Kobe scores 36, leads Lakers past Thunder in 99-96 thriller to cut series deficit to 2-1 .      Los Angeles police: 2 young men arrested in shooting deaths of Chinese students near college .      Facebook debut as a public company fails to sizzle as stock closes nearly flat .      Los Angeles police: 2 arrests in shooting deaths of Chinese graduate students near USC campus .      Iguodala, Turner spark second-half surge in Game 4 and help 76ers top Celtics 92-83 .      'Da Vinci Code' author Dan Brown speaks, says writing under way on next novel .      Samuelsson goal lifts Oil Kings to 4-3 win over Cataractes at Memorial Cup .      Two for the show: Arencibia, Davis each go deep twice as Blue Jays hammer Mets .      Molotov cocktails launched at Montreal protest following Quebec crackdown law .      Saskatoon considering red light district, but councillor says not in his riding .     

Inflation edges up to 2.0%, but few see reason for interest rate hikes

Inflation edges up to 2.0%, but few see reason for interest rate hikes
OTTAWA - Inflation in Canada appears to have entered a period of stability near the Bank of Canada's two per cent sweet spot, providing little impetus for interest rate hikes any time soon. Statistics Canada said Friday annual inflation edged up one-tenth of a point to two per cent in April, while the core, underlying price measure rose two-tenths to 2.1. The big surprise is that energy costs — the major cause of volatile price fluctuations for several years — all but disappeared as a driver in April. Spurred by fluctuations in energy and gasoline prices, the inflation rate has dipped as low as one per cent in June 2010 an climbed as high as 3.7 per cent last May. For the first time since…
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Inflation edges up to 2.0% as prices rise modestly for most consumer items

Inflation edges up to 2.0% as prices rise modestly for most consumer items
OTTAWA - Canada's inflation rate crept up one-tenth of a point to the Bank of Canada's preferred level of two per cent last month as the cost of most consumer items rose moderately. The big surprise in a generally flat report from Statistics Canada was…
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Facebook to begin trading as IPO, one of the world's largest, raises $16 billion

Facebook to begin trading as IPO, one of the world's largest, raises $16 billion
NEW YORK, N.Y. - Facebook is about to find out just how much status updates, puppy photos and billions of "likes" are worth on Wall Street, with CEO Mark Zuckerberg ringing the Nasdaq Stock Market opening bell Friday morning from company headquarters a continent away.…
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Higher duty-free thresholds expected to boost cross-border shopping: report

Higher duty-free thresholds expected to boost cross-border shopping: report
OTTAWA - Cross-border shopping is costing the Canadian economy much more than believed and new rules raising duty-free limits will only make matters worse, says a new report by the Bank of Montreal. The assessment of costs comes from the bank's deputy chief economist, Doug…
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Natural gas prices drop as supplies build, moderate weather weakens demand

Natural gas prices drop as supplies build, moderate weather weakens demand
Natural gas is no longer at decade lows, but the price remains sensitive to reports of any significant increase in supply. The price dropped Thursday as the U.S. government said supplies continue to build, at a time when mild weather is dimming demand in parts…
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