Skip to content

National Business

Biden to meet China's Xi on Monday for Taiwan, Russia talks

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.
US consumer inflation eased to 7.7% over past 12 months

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.
Musk ends remote work at Twitter, warns of troubles ahead

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.
Canadian Tire sees 'choppy' consumer demand in latest quarter as cost of living grows

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.
Pathways president says industry will be judged on whether it accomplishes its goals

Pathways president says industry will be judged on whether it accomplishes its goals

CALGARY — Not that many years ago, the idea of showcasing the Canadian oilsands at an international summit on climate change would have been laughable.
Brookfield reports Q3 profit down, revenue and operating funds from operations up

Brookfield reports Q3 profit down, revenue and operating funds from operations up

TORONTO — Brookfield reported its third-quarter profit fell compared with a year ago when it benefited from higher valuation and disposition gains. The alternative asset manager, which keeps its books in U.S.
Tips for first-time homebuyers as affordability in Canada continues to deteriorate

Tips for first-time homebuyers as affordability in Canada continues to deteriorate

It took three years for Ross Davison and his wife to purchase their first home. The Ottawa couple began looking before the pandemic but were repeatedly sidelined by rapidly rising house prices, climbing interest rates and tougher mortgage rules.
Slightly more Americans apply for jobless benefits last week

Slightly more Americans apply for jobless benefits last week

WASHINGTON (AP) — The number of Americans applying for jobless benefits rose slightly last week, but the labor market remains healthy despite job cuts that have begun to spread across industries most affected by soaring interest rates, such as housin
Ont. AI sector saw big job gains recently, but won't be unscathed by downturn: report

Ont. AI sector saw big job gains recently, but won't be unscathed by downturn: report

TORONTO — Research shows Ontario's artificial intelligence industry saw tremendous growth before this year's broader tech downturn materialized, but the sector is unlikely to remain unscathed.
Cascades reports third-quarter loss, sales up from year ago

Cascades reports third-quarter loss, sales up from year ago

KINGSEY FALLS, Que. — Cascades Inc. reported a loss in its latest quarter compared with a profit a year ago as its sales rose.