of the decade, instead maintaining output at current levels in a move that risks angering climate activists.

BRUSSELS (AP) — European Union regulators hit Google with fresh antitrust charges Wednesday, saying the only way to satisfy competition concerns about its lucrative digital ad business is by selling off parts of the tech giant's main moneymaker .

TORONTO — Canaccord Genuity Group Inc. says a proposed management buyout of the firm will not go ahead after key conditions of the offer, including required regulatory approvals, were not received by the offer's expiry time.

KYIV, Ukraine (AP) — Russian President Vladimir Putin suggested Tuesday that he could order his troops to try to seize more land in Ukraine to protect bordering Russian territory — a threat with questionable credibility because the Kremlin lacks full

A US$8.2-billion merger between U.S. company Bunge Ltd. and Viterra Ltd. will create a global agricultural giant in an industry that has already seen a significant amount of consolidation in recent years.

MONTREAL — Air Canada pilots have kickstarted the bargaining process with their employer in a move that comes days after their fellow union members at WestJet ratified a new collective agreement.

Wildfires across Canada are forcing some forestry companies to pause operations, particularly in Quebec.