Skip to content

National Business

Federal Reserve minutes: Officials saw inflation slowing but will monitor data to ensure progress

Federal Reserve minutes: Officials saw inflation slowing but will monitor data to ensure progress

WASHINGTON (AP) — Federal Reserve officials concluded earlier this month that inflation was steadily falling and agreed to closely monitor incoming data to ensure that the pace of price increases would continue slowing toward their 2% target, accordi
Read more >
Here's how October's inflation data could affect mortgage renewals

Here's how October's inflation data could affect mortgage renewals

TORONTO — October's inflation rate fell to 3.1 per cent on a year-to-year basis — down from 3.8 per cent in September — mainly driven by lower gasoline prices, Statistics Canada reported on Tuesday.
Read more >
Founder of Binance, world’s largest crypto exchange, pleads guilty to anti-money laundering charge

Founder of Binance, world’s largest crypto exchange, pleads guilty to anti-money laundering charge

SEATTLE (AP) — The founder of Binance, the world’s largest cryptocurrency exchange, pleaded guilty Tuesday to a felony charge that he failed to take steps to prevent money laundering as the company agreed to pay more than $4 billion following an inve
Read more >
Airline ticket prices fall 19 per cent amid less demand, more flights

Airline ticket prices fall 19 per cent amid less demand, more flights

Statistics Canada says airfares have plummeted over the past year, as airlines shore up capacity even while consumers think twice about travelling in a world of higher costs.
Read more >
Freedom Mobile ups roaming plan offerings as revamp under Quebecor continues

Freedom Mobile ups roaming plan offerings as revamp under Quebecor continues

TORONTO — Freedom Mobile is announcing a new international roaming plan that provides its customers unlimited calling and texting in 73 destinations as it continues to roll out new offerings since being acquired by Quebecor Inc.-subsidiary Videotron.
Read more >
TransAlta going greener as it maps out $3.5B in spending, mainly on renewables

TransAlta going greener as it maps out $3.5B in spending, mainly on renewables

CALGARY — One of Alberta's largest power generators says more than two-thirds of its profits will come from renewable electricity production by 2028 — a major transformation for a company that once was one of the largest emitters of greenhouse gases
Read more >
Home sales slumped to slowest pace in more than 13 years in October as prices, borrowing costs, soar

Home sales slumped to slowest pace in more than 13 years in October as prices, borrowing costs, soar

LOS ANGELES (AP) — Sales of previously occupied U.S. homes slumped in October to their slowest pace in more than 13 years as surging mortgage rates and rising prices kept many prospective homebuyers on the sidelines. Existing home sales fell 4.
Read more >
Do your research for Black Friday, because not every deal is a good one, experts warn

Do your research for Black Friday, because not every deal is a good one, experts warn

The barrage of Black Friday advertisements might have many tempted to whip out their wallets, but experts caution against unnecessary discretionary purchases this year amid inflation and the skyrocketing cost of living.
Read more >
Stock market today: Wall Street opens lower after a weekslong rally

Stock market today: Wall Street opens lower after a weekslong rally

NEW YORK (AP) — Wall Street is slipping in early trading, a rare drop following a rally that vaulted it to the highest level since the start of August. The S&P 500 was 0.3% lower in the early going Tuesday.
Read more >
Here's a list of October inflation rates for selected Canadian cities

Here's a list of October inflation rates for selected Canadian cities

OTTAWA — Canada's annual inflation rate was 3.1 per cent in October, Statistics Canada says.
Read more >