National Business

TORONTO — Canada's main stock index snapped a two-day winning streak as crude oil prices rose to a three-month high, suggesting that inflation may not be tamed heading into next week's meeting of the U.S. Federal Reserve.

TORONTO — Free streaming service Pluto TV is coming to Canada this fall, the latest in a growing number of ad-supported alternatives to Netflix and other subscription platforms.

A vote to grant Shopify Inc. chief executive Tobi Lütke key voting power passed by a slim margin, the company revealed. The Ottawa e-commerce giant announced Wednesday that 53.

CALGARY — Ukraine's new ambassador to Canada issued a call Wednesday to Canadian oil and gas companies to help in the fight against Russia by entering and expanding into the European market.

Discount retailer Dollarama Inc. has started rolling out new price pointsup to $5 as it adds new products and restocks others amid a shift in consumer spending patterns.

CALGARY — As governments around the world grapple with how best to assist citizens with the rising cost of living, Alberta's energy minister is warning that anything resembling the U.K.

MONTREAL — Transcontinental Inc. says its net profit attributable to shareholders dropped more than 20 per cent to $28.3 million in its latest quarter with the ending of a COVID-19 wage subsidy.

VANCOUVER — West Fraser Timber Co. Ltd. is raising its quarterly dividend by 20 per cent. The company says it will now pay a quarterly dividend of 30 cents US per share starting with its July 8 payment to shareholders of record on June 22.

LONDON (AP) — Russia's war in Ukraine and the energy and food crises it worsened will severely drag down global economic growth and push up inflation this year, the Organization for Economic Cooperation and Development said Wednesday.

TORONTO — When the COVID-19 pandemic struck and many abandoned in-person shopping and dining out, brick-and-mortar retail became one of the most undesirable assets in Canada.