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Canadian and U.S. stock markets down sharply after Powell speech
North American stock markets were down sharply Friday as investors reacted negatively to a speech by Federal Reserve chair Jerome Powell in which he said he expects to keep interest rates high in his fight against inflation.
Aug 26, 2022 3:01 PM
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Powell: Fed's inflation fight could bring 'pain,' job losses
JACKSON HOLE, Wyoming (AP) — Federal Reserve Chair Jerome Powell delivered a stark warning Friday about the Fed’s determination to fight inflation with more sharp interest rate hikes: It will likely cause pain for Americans in the form of a weaker ec
Aug 26, 2022 2:16 PM
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B.C. cannabis stores close, lay off staff as job action prevents pot deliveries
Some of British Columbia's cannabis stores say they're shutting their doors and laying off staff after a labour dispute in the public sector has stopped the province's pot distribution centre from shipping product since early last week.
Aug 26, 2022 2:08 PM
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CWB Financial Group reports Q3 profit down from year ago on downturn prep
EDMONTON — CWB Financial Group said Friday that earnings were hit in the last quarter as it set aside more funds for bad loans and saw its interest margin dip, but that it also saw loan growth as it continues its expansion into Ontario.
Aug 26, 2022 12:20 PM
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In wake of LaFlamme's exit, brands should be wary when jumping on hot topics: experts
TORONTO — Marketing experts say brands that have advertised themselves with a nod to CTV National News host Lisa LaFlamme's recent dismissal should beware of blowback.
Aug 26, 2022 11:59 AM
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Inflation eases as consumer prices rise 6.3% in July
WASHINGTON (AP) — Inflation eased last month as energy prices tumbled, raising hopes that the surging costs of everything from gasoline to food may have peaked.
Aug 26, 2022 9:08 AM
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Ottawa posts $10.2-billion surplus in first quarter of fiscal year
OTTAWA — The federal government posted a surplus of $10.2 billion in the first quarter of the fiscal year. According to the Finance Department's monthly fiscal monitor report, the surplus posted for April to June compared with a deficit of $36.
Aug 26, 2022 9:01 AM
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Powell: Fed could keep lifting rates sharply 'for some time'
JACKSON HOLE, Wyoming (AP) — Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed will likely impose more large interest rate hikes in coming months and is resolutely focused on taming the highest inflation in four decades .
Aug 26, 2022 8:37 AM
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Canada's real estate market is cooling. Here's what to expect this fall
TORONTO — After fuelling Canada's economy through the COVID-19 pandemic, the real estate market is showing signs of weakness as home prices fall and bidding wars dissipate. It's welcome news for prospective buyers hoping for a better price.
Aug 26, 2022 2:00 AM
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Britain to see 80% spike in energy bills as crisis deepens
LONDON (AP) — Jennifer Jones keeps feeding money into her energy meter , but it never seems to be enough. And when she can’t pay, she feels the impact immediately.
Aug 26, 2022 1:46 AM
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