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The Federal Reserve sees cooler inflation and slower job market, suggesting a rate cut is nearing
WASHINGTON (AP) — The Federal Reserve said Wednesday that greater progress has been made in reducing inflation to its 2% target, a sign that the central bank is moving closer toward cutting its key interest rate for the first time in four years.
Jul 31, 2024 12:37 PM
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Economy continues to grow at modest pace as forecasters brace for more rate cuts
OTTAWA — The Canadian economy continued to keep its head just above water in May, growing 0.2 per cent, led by expansions in manufacturing and the public sector.
Jul 31, 2024 12:24 PM
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US stands by decision that 50 million air bag inflators are dangerous, steps closer to huge recall
DETROIT (AP) — U.S. auto safety regulators say they stand by a conclusion that more than 50 million air bag inflators are dangerous and should not be in use, taking another step toward a massive recall.
Jul 31, 2024 12:18 PM
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Technology set to replace many jobs in agri-food sector over next decade: report
OTTAWA — A third of all agriculture jobs in Canada could be automated within the next decade, according to a new report.
Jul 31, 2024 10:15 AM
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Spin Master sees 'positive' back half of year for toy market after posting Q2 loss
TORONTO — Spin Master Corp.'s chief executive is optimistic the year will end on a high note for the toy market, despite shoppers sticking with their deal-hunting behaviours.
Jul 31, 2024 10:07 AM
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These companies have laid off Canadian workers in 2024
Canadians are continuing to be laid off as part of a wave of job cuts that began in 2023 as companies assessed their operations after the height of the COVID-19 pandemic passed.
Jul 31, 2024 9:58 AM
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Davie shipyard to expand operations south of the border to build icebreakers
MONTREAL — A Quebec shipbuilder's expansion to the United States is part of the Biden administration's renewed focus on Arctic defence — and a way to get around protectionist law dating back decades.
Jul 31, 2024 9:50 AM
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Privacy Commissioner investigating Ticketmaster after data breach
The investigation is meant to help the agency understand why the cyber incident happened and what must be done to prevent it from happening again.
Jul 31, 2024 9:01 AM
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Mining firm Cameco reports net earnings of $36 million in Q2
SASKATOON, Sask. — Cameco Corp. says its second quarter brought net earnings of $36 million, reflecting strength in its uranium business.
Jul 31, 2024 7:10 AM
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Paychecks grew more slowly this spring, a sign inflation may keep cooling
WASHINGTON (AP) — Pay and benefits for America’s workers grew more slowly in the April-June quarter than in the first three months of the year, a trend that could keep price pressures in check and encourage the inflation-fighters at the Federal Reser
Jul 31, 2024 6:42 AM
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