National Business

WASHINGTON — Federal Reserve Chairman Jerome Powell told Congress on Wednesday that the central bank will not start raising interest rates until it believes its goals on maximum employment and inflation have been reached.

CALGARY — The CEO of Crescent Point Energy Corp. says the company is poised to benefit from rising oil prices after two years of transformation through selling assets, cutting debt and reducing costs.

SAN FRANCISCO — A new report from Uber Technologies Inc. says its Canadian drivers and couriers don't think they receive dependable earnings.

SILVER SPRING, Md. — Demand for new homes in the U.S. surged 4.3% in January with the housing market still one of the strongest segments of the economy.

BEIJING — China’s commerce minister appealed to Washington for “joint efforts” to revive trade but gave no indication Wednesday when tariff war talks might resume or whether Beijing might offer concessions.

SAN FRANCISCO — Fry's Electronics, the go-to chain for tech tinkerers looking for an obscure part, is closing for good.

ExxonMobil is selling most of its drilling and exploration assets off the coast of the U.K. in the North Sea for more than $1 billion.

OTTAWA — Most homeowners who sought deferrals for mortgages last year have seen their deferral periods end, but the Canada Mortgage and Housing Corp. says the risk of these borrowers falling into arrears could re-emerge.

LUNENBURG, N.S. — High Liner Foods Inc. says it earned a profit in its latest quarter compared with a loss a year ago even as its sales declined. The frozen seafood company, which keeps its books in U.S. dollars, says it earned US$7.

LAVAL, Que. — Bausch Health Companies Inc. reported a loss of US$153 million in its latest quarter as its revenue edged lower compared with a year ago. The company, which keeps its books in U.S.