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BoC's Macklem says he's not backing down on rate hikes, even as recession fears grow
Bank of Canada governor Tiff Macklem emphasized Friday that he has not changed his mind on interest rate hikes, even as expectations grow about a possible recession next year.
Oct 14, 2022 5:40 PM
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Head of zero-emission truck venture found guilty of fraud
NEW YORK (AP) — The wealthy founder of Nikola Corp. was convicted Friday of charges he deceived investors with exaggerated claims about his company’s progress in producing zero-emission 18-wheel trucks fueled by electricity or hydrogen.
Oct 14, 2022 5:19 PM
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S&P/TSX composite down nearly 300 points, U.S. stock markets also trade lower
TORONTO — Canada's main stock index fell almost 300 points Friday after a surprising rise Thursday, pulled down by losses in energy and base metals, while the U.S. markets fell at a steeper rate. The S&P/TSX composite index closed down 287.
Oct 14, 2022 5:11 PM
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Oilsands group pledges to spend $16.5B on carbon capture project by 2030
CALGARY — Canada's biggest oilsands companies say they will spend $16.5 billion before 2030 on a massive proposed carbon capture and storage facility that is the centrepiece of their net-zero-by-2050 pledge.
Oct 14, 2022 4:20 PM
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Stocks fall broadly on Wall Street as inflation worries grow
NEW YORK — Stocks ended broadly lower on Wall Street, leaving most major indexes in the red for the week, as more concerns emerged about inflation. Markets fell after a report showed U.S.
Oct 14, 2022 4:13 PM
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New Brunswick's Ganong Bros. teams up with Cooke Inc. to take candy company global
Canada’s oldest candy and chocolate company Ganong Bros., Ltd. is teaming up with the head of seafood giant Cooke Inc. in a bid to grow the family-run confectionery business.
Oct 14, 2022 4:05 PM
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CREA reports home sales in typically busy September continued to slow
The Canadian Real Estate Association (CREA) says the country's housing market continued to slow in September — a stark contrast from the flurried pace of sales the fall usually delivers. The association said Friday that September sales were down 3.
Oct 14, 2022 2:21 PM
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Statistics Canada says manufacturing sales down, wholesale sales up in August
OTTAWA — Manufacturing sales fell 2.0 per cent to $70.4 billion in August as petroleum and coal sales edged down on lower prices and volumes, Statistics Canada said Friday.
Oct 14, 2022 1:37 PM
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Dolly Parton donation strategy: 'I just give from my heart'
NEW YORK (AP) — Dolly Parton laughs at the idea that she is some sort of secret philanthropist.
Oct 14, 2022 1:35 PM
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UK's Truss drops tax cuts, axes Treasury chief amid turmoil
LONDON (AP) — Embattled British Prime Minister Liz Truss sacked her Treasury chief and reversed course on a major part of her tax-cutting economic plan Friday as she struggled to hang on to her job after weeks of turmoil on financial markets.
Oct 14, 2022 12:56 PM
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