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Bank of Canada rate hike contributes to loonie falling to a 20-month low
TORONTO — The Bank of Canada's largest interest rate hike in 24 years caused the loonie to drop to a 20-month low as investors feared the U.S. Federal Reserve would mirror the full percentage point hike in two weeks.
Jul 14, 2022 5:09 PM
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Footwear brand Aldo completes restructuring, emerges from creditor protection
MONTREAL — Aldo Group Inc. says it has completed a restructuring process it launched in May 2020 when it filed for creditor protection amid COVID-19 pandemic shutdowns.
Jul 14, 2022 4:20 PM
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One third of budtenders hired in the last year already left their job: study
TORONTO — Nearly one third of Canadian cannabis retail employees hired over the last year already left their jobs and 24 per cent didn't even make it past their first month, a new study says.
Jul 14, 2022 4:08 PM
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Stocks fall as JPMorgan warning helps send banks lower
NEW YORK (AP) — Stocks closed lower on Wall Street Thursday and banks were among the biggest weights on the market following weak earnings and a warning from JPMorgan Chase. The S&P 500 fell 0.3% and the Dow Jones Industrial Average lost 0.5%.
Jul 14, 2022 4:07 PM
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WestJet check-in restored after system-wide outage snarled cross-country travel
CALGARY — WestJet Airlines' check-in services have been restored, after a temporary system outage caused flight delays and snarled travel across Canada Thursday morning.
Jul 14, 2022 3:41 PM
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'Tough' 6-12 months ahead for Canadians amid inflation, rate hikes: expert
TORONTO — As Canadians face a double whammy of skyrocketing inflation and the largest interest rate hike seen in 24 years, one expert is warning that prices won't be coming down anytime soon.
Jul 14, 2022 3:28 PM
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Fed board member opens door to 1-point hike if demand rises
WASHINGTON (AP) — Christopher Waller, a member of the Federal Reserve's Board of Governors, said Thursday that he would be open to supporting a huge 1 percentage point increase in the Fed's key short-term interest rate later this month if upcoming ec
Jul 14, 2022 2:32 PM
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Officials suggest pipeline company hid problems after spill
BILLINGS, Mont. (AP) — U.S.
Jul 14, 2022 2:31 PM
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Closing employment gap for Indigenous youth key to addressing labour shortage: Study
HALIFAX — Closing the employment gap for Indigenous youth in Atlantic Canada is key to easing the region's acute labour shortage, new research released Thursday said.
Jul 14, 2022 2:30 PM
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Italian Premier Mario Draghi says he will resign
ROME (AP) — Italian Premier Mario Draghi has told his Cabinet he will offer his resignation on Thursday evening to the president, following the refusal of a coalition ally to support a government bill.
Jul 14, 2022 1:00 PM
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