National Business

NEW YORK (AP) — For millions of fans of Netflix's sci-fi drama “Stranger Things,” there's little mystery in how they spent their Memorial Day weekend.

CALGARY — The Calgary Real Estate Board says sales activity in the western city trended down for the second month in a row in May.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,713.72, down 15.62 points.) Suncor Energy Inc. (TSX:SU). Energy. Up 90 cents, or 1.8 per cent, to $51.79 on 26 million shares.

TORONTO — North American stock markets closed lower to start June amid rising interest rates and fears of persistently hot inflation.

FREDERICTON — New Brunswick became the latest Atlantic province to roll out an aid program targeting the rising cost of living with a $20-million package announced Wednesday.

Flair Airlines celebrated a major win Wednesday as a federal regulator ruled the upstart carrier is Canadian.

SAN FRANCISCO (AP) — Sheryl Sandberg, the No. 2 executive at Facebook owner Meta, is stepping down, according to a post Wednesday on her Facebook page. Sandberg has served as chief operating officer at the social media giant for 14 years.

OTTAWA — In an unprecedented move, the Bank of Canada has announced a major increase to its key interest rate for the second time in two months, saying it is "prepared to act more forcefully" as it forecasts higher consumer prices to come this year.

NEW YORK (AP) — A swift jump in Treasury yields rattled Wall Street Wednesday, weighing down stock indexes at the start of another month in what’s been a turbulent year. The S&P 500 fell 0.7% after an early morning gain quickly vanished.

Canada is leaning toward a new era of 1970s-style stagflation as the pace of economic growth slows yet inflation remains stubbornly high, economists say. The abnormal mix of rising prices and high joblessness gripped the country 40-odd years ago.