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ECB's Lagarde says interest rates to stay high as long as needed to defeat inflation
JACKSON HOLE, Wyoming (AP) — Interest rates in the European Union will need to stay high “as long as necessary” to slow still-high inflation, Christine Lagarde, president of the European Central Bank, said Friday.
Aug 25, 2023 1:48 PM
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S&P/TSX composite up, U.S. stock markets also rise Friday after Powell speech
TORONTO — Canada's main stock index climbed on Friday, buoyed by strength in the energy sector, while U.S. markets also rose following a speech by U.S.
Aug 25, 2023 1:41 PM
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Stock market today: Wall Street ends higher and breaks a 3-week losing streak
NEW YORK (AP) — Wall Street closed higher, breaking a 3-week losing streak, after the head of the Federal Reserve said it will “proceed carefully” as it decides what to do with interest rates. The S&P 500 rose 0.
Aug 25, 2023 1:07 PM
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TIFF set to lose lead sponsor Bell after a nearly three-decade partnership
TORONTO — The Toronto International Film Festival is set to lose Bell as its leading sponsor.
Aug 25, 2023 11:58 AM
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Energy interests and environmentalists fight Biden oil lease plan from different sides
NEW ORLEANS (AP) — The Biden administration's plan to protect an endangered species of whale by scaling back an auction of oil and gas drilling leases in the Gulf of Mexico is being challenged by the oil industry, even as environmentalists go to cour
Aug 25, 2023 10:48 AM
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Canada Post loses more than $250 million in second quarter
OTTAWA — Canada Post continued to bleed cash last quarter, as losses ballooned by 59 per cent. In a release Friday, the Crown corporation reported a before-tax loss of $254 million for its second quarter versus $160 million in losses a year earlier.
Aug 25, 2023 9:44 AM
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Back-to-school: Parents offer tips on how they save during annual shopping spree
Two weekends ago, Anne Zarifa and her children sat down to make a list of clothes they'd need for the coming school year after sifting through their closets to get rid of anything too small or worn out.
Aug 25, 2023 8:59 AM
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Canadian women taking up golf, challenging corporate stereotypes
TORONTO — Gina Izumi was in her first corporate job out of university and told a male colleague her boyfriend enjoyed hitting the links.
Aug 25, 2023 8:30 AM
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Federal government posts $3.62-billion surplus for April to June
OTTAWA — The federal government posted a budgetary surplus of $3.62 billion for the first three months of its 2023-24 fiscal year, compared with a surplus of $10.20 billion in the same period a year earlier.
Aug 25, 2023 8:00 AM
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Growing wildfire risk puts pressure on insurance industry: experts
TORONTO — Canadian insurers are grappling with the higher risk of wildfires as this year's fire season breaks records, and experts say rising premiums are just one way the industry is seeking to adapt to the changing landscape.
Aug 25, 2023 7:16 AM
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