National Business

TORONTO — Canada's steel industry needs the federal government to take swift action as it faces an existential threat from steeply increased U.S. tariff, said Catherine Cobden, head of the Canadian Steel Producers Association.

NEW YORK (AP) — U.S. stocks drifted through a quiet day of trading as Wall Street’s momentum slowed following its big recent rally. The S&P 500 was essentially flat Wednesday and is within 2.8% of its all-time high.

OTTAWA — The unpredictability of the United States' trade war and signs of creeping inflation kept the Bank of Canada's interest rate on hold for a second consecutive decision on Wednesday — even as the central bank braces for an economic hit.

VANCOUVER — British Columbia's power utility has begun the process to boost the province's baseload electricity generation capacity in a bid to meet the province's growing demand from residents and industries.

TORONTO — Technology experts say telecommunications networks are increasingly susceptible to security threats and that companies should leverage artificial intelligence to help protect their infrastructure.

OTTAWA — The Competition Bureau is urging retailers and landlords to drop or change competitor property controls that are not justified even if they do not raise issues under the Competition Act.

TORONTO — Home sales in the Greater Toronto Area remained weak in May while inventory levels were up — giving more negotiating leverage to potential homebuyers.

DesRosiers Automotive Consultants Inc. says the auto market remained resilient last month as sales were up 7.9 per cent year-over-year despite trade disruptions in the auto industry.

TORONTO — Leaders in Canada's telecommunications sector are urging policymakers to make it more attractive for companies to invest in improved infrastructure, as a new report says sustained spending by carriers is key to boosting economic growth.

TORONTO — Hudbay Minerals Inc. says wildfires burning in northern Manitoba have forced it to suspend work at its Snow Lake mine.