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In the years leading up to retirement, an updated financial plan is key: Experts
TORONTO — As Willi Fleerakkers’ retirement date approaches at a time of inflation and higher interest rates, it's hard for her not to worry — but when she reviews her plan, it helps to ease those concerns.
Jun 22, 2023 9:00 AM
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Government benefits helped lower-income households afford rising cost of living: PBO
OTTAWA — The parliamentary budget officer says lower-income households maintained their purchasing power despite high inflation with help from government benefits.
Jun 22, 2023 8:35 AM
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UK recession fears mount after Bank of England hikes borrowing rates by more than expected
LONDON (AP) — Fears that the British economy is heading for recession mounted sharply Thursday after the Bank of England raised borrowing costs by more than anticipated, seeking to combat stubbornly high inflation with a hike that will hit borrowers
Jun 22, 2023 7:57 AM
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Deloitte study suggests Canadians lack trust in brands' sustainability claims
While most consumers believe in rewarding companies that accurately deliver on sustainability promises, a new study suggests their trust is lacking in the "green" claims made by brands.
Jun 22, 2023 7:06 AM
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Weekly US applications for unemployment aid remain relatively elevated
The number of Americans applying for unemployment benefits remained relatively elevated last week, potentially another signal that Federal Reserve rate hikes are beginning to cool a surprisingly resilient labor market. U.S.
Jun 22, 2023 7:04 AM
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Turkey's central bank sharply raises interest rates. That could signal an economic turnaround
ANKARA, Turkey (AP) — Turkey's central bank delivered a large interest rate hike Thursday, signaling a shift toward more conventional economic policies to counter sky-high inflation following criticism that President Recep Tayyip Erdogan’s approach h
Jun 22, 2023 5:49 AM
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US approves chicken made from cultivated cells, the nation's first 'lab-grown' meat
For the first time, U.S. regulators on Wednesday approved the sale of chicken made from animal cells, allowing two California companies to offer “lab-grown” meat to the nation's restaurant tables and eventually, supermarket shelves.
Jun 21, 2023 6:23 PM
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Algoma Steel Group down $20.4 million in Q4 amid lower steel prices, higher costs
SAULT STE. MARIE, Ont. — Algoma Steel Group Inc. says its net loss for the fourth quarter was $20.4 million, compared with earnings of $242.9 million a year earlier. Net loss per diluted share was 19 cents, down from earnings of $1.
Jun 21, 2023 3:27 PM
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Canada Bread fined $50M for bread price fixing, Competition Bureau turns to grocers
Bakery giant Canada Bread Co. has been fined $50 million after pleading guilty to its role in a criminal price-fixing scheme that inflated the price of bread in Canada for years.
Jun 21, 2023 3:01 PM
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Unifor announces union drive for Amazon workers in Metro Vancouver
NEW WESTMINSTER, B.C. — Unifor says it's planning a union drive for Amazon workers in Metro Vancouver.
Jun 21, 2023 2:45 PM
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