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National Business
Job losses will rise but won't reach levels seen in past economic downturns: BoC
OTTAWA — As a potential recession looms, unemployment will rise, but Bank of Canada governor Tiff Macklem says job losses won't fall to levels seen in past economic downturns.
Nov 10, 2022 2:22 PM
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Tim Hortons brand soup base recalled for containing insects
A Tim Hortons branded chicken noodle soup base was recalled in Alberta and southwestern Ontario because it contained insects.
Nov 10, 2022 2:22 PM
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New Brunswick's budget surplus balloons $739 million more than spring estimate
FREDERICTON — New Brunswick’s budget surplus continues to swell and is now projected at $774.4 million for the 2022-23 fiscal year, an increase of $739.2 million over the figure forecast in the province’s March budget.
Nov 10, 2022 12:59 PM
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AP source: US authorities investigate crypto exchange FTX
NEW YORK (AP) — The swift collapse of cryptocurrency exchange FTX sent more shockwaves through the crypto world on Thursday, with authorities now investigating the firm for potential securities violations and analysts bracing for a further downturn i
Nov 10, 2022 12:58 PM
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WSP Global raises financial outlook as it looks to grow across its core business
MONTREAL — WSP Global Inc. raised its financial outlook as it said it's looking to grow its business across its core markets.
Nov 10, 2022 12:12 PM
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Larger-than-expected interest rate hikes would lead to economic contraction: PBO
OTTAWA — The parliamentary budget officer says the Canadian economy would contract slightly in 2023 if central banks raise interest rates more than anticipated.
Nov 10, 2022 12:02 PM
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Biden to meet China's Xi on Monday for Taiwan, Russia talks
WASHINGTON (AP) — President Joe Biden will meet Monday with President Xi Jinping on the sidelines of next week’s Group of 20 Summit in Bali, Indonesia, a face-to-face meeting that comes amid increasingly strained U.S.
Nov 10, 2022 11:53 AM
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US consumer inflation eased to 7.7% over past 12 months
WASHINGTON (AP) — Price increases moderated in the United States last month in the latest sign that the inflation pressures that have gripped the nation might be easing as the economy slows. Consumer inflation reached 7.
Nov 10, 2022 11:44 AM
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Musk ends remote work at Twitter, warns of troubles ahead
Elon Musk has emailed Twitter employees, most working remotely, ordering them to return to the office immediately for at least 40 hours a week and warning of “difficult times ahead.
Nov 10, 2022 10:42 AM
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Canadian Tire sees 'choppy' consumer demand in latest quarter as cost of living grows
Consumer spending on essentials like grocery, gas and services remains strong but demand for non-essential goods is showing signs of softening, the head of Canadian Tire Corp. said.
Nov 10, 2022 10:21 AM
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