Statistics Canada says the number of Canada's international arrivals increased in July but has yet to recover to pre-pandemic levels.

Statistics Canada says retail sales fell 2.5 per cent to $61.3 billion in July, the first drop in seven months as sales at gasoline stations and clothing stores decreased.

The last of Canada's COVID-19 border restrictions are set to disappear at the end of this month, but some critics say they fear the measures have already caused a lasting decrease in cross-border travel.

A selloff in the riskier corners of the market deepened as the U.K.’s plan to lift its economy fuelled concerns about heightened inflation that could lead to higher rates, adding to fears of a global recession.

Investors are flocking to cash and shunning almost every other asset class as they turn the most pessimistic since the global financial crisis, according to Bank of America Corp. strategists.

The S&P/TSX Composite Index’s energy subgroup came under significant pressure in Friday trading, down more than five per cent as underlying energy prices fell.

Goldman Sachs Group Inc. slashed its year-end target for the S&P 500 Index to 3,600 from 4,300, arguing that a dramatic shift in the outlook for interest rates moving higher will weigh on valuations for US equities.

One expert at the intersection of journalism and policy says Postmedia Network Inc.'s decision to end the Monday print edition of nine of its urban daily newspapers next month is an "important moment" for news media in Canada.