National Business

TORONTO — Canada's main stock index closed down more than three per cent in a broad-based decline driven by falling commodity prices as investors continue to worry about the effects of rising rates.

CALGARY — Parkland Corp. says it plans to spend $600 million to increase renewable fuel production at its Burnaby refinery in British Columbia.

Gas prices in Canada are continuing to smash records, setting the stage for potentially lasting consequences on everything from the cost of goods to consumer behaviour. The price of a litre of gasoline jumped to an eye-watering $2.

CALGARY — Ensign Energy Services Inc. reported a profit in its latest quarter compared with a loss a year ago as its revenue grew more than 50 per cent. The Calgary-based company says it earned a profit attributable to common shareholders of $6.

NEW YORK (AP) — Wall Street is tumbling toward its lowest point in more than a year on Monday as renewed worries about China’s economy pile on top of markets already battered by rising interest rates. The S&P 500 was 2.

COLOMBO, Sri Lanka (AP) — Sri Lankan Prime Minister Mahinda Rajapaksa resigned Monday following weeks of protests demanding that he and his brother, the president, step down over the country’s worst economic crisis in decades, an official said.

WARSAW, Poland (AP) — Russia's ambassador to Poland was splattered by red paint thrown at him by protesters opposed to the war in Ukraine , preventing him from paying respects on Monday at a Warsaw cemetery to Red Army soldiers who died during World

The summer movie season is off to a blockbuster start thanks to “ Doctor Strange and the Multiverse of Madness .” The superhero extravaganza grossed an estimated $185 million in ticket sales in its first weekend in U.S.

MONTREAL — As Quebec’s contentious language law heads closer to adoption, the province’s business community is growing increasingly anxious about what it could mean for their bottom line, with some companies considering leaving entirely.

Chanakya Ramdev has changed where he shops for groceries, he no longer goes to restaurants and he cooks all his meals at home. But the Waterloo, Ont., resident says he’s still struggling with soaring food prices.