National Business

WINNIPEG — Manitoba Hydro, the province's Crown-owned energy corporation, has named a new president and chief executive officer to guide the utility through challenges that include a high debt load and a need for new energy production.

Stocks closed mixed on Wall Street after testimony from Federal Reserve Chair Jerome Powell in front of Congress provided little new guidance on the Fed’s plans on when it might lower interest rates.

A new report says the average asking rent for a home in Canada reached $2,185 in June, up seven per cent compared with a year ago despite representing the slowest annual rate of growth in 13 months. The report by Urbanation and Rentals.

TORONTO — Henoc Muamba didn't have much use for his degree in information systems over the course of his 12-year CFL career. Now that he's retired from playing, he's finally getting to put his education to use.

MERRITT, B.C. — There has been a "major failure" in a well in Merritt, B.C., prompting the city to ask its residents to stop all non-essential water use.

WASHINGTON (AP) — The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in testimony Tuesday to Congress, a shift in emphasis away from the Fed's single-minded fight against inflation of the past

CALGARY — Entropy Inc. says it has made a final investment decision to go ahead with its second carbon capture and storage project.

NEW YORK (AP) — The National Rifle Association’s former finance czar, Wilson “Woody” Phillips, has been banned for a decade from managing money for any nonprofit company in New York, the state’s attorney general said Tuesday.

Summer jobs are more than just a detour on your way to a career — they’re an important first step on the job ladder, no matter the type of work.

TORONTO — Altus Group Ltd. has signed a deal to sell its global property tax business to tax services and software company Ryan LLC for $700 million.