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Government benefits helped lower-income households afford rising cost of living: PBO

Government benefits helped lower-income households afford rising cost of living: PBO

OTTAWA — The parliamentary budget officer says lower-income households maintained their purchasing power despite high inflation with help from government benefits.
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UK recession fears mount after Bank of England hikes borrowing rates by more than expected

UK recession fears mount after Bank of England hikes borrowing rates by more than expected

LONDON (AP) — Fears that the British economy is heading for recession mounted sharply Thursday after the Bank of England raised borrowing costs by more than anticipated, seeking to combat stubbornly high inflation with a hike that will hit borrowers
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Deloitte study suggests Canadians lack trust in brands' sustainability claims

Deloitte study suggests Canadians lack trust in brands' sustainability claims

While most consumers believe in rewarding companies that accurately deliver on sustainability promises, a new study suggests their trust is lacking in the "green" claims made by brands.
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Weekly US applications for unemployment aid remain relatively elevated

Weekly US applications for unemployment aid remain relatively elevated

The number of Americans applying for unemployment benefits remained relatively elevated last week, potentially another signal that Federal Reserve rate hikes are beginning to cool a surprisingly resilient labor market. U.S.
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Turkey's central bank sharply raises interest rates. That could signal an economic turnaround

Turkey's central bank sharply raises interest rates. That could signal an economic turnaround

ANKARA, Turkey (AP) — Turkey's central bank delivered a large interest rate hike Thursday, signaling a shift toward more conventional economic policies to counter sky-high inflation following criticism that President Recep Tayyip Erdogan’s approach h
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US approves chicken made from cultivated cells, the nation's first 'lab-grown' meat

US approves chicken made from cultivated cells, the nation's first 'lab-grown' meat

For the first time, U.S. regulators on Wednesday approved the sale of chicken made from animal cells, allowing two California companies to offer “lab-grown” meat to the nation's restaurant tables and eventually, supermarket shelves.
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Algoma Steel Group down $20.4 million in Q4 amid lower steel prices, higher costs

Algoma Steel Group down $20.4 million in Q4 amid lower steel prices, higher costs

SAULT STE. MARIE, Ont. — Algoma Steel Group Inc. says its net loss for the fourth quarter was $20.4 million, compared with earnings of $242.9 million a year earlier. Net loss per diluted share was 19 cents, down from earnings of $1.
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Canada Bread fined $50M for bread price fixing, Competition Bureau turns to grocers

Canada Bread fined $50M for bread price fixing, Competition Bureau turns to grocers

Bakery giant Canada Bread Co. has been fined $50 million after pleading guilty to its role in a criminal price-fixing scheme that inflated the price of bread in Canada for years.
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Unifor announces union drive for Amazon workers in Metro Vancouver

Unifor announces union drive for Amazon workers in Metro Vancouver

NEW WESTMINSTER, B.C. — Unifor says it's planning a union drive for Amazon workers in Metro Vancouver.
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Three years too long a wait for Line 5 reroute, Indigenous band in Wisconsin says

Three years too long a wait for Line 5 reroute, Indigenous band in Wisconsin says

WASHINGTON — Three years is more than enough time for Line 5 to suffer a catastrophic rupture and far too long to make an Indigenous band in Wisconsin wait for the controversial cross-border pipeline to be rerouted, the band's lawyers say.
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