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Wall Street ends lower as global central banks raise rates
BEIJING — Stocks closed lower on Wall Street, deepening their losses for the week, as central banks around the world raised interest rates to fight inflation. The S&P 500 fell 0.8% Thursday.
Sep 22, 2022 2:10 PM
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Loonie slides after Fed rate hike as investors retreat to safehaven U.S. dollar
TORONTO — The Canadian dollar slid lower again Thursday, hitting lows not seen in more than two years, a day after the U.S. Federal Reserve raised its key interest rate by three-quarters of a percentage point.
Sep 22, 2022 2:10 PM
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Canada Jetlines, latest airline to enter the crowded field, lands first flight
The next airline hoping to pose a threat to the country's Air Canada-WestJet duopoly has landed its inaugural flight.
Sep 22, 2022 1:52 PM
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Powell's stark message: Inflation fight may cause recession
WASHINGTON (AP) — The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession.
Sep 22, 2022 11:54 AM
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Pot sector wants packaging changes, financial relief from Cannabis Act review
TORONTO — Canada’s cannabis industry is hoping a newly launched review of the legislation that paved the way for the recreational use and sale of pot will help the sector stave off more financial difficulties.
Sep 22, 2022 10:27 AM
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Prada, Max Mara back to pre-pandemic splendor in Milan
MILAN (AP) — Pre-pandemic fashion delirium is back.
Sep 22, 2022 10:10 AM
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Hydro One to offer First Nations chance to invest in transmission projects
TORONTO — Hydro One is offering First Nations a chance to invest in a 50 per cent equity stake in new capital transmission line projects worth more than $100 million.
Sep 22, 2022 9:13 AM
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Bank of England hikes rates but avoids more aggressive step
LONDON (AP) — Britain’s central bank raised its key interest rate Thursday by another half-percentage point to the highest level in 14 years, but it avoided more aggressive steps to tame inflation taken by the U.S.
Sep 22, 2022 8:02 AM
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Do your research before starting to shop for a new car as market remains tight
OTTAWA — Buying a new car can be an exciting but stressful exercise in the best of times, but right now supply shortages and soaring prices for used vehicles have made buying a new set of wheels harder than ever.
Sep 22, 2022 8:00 AM
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Stelco offers to buy back up to nearly half of its shares for $35 per share
HAMILTON — Stelco Holdings Inc. is offering to buy back nearly half of its outstanding shares at a price of $35 per share. Under the substantial issuer bid, the company says it is looking to buy up to 30 million shares or 47.
Sep 22, 2022 7:20 AM
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