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Stock market today: Wall Street buckles under higher bond yields as Dow wipes out gain for the year

Stock market today: Wall Street buckles under higher bond yields as Dow wipes out gain for the year

NEW YORK (AP) — Wall Street tumbled as it focused on the downside of a surprisingly strong job market. The S&P 500 lost 1.4% Tuesday. The Dow fell 430 points and wiped out the last of its gains for the year so far.
New York judge issues limited gag order after Trump makes disparaging post about court clerk

New York judge issues limited gag order after Trump makes disparaging post about court clerk

NEW YORK (AP) — A New York judge quickly imposed a limited gag order in Donald Trump's civil business fraud trial Tuesday after the former president disparaged a key court staffer.
Frequent price increases by businesses contributing to sticky inflation: BoC official

Frequent price increases by businesses contributing to sticky inflation: BoC official

OTTAWA — Bank of sa¹ú¼Ê´«Ã½ deputy governor Nicolas Vincent says businesses raising their prices more frequently than they did before the pandemic is contributing to higher-than-expected inflation.
Strathcona Resources closes Pipestone Energy merger deal

Strathcona Resources closes Pipestone Energy merger deal

CALGARY — Strathcona Resources Ltd. says it has closed its merger with Pipestone Energy Corp. Pipestone shareholders voted to approve the deal last week in a move to create the fifth largest oil producer in sa¹ú¼Ê´«Ã½.
Insurance regulator takes action against life insurance sales practices

Insurance regulator takes action against life insurance sales practices

TORONTO — Ontario's insurance regulator says it has taken enforcement action after finding widespread deficiencies related to the sale of life insurance products.
Brookfield raises US$12 billion for new global private equity fund

Brookfield raises US$12 billion for new global private equity fund

TORONTO — Brookfield Asset Management Ltd. says it has raised US$12 billion for its latest global private equity fund. The company says Brookfield Capital Partners VI is the largest private equity fund it has raised.
Calgary home sales jump 29 per cent in September, hitting record high

Calgary home sales jump 29 per cent in September, hitting record high

CALGARY — The Calgary Real Estate Board says there were 2,441 home sales in September, setting a record high last month.
Private sector plays key role in boosting housing supply but must 'up its game': CMHC

Private sector plays key role in boosting housing supply but must 'up its game': CMHC

sa¹ú¼Ê´«Ã½ Mortgage and Housing Corp.'s deputy chief economist says the private sector must be given the proper incentives to invest more in housing in order to address the need for 3.5 million additional units by 2030.
More evidence that the US job market remains hot after US job openings rise unexpectedly in August

More evidence that the US job market remains hot after US job openings rise unexpectedly in August

WASHINGTON (AP) — U.S. job openings unexpectedly rose in August, another sign the U.S. labor market remains strong despite higher interest rates — perhaps too strong for the inflation fighters at the Federal Reserve. American employers posted 9.
Shopify CEO discouraging staff from side hustles that divert attention from company

Shopify CEO discouraging staff from side hustles that divert attention from company

OTTAWA — The chief executive of Shopify Inc. is discouraging staff from taking on side gigs that divert their attention away from the company.