Canada’s main stock index slid by more than 100 points and U.S. markets also tumbled Wednesday after China labelled America’s approach to semiconductors “unilateral bullying.” The S&P/TSX composite index was down 138.05 points at 25.917.58. In New York, the Dow Jones industrial average was down 304.55 points at 42,372.69. The S&P 500 index was down 12.27 points at 5,928.19, while the tech-heavy Nasdaq was up 47.78 points at 19,190.49. The Canadian dollar traded for 72.25 cents US compared with 71.76 cents US on Tuesday. The July crude oil contract was down 12 cents US at US$61.

Top economic officials from the G7 are gathering for a full day of closed-door discussions in Banff, Alta., to examine pressing topics including the global economy and the war in Ukraine. The meeting in the Rocky Mountains, which wraps up Thursday, is a prelude to the G7 leaders summit in June in nearby Kananaskis, Alta. It comes in the wake of global tariffs initiated in early April by the United States, which have caused many countries to reconsider their trading relationships. The office of U.S. Treasury Secretary Scott Bessent says he plans to use the meeting to "focus on the need to addre

Vancouver police have arrested a man after officers discovered a woman who had been violently sexually assaulted and robbed in a bathroom in Stanley Park. Police say the attack happened on Monday at about 11 a.m.They say a witness reported seeing a suspicious male enter the women's changing room near the Second Beach pool. Officers who arrived at the scene found the female victim,aged in her 40s, before locating a suspect nearby and arresting him. A 35-year-old man has been charged with multiple offences including assault by choking, unlawful confinement, sexual assault with a weapon and robb

Police say one person is dead after a structure at a construction site collapsed north of Montreal.The construction site is located in Blainville, Que. Police say they received a call around 11 a.m. after the underground walls collapsed of a commercial building under construction. Two people were injured _ one person was taken to hospital with a leg injury and another was treated on site. Police say a mobile construction office fell into a large hole that had been excavated, and that three cars also fell inside. They did not release additional information about the person who died.

King Charles and Queen Camilla visited Canada House today to mark 100 years of the Canadian High Commission in London, ahead of their visit next week. Their visit is being seen as a show of support for Canada amid threats from Trump. Charles and Camilla met with Canadian officials at Canada House in London, including Canadian High Commissioner Ralph Goodale. King Charles is also expected to meet with Trump in September. Before that, he will be in Ottawa on May 26 and 27 to attend the opening of Canada's new parliamentary session. On May 27, the King will set out the priorities of the new Mar

Canada's inflation rate has slowed to its slowest since September. According to Statistics Canada, inflation in April rose to 1.7 percent from a year earlier, down from 2.3 percent in March. The sharp decline in inflation last month was due to the consumer carbon tax that was abolished in early April, while core inflation, i.e. grocery inflation, did not see any relief. The Bank of Canada mainly looks at core inflation to raise or lower interest rates. According to the Statistics Department, grocery prices rose by 3.8 percent year-on-year in April. It is worth noting that these latest inf

Amid US President Donald Trump's claim of an early ceasefire between Russia and Ukraine, Volodymyr Zelensky has accused Russia of trying to stall its war in Ukraine. Zelensky said that Putin is not serious about moving forward on peace. It is noteworthy that Trump had said in a statement a day earlier after separate phone calls with the two leaders that Russia and Ukraine would soon start talks on a ceasefire. At the same time, Putin had said that he was ready to talk about a possible peace agreement in the future but did not respond to the demand for an early 30-day pause in the war. Mean

Canada Post received a strike notice Monday from the union representing more than 55,000 postal workers, with operations poised to shut down by the end of the week for the second time in six months. The union informed management that employees plan to hit the picket line starting Friday morning at midnight, the Crown corporation said. A work stoppage would affect millions of residents and businesses who typically receive more than two billion letters and roughly 300 million parcels a year via the service. No new items would be accepted until the strike ends, while those already in the system w

Ransom was demanded from Punjabi businessman Harjit Singh Dhadda, who was shot dead in broad daylight in Mississauga on Wednesday. This has been revealed by his family. His daughter Gurleen Dhadda said that a ransom of $500,000 was demanded from her father but he refused. Gurleen said that her father said that he would not give a single penny. At the same time, Peel police did not confirm this claim but the victim's family says that they had reported the threats to the police and the police did not take it seriously. Gurleen said that my father was shot dead in broad daylight because our g