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Purolator expanding rural facilities amid demand from remote workers

Purolator expanding rural facilities amid demand from remote workers

Purolator Inc. is building up capacity at its more remote distribution centers in response to rising demand from consumers who have fled the city in search of more space amid the pandemic.
Chairman Powell: Fed is in no hurry to raise interest rates

Chairman Powell: Fed is in no hurry to raise interest rates

WASHINGTON — Federal Reserve Chairman Jerome Powell told Congress on Wednesday that the central bank will not start raising interest rates until it believes its goals on maximum employment and inflation have been reached.
Crescent Point vows to pay down debt from Shell acquisition with rising oil profits

Crescent Point vows to pay down debt from Shell acquisition with rising oil profits

CALGARY — The CEO of Crescent Point Energy Corp. says the company is poised to benefit from rising oil prices after two years of transformation through selling assets, cutting debt and reducing costs.
Uber survey: 26% of Canadian drivers rate company poor for dependable earnings

Uber survey: 26% of Canadian drivers rate company poor for dependable earnings

SAN FRANCISCO — A new report from Uber Technologies Inc. says its Canadian drivers and couriers don't think they receive dependable earnings.
Red-hot US housing market: January new home sales jump 4.3%

Red-hot US housing market: January new home sales jump 4.3%

SILVER SPRING, Md. — Demand for new homes in the U.S. surged 4.3% in January with the housing market still one of the strongest segments of the economy.
Chinese official calls for 'joint efforts' in China-US trade

Chinese official calls for 'joint efforts' in China-US trade

BEIJING — China’s commerce minister appealed to Washington for “joint efforts” to revive trade but gave no indication Wednesday when tariff war talks might resume or whether Beijing might offer concessions.
Funky electronics chain Fry's is no more

Funky electronics chain Fry's is no more

SAN FRANCISCO — Fry's Electronics, the go-to chain for tech tinkerers looking for an obscure part, is closing for good.
ExxonMobil sells some North Sea drilling, exploration sites

ExxonMobil sells some North Sea drilling, exploration sites

ExxonMobil is selling most of its drilling and exploration assets off the coast of the U.K. in the North Sea for more than $1 billion.
CMHC: majority of mortgage deferrals have ended, risk of arrears could re-emerge

CMHC: majority of mortgage deferrals have ended, risk of arrears could re-emerge

OTTAWA — Most homeowners who sought deferrals for mortgages last year have seen their deferral periods end, but the Canada Mortgage and Housing Corp. says the risk of these borrowers falling into arrears could re-emerge.
High Liner Foods reports US$7.4-million Q4 profit, sales down from year ago

High Liner Foods reports US$7.4-million Q4 profit, sales down from year ago

LUNENBURG, N.S. — High Liner Foods Inc. says it earned a profit in its latest quarter compared with a loss a year ago even as its sales declined. The frozen seafood company, which keeps its books in U.S. dollars, says it earned US$7.