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National Business
EU faces battle to keep energy prices from tanking economy
BRUSSELS (AP) — European Union leaders enter a crucial stretch this week to make sure runaway energy prices and short supplies don't further tank their struggling economies and foment unrest.
Oct 18, 2022 11:40 AM
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French firm admits Islamic State group payments in US court
NEW YORK (AP) — French cement company Lafarge pleaded guilty Tuesday to paying millions of dollars to the Islamic State group so that a plant in Syria could remain open, a case that the Justice Department described as the first of its kind.
Oct 18, 2022 11:33 AM
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Conference Board predicts economic growth to slow to near standstill until spring
OTTAWA — A new economic outlook by the Conference Board of Canada says a recession is possible, but the underlying conditions are working in the economy's favour.
Oct 18, 2022 11:20 AM
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Holiday spending expected to slump amid inflation, economic uncertainty: report
Holiday spending in Canada is expected to drop this year as inflation shrinks consumer buying power and economic uncertainty looms over household budgets, a new report says.
Oct 18, 2022 10:05 AM
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Former federal finance minister Bill Morneau to join CIBC board of directors
TORONTO — Former federal finance minister Bill Morneau will join CIBC's board of directors next month. The bank says Morneau will become a member of the board effective Nov. 1.
Oct 18, 2022 9:59 AM
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German cybersecurity chief out after reports of Russia ties
BERLIN (AP) — The head of Germany's national cybersecurity agency has been dismissed following reports of possible ties to Russian intelligence, the Interior Ministry said Tuesday.
Oct 18, 2022 9:20 AM
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Annual pace of housing starts up in September, hitting highest level since Nov. 2021
OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in September rose to the highest level since November 2021.
Oct 18, 2022 8:39 AM
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Iamgold selling stake in Rosebel Gold Mines to Chinese company for US$360M in cash
TORONTO — Iamgold Corp. has signed a deal to sell its 95 per cent interest in Rosebel Gold Mines N.V. to Chinese company Zijin Mining Group Co. Ltd. for US$360 million in cash.
Oct 18, 2022 8:37 AM
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Russian warplane crashes near apartment building, killing 13
MOSCOW (AP) — A Russian warplane crashed Monday into a residential area in a Russian city on the Sea of Azov after suffering engine failure, leaving at least 13 people dead, three of whom died when they jumped from upper floors of a nine-story apartm
Oct 18, 2022 1:46 AM
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Asian shares mostly gain after rally on Wall Street
BANGKOK (AP) — Stocks were mostly higher in Asia on Tuesday after Wall Street rallied in its latest about-face in recent topsy-turvy trading. Oil prices and U.S. futures advanced and the dollar was trading near 149 Japanese yen.
Oct 18, 2022 12:49 AM
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