National Business

OTTAWA — The Bank of Canada is moving ahead with another hike to its key policy rate in the face of decades-high inflation rates and record-low unemployment rates.

TORONTO — The Toronto Star, one of Canada's largest daily newspapers, says it has chosen a new president and CEO. The newspaper says Marina Glogovac will move into the top executive role on June 1.

DEER LAKE, N.L. — Unifor's national secretary-treasurer has joined the race to replace Jerry Dias as head of Canada's largest private sector union. Lana Payne announced her candidacy for national president today on Facebook.

OTTAWA — When the pandemic first hit, the world shouted "cut." Cameras stopped rolling, film sets went black and stars with seven-figure salaries were sent back to their hotel rooms.

LONDON (AP) — FIFA is getting into the streaming platform business with a soccer version of Netflix and Amazon Prime.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,715.41, down 75.08 points.) Toronto-Dominion Bank (TSX:TD). Financials. Down $2.09, or 2.2 per cent, to $94.59 on 13.

TORONTO — A move in crude oil prices above US$100 per barrel and higher gold prices weren't enough to prevent Canada's main stock index from swinging lower on the eve of an expected move by the Bank of Canada to hike interest rates.

TORONTO — Canadian retailers expect competition for workers to heat up over the next 12 months as the country's jobless rate hits record lows.

TORONTO — Canadian television brand Citytv is lifting the curtain on two new streaming options that give viewers a different route to its entertainment and news.

WASHINGTON (AP) — Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received.