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Police respond to shooting at July 4 parade in Chicago suburb

Police are responding to a shooting at a July Fourth parade in a Chicago suburb, authorities said Monday. No casualties have been officially reported, but witnesses described seeing bloodied bodies covered with blankets as hundreds of people ran for safety.

A Fourth of July parade-goer runs for cover after gunfire was heard at the parade Monday morning, July 4, 2022, in a suburb of Chicago. (Lynn Sweet/Chicago Sun-Times via AP)

Bank of Canada surveys suggest business and consumer inflation expectations up

A pair of new reports from the Bank of Canada point to rising inflation expectations by Canadian businesses and consumers. In its business outlook survey released Monday, the central bank said businesses' expectations for near-term inflation have increased, and firms expect inflation to be high for longer than they did in the previous survey.