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Canadian business sentiment nears record

Bloomberg Canadian business sentiment is running at near-record levels with companies facing the strongest capacity constraints since before the recession, according to a survey by the central bank. The Ottawa-based Bank of Canada’s second-quarter survey of executives — which mostly took place last month before trade tensions escalated with the US — shows an economy in which companies are finding ...

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Volkswagen accused of age discrimination

Bloomberg A Tennessee employee of Volkswagen AG sued the automaker and alleged that it has been systematically discriminating against older workers in wake of a massive emissions scandal that tarnished company’s reputation. Jonathan Manlove, former assistant manager in logistics at the automaker’s Tennessee plant, said he was demoted as part of company’s effort to shed its “old diesel image” and ...

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US consumer spending cools, inflation tops Fed goal

Bloomberg US consumer spending rose less than forecast in May as outlays on services fell and Americans saved more of their incomes. Inflation topped the Federal Reserve’s goal by more than expected. Purchases rose 0.2 percent from April after a 0.5 percent advance that was less than previously estimated, Commerce Department figures showed. The Bloomberg survey median called for a ...

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