National Business

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.

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.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,913.17, up 94.32): Bank of Nova Scotia. (TSX:BNS). Finance. Up 89 cents, or 1.38 per cent, to $65.54 on 12.7 million shares.

TORONTO — Canada's main stock index rose almost 100 points Thursday, led by gains in energy and financial stocks, while U.S. markets were mixed. The S&P/TSX composite index was up 94.32 points at 19,913.17.

NEW YORK (AP) — Wall Street ticked mostly higher as investors consider both the upsides and downsides of the U.S. economy remaining stronger than feared. The S&P 500 rose 0.4% Thursday after wobbling between small gains and losses.

Alberta Finance Minister Nate Horner says the government may have to lower how much it expects to take in from oil this year, but the overall budget outlook remains optimistic.

TORONTO — As Canadians face a potential further decline in local news coverage by legacy media outlets, industry watchers hope independent and non-profit companies can fill the void.