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National Business
National Business
Worsening inflation will pressure Fed to keep raising rates
WASHINGTON (AP) — Inflation in the United States accelerated in September, with the cost of housing and other necessities intensifying pressure on households, wiping out pay gains and ensuring that the Federal Reserve will keep raising interest rates
Oct 13, 2022 1:10 PM
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Air Canada responds to international travel demand with summer route expansion
MONTREAL — Air Canada announced new European routes and plans to resume select routes to Japan this summer, in an effort to expand international services.
Oct 13, 2022 12:57 PM
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CMHC deputy chief economist predicts 15% housing price drop by Q2 2023
Canada Mortgage and Housing Corp. is predicting housing prices will continue to drop in 2023, but is warning the fall will do little for affordability.
Oct 13, 2022 12:29 PM
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Social Security benefits to jump by 8.7% next year
WASHINGTON (AP) — Millions of Social Security recipients will get an 8.7% boost in their benefits in 2023, a historic increase but a gain that will be eaten up in part by the higher cost of everyday living.
Oct 13, 2022 10:24 AM
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Average long-term US mortgage rates up another quarter point
WASHINGTON (AP) — Average long-term U.S.
Oct 13, 2022 10:11 AM
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Lab-grown diamonds offer lower-cost, environmentally sustainable sparkle
When Isabelle Crew chose a lab-grown diamond instead of a traditionally mined sparkler for her engagement ring, one friend warned her it would have a lower resale value. But with the 1.
Oct 13, 2022 10:00 AM
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Small businesses bullish on future growth despite recession concerns: KPMG survey
TORONTO — A new KPMG survey has found Canada’s small and medium-sized businesses are banking on strong growth in the next three years, even as a possible economic downturn remains top of mind in the near term.
Oct 13, 2022 9:09 AM
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U.S. applications for jobless aid rise last week
WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose slightly last week but remains historically low even as the U.S. economy slows in the midst of decades-high inflation. Jobless claims for the week ending Oct.
Oct 13, 2022 8:44 AM
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Ukraine's Kyiv area hit by Iranian-made kamikaze drones
KYIV, Ukraine (AP) — Russia's forces used Iranian-made kamikaze drones to attack Ukraine's capital and Odesa regions Thursday and slammed other areas with missiles as Moscow punished the country for a fourth day for a truck bomb attack on a landmark
Oct 13, 2022 7:22 AM
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Aritzia earnings rise in second quarter on strong retail and e-commerce sales
VANCOUVER — Aritzia Inc. saw net income go up 16 per cent in the second quarter of fiscal year 2023, as both retail and e-commerce sales rose year over year. The Vancouver-based clothing retailer said it earned $46.
Oct 12, 2022 5:57 PM
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