Skip to content

National Business

Wholesale sales excluding petroleum products and oilseeds and grains up in July

Wholesale sales excluding petroleum products and oilseeds and grains up in July

OTTAWA — Statistics Canada says wholesale sales excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, grew 0.2 per cent to $81.3 billion in July.
Read more >
'One family, one lawyer' model promises to save divorcing couples time and money

'One family, one lawyer' model promises to save divorcing couples time and money

Edmonton lawyer Melissa Bourgeois had been practicing family law for more than a decade when she had what she calls her "lightbulb moment.
Read more >
Stranded luxury cruise ship MV Ocean Explorer has been pulled free at high tide in Greenland

Stranded luxury cruise ship MV Ocean Explorer has been pulled free at high tide in Greenland

COPENHAGEN, Denmark (AP) — The luxury cruise ship MV Ocean Explorer was “successfully” pulled free in Greenland on Thursday, three days after running aground with 206 people on board, authorities and the ship's owner said.
Read more >
Europe's central bank hikes interest rates again even as threat of recession grows

Europe's central bank hikes interest rates again even as threat of recession grows

FRANKFURT, Germany (AP) — The European Central Bank piled on a 10th straight interest rate increase Thursday, pressing forward in its fight against stubbornly high inflation that has been plaguing consumers even as worries grow that higher borrowing
Read more >
Wholesale price inflation accelerated in August from historically slow pace

Wholesale price inflation accelerated in August from historically slow pace

WASHINGTON (AP) — U.S. wholesale prices increases accelerated in August, a sign that inflation remains stubbornly persistent despite a series of sharp interest rate hikes by the Federal Reserve.
Read more >
Applications for US jobless benefits tick up slightly

Applications for US jobless benefits tick up slightly

The number of Americans applying for unemployment benefits last week ticked up modestly after falling to the lowest level in seven months the week before, as companies continue to retain employees despite the Federal Reserve's efforts to cool the eco
Read more >
Credit card debt hit all-time high in Q2 as financial pressure builds: Equifax

Credit card debt hit all-time high in Q2 as financial pressure builds: Equifax

TORONTO — Equifax Canada says credit card balances hit an all-time high of $107.4 billion in the second quarter of 2023, in a sign financial stress continued to build in the face of inflation and rising interest rates.
Read more >
Feds unveil first deal for new housing accelerator fund in London

Feds unveil first deal for new housing accelerator fund in London

LONDON, Ont. — The federal government is trying to channel the anger it's facing over the lack of affordable housing into a challenge for municipalities.
Read more >
Leaving Google's search engine isn't easy, government witness says in antitrust case

Leaving Google's search engine isn't easy, government witness says in antitrust case

WASHINGTON (AP) — The U.S. Justice Department pressed ahead with its antitrust case against Google Wednesday, questioning a former employee of the search engine giant about deals he helped negotiate with phone companies in the 2000s.
Read more >
Olymel announces closures affecting around 400 workers in Ontario and Quebec

Olymel announces closures affecting around 400 workers in Ontario and Quebec

Olymel is closing two plants in Quebec and Ontario and accelerating the closure of another facility, affecting around 400 employees as the company says it continues to deal with market challenges.
Read more >