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National Business
Former BoC governor Stephen Poloz warns against entrenching inflation in expectations
BANFF, Alta. — Preventing current high inflation levels from becoming embedded into the public's expectations is key if the country is to avoid falling into recession, former Bank of Canada governor Stephen Poloz said Thursday.
Sep 22, 2022 2:32 PM
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S&P/TSX composite down, U.S. stock markets also lower in volatile trading
TORONTO — Canadian and U.S. markets were again under pressure Thursday after the Federal Reserve rate decision a day earlier indicated more rate hikes, and economic pain, to come.
Sep 22, 2022 2:21 PM
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Wall Street ends lower as global central banks raise rates
BEIJING — Stocks closed lower on Wall Street, deepening their losses for the week, as central banks around the world raised interest rates to fight inflation. The S&P 500 fell 0.8% Thursday.
Sep 22, 2022 1:10 PM
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Loonie slides after Fed rate hike as investors retreat to safehaven U.S. dollar
TORONTO — The Canadian dollar slid lower again Thursday, hitting lows not seen in more than two years, a day after the U.S. Federal Reserve raised its key interest rate by three-quarters of a percentage point.
Sep 22, 2022 1:10 PM
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Canada Jetlines, latest airline to enter the crowded field, lands first flight
The next airline hoping to pose a threat to the country's Air Canada-WestJet duopoly has landed its inaugural flight.
Sep 22, 2022 12:52 PM
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Powell's stark message: Inflation fight may cause recession
WASHINGTON (AP) — The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession.
Sep 22, 2022 10:54 AM
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Pot sector wants packaging changes, financial relief from Cannabis Act review
TORONTO — Canada’s cannabis industry is hoping a newly launched review of the legislation that paved the way for the recreational use and sale of pot will help the sector stave off more financial difficulties.
Sep 22, 2022 9:27 AM
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New taxes on banks and life insurers will generate $5.3 billion over five years: PBO
OTTAWA — Proposed new federal taxes on some financial institutions could generate $5.3 billion over the next five years, the parliamentary budget officer estimated in two new reports issued Thursday.
Sep 22, 2022 9:12 AM
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Prada, Max Mara back to pre-pandemic splendor in Milan
MILAN (AP) — Pre-pandemic fashion delirium is back.
Sep 22, 2022 9:10 AM
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Hydro One to offer First Nations chance to invest in transmission projects
TORONTO — Hydro One is offering First Nations a chance to invest in a 50 per cent equity stake in new capital transmission line projects worth more than $100 million.
Sep 22, 2022 8:13 AM
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