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National Business
National Business
As the BoC takes a pause from interest rate hikes, all eyes are on the labour market
OTTAWA — After a series of historic interest rate hikes, economists are left wondering whether job losses are next. High interest rates cause businesses and consumers to pull back on spending.
Jan 26, 2023 1:57 PM
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Rent prices grew at record pace in 2022 as Canada saw lowest vacancy rate in decades
TORONTO — Rent prices in Canada grew at a record pace last year as the country saw the lowest vacancy rate since 2001, the Canada Mortgage and Housing Corp. said.
Jan 26, 2023 1:39 PM
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US economy slowed but still grew at 2.9% rate last quarter
WASHINGTON (AP) — The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession.
Jan 26, 2023 1:12 PM
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Wall Street rises to hit best level in nearly eight weeks
NEW YORK (AP) — Stocks climbed Thursday to send Wall Street to its highest level in nearly eight weeks following reports suggesting the economy and corporate profits may be doing better than feared. The S&P 500 rose 1.
Jan 26, 2023 1:05 PM
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Manitoba sending second round of cheques to help with inflation
WINNIPEG — The Manitoba government is issuing a second round of cheques to help people deal with inflation in a move that critics say has more to do with boosting the governing Progressive Conservatives' chances in the next election.
Jan 26, 2023 1:04 PM
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Home Depot gave personal data to Meta without valid customer consent: watchdog
OTTAWA — Retailer Home Depot shared details from electronic receipts with Meta, which owns the social media platform Facebook, without the knowledge or consent of customers, the federal privacy watchdog has found.
Jan 26, 2023 1:03 PM
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Via Rail tells MPs passengers stuck on train for 18 hours were in 'unique' situation
OTTAWA — The CEO of Via Rail says that after a tree fell on a passenger train as it travelled on CN Rail tracks during the holidays, it took the freight company longer than hoped to clear it — and passengers on board were stuck for 18 hours.
Jan 26, 2023 12:48 PM
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Chevron’s buyback boosts stock, get rebuke from White House
Shares of Chevron climbed Thursday after the oil company announced that it would repurchase $75 billion of its stock, one of the largest-ever stock buyback plans.
Jan 26, 2023 10:42 AM
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Imperial Oil gives OK to $720M renewable diesel project near Edmonton
CALGARY — Imperial Oil Ltd. is going ahead with a $720-million project to build a renewable diesel facility at its Strathcona refinery near Edmonton.
Jan 26, 2023 10:31 AM
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Statistics Canada says job vacancies down 2.4 per cent in November
OTTAWA — Statistics Canada says the number of job vacancies fell by 2.4 per cent in November to their lowest level since August 2021. The agency says the number of job vacancies across all sectors was down 20,700 at 850,300 for the month.
Jan 26, 2023 7:26 AM
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