National Business

TORONTO — Canada's main stock index closed lower Friday on broad-based losses, while U.S. stock markets also closed down despite earlier gains. The S&P/TSX composite index ended down 66.37 points at 21,875.79 as energy and industrials fell.

Stocks drifted lower on Wall Street, erasing the S&P 500’s gains for the week. The S&P 500 slipped 0.4% Friday, but remains close to the record high it set last week. The Nasdaq composite fell 0.7% and the Dow slipped 0.1%.

TORONTO — Canadian insolvencies rose in May from last year as elevated inflation and interest rates continue to hit businesses and consumers.

VANCOUVER — U.S. grocery chain owner, the Save Mart Companies, says it has been acquired by the Jim Pattison Group.

WASHINGTON (AP) — The Supreme Court on Friday upended a 40-year-old decision that made it easier for the federal government to regulate the environment, public health, workplace safety and consumer protections, delivering a far-reaching and potential

HALIFAX — The private lending firm that pushed Atlantic Canada's largest newspaper chain into insolvency in March says negotiations aimed at selling SaltWire Network Inc. and The Halifax Herald Ltd. have reached a crucial phase.

Two NASA astronauts will stay longer at the International Space Station as engineers troubleshoot problems on Boeing’s new space capsule that cropped up on the trip there.

MONTREAL — Rio Tinto and the Quebec government are investing $375 million to build a demonstration plant that will use carbon free aluminum smelting cells at the company's Arvida smelter in the province.

WASHINGTON (AP) — A measure of prices that is closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease.

OTTAWA — Canadian economic growth rebounded in April, but early indications suggested it failed to maintain the momentum into May. Statistics Canada said Friday real gross domestic product grew 0.