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National Business
National Business
Salaries expected to rise, but real wages of workers could edge down after inflation
Wages are expected to go up in Canada next year, but workers may not feel the difference if salary gains are eroded by rising inflation, according to a new survey and data released Wednesday.
Sep 15, 2021 1:23 PM
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CP to acquire Kansas City Southern in US$31B deal after CN drops bid
TORONTO — A protracted battle between rival Canadian railways for the acquisition of Kansas City Southern is over, with Canadian Pacific Railway Ltd. coming out on top.
Sep 15, 2021 12:57 PM
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Rising gas, furniture, car prices drive inflation rate to highest since 2003
OTTAWA — Prices for furniture, gasoline, food, cars and more leaped higher in August compared with the same month a year earlier as the consumer price index hit a near two-decade high.
Sep 15, 2021 11:26 AM
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DIY-ers benefit from lower prices in aftermath of lumber price correction
CALGARY — Homeowners who resisted the urge to renovate during the first 18 months of the pandemic may find now is their chance, as lumber prices that soared to dizzying heights in the spring have crashed back down to earth.
Sep 15, 2021 10:54 AM
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Pandemic recovery for Indigenous tourism will be slow, says report
VANCOUVER — The Indigenous Tourism Association of Canada is making a bleak prediction about its members' ability to rapidly recover from the COVID-19 pandemic.
Sep 15, 2021 10:39 AM
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WestJet names CFO interim chief executive as search for permanent replacement ongoing
CALGARY — WestJet Airlines Ltd. has named Harry Taylor its interim president and chief executive. Taylor has been WestJet's chief financial officer since 2015. He will assume the interim CEO role between late November and mid-December 2021.
Sep 15, 2021 9:56 AM
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Sand, Catan, piñatas lead Toy Hall of Fame finalists
ROCHESTER, N.Y.
Sep 15, 2021 8:41 AM
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CREA lowers home sales forecast, but nudges average price higher
Tight supply conditions and increasing home prices pushed the Canadian Real Estate Association to forecast the country will wrap the year with fewer home sales than it previously predicted.
Sep 15, 2021 8:32 AM
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CP to acquire Kansas City Southern in US$31B deal after CN drops bid
MONTREAL — The battle between rival Canadian railways over Kansas City Southern is over. Canadian Pacific Railway Ltd. said Wednesday it has reached a deal to acquire KCS for approximately US$31 billion, after Canadian National Railway Co.
Sep 15, 2021 8:26 AM
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August industrial output slows to 0.4% gain after Ida hits
WASHINGTON (AP) — U.S. industrial production slowed to a 0.4% gain in August as shutdowns of petroleum refineries and petrochemical plants caused by Hurricane Ida curbed manufacturing activity.
Sep 15, 2021 7:42 AM
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