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Powell: Fed could keep lifting rates sharply 'for some time'

Powell: Fed could keep lifting rates sharply 'for some time'

JACKSON HOLE, Wyoming (AP) — Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed will likely impose more large interest rate hikes in coming months and is resolutely focused on taming the highest inflation in four decades .
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Canada's real estate market is cooling. Here's what to expect this fall

Canada's real estate market is cooling. Here's what to expect this fall

TORONTO — After fuelling Canada's economy through the COVID-19 pandemic, the real estate market is showing signs of weakness as home prices fall and bidding wars dissipate. It's welcome news for prospective buyers hoping for a better price.
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Britain to see 80% spike in energy bills as crisis deepens

Britain to see 80% spike in energy bills as crisis deepens

LONDON (AP) — Jennifer Jones keeps feeding money into her energy meter , but it never seems to be enough. And when she can’t pay, she feels the impact immediately.
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California phasing out gas vehicles in climate change fight

California phasing out gas vehicles in climate change fight

SACRAMENTO, Calif. (AP) — California set itself on a path Thursday to end the era of gas-powered cars, with air regulators adopting the world's most stringent rules for transitioning to zero-emission vehicles.
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Waterloo's OpenText to acquire U.K. software giant Micro Focus in $6B deal

Waterloo's OpenText to acquire U.K. software giant Micro Focus in $6B deal

Waterloo, Ont.-based tech company OpenText says it will acquire Micro Focus International plc in a deal valued at $6 billion. The all-cash deal will see OpenText acquire the U.K.
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Many Canadian doctors struggle with burnout, depression and anxiety: survey

Many Canadian doctors struggle with burnout, depression and anxiety: survey

TORONTO — The well-being of physicians across Canada has significantly decreased with many doctors reporting poorer mental health than before the COVID-19 pandemic, a new survey suggests.
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,172.34, up 150.96 points.) Barrick Gold Corp. (TSX:ABX). Materials. Down four cents, or 0.19 per cent, to $21.15 on 17.
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North American markets move higher as investors await Jackson Hole conference

North American markets move higher as investors await Jackson Hole conference

Canada's main stock index gained more than 150 points Thursday and U.S. markets also edged higher in advance of a highly anticipated meeting of the U.S. Federal Reserve in Jackson Hole, Wyo. The S&P/TSX composite index closed up 150.
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TD Bank follows peers in preparing for economic downturn, hitting Q3 profit

TD Bank follows peers in preparing for economic downturn, hitting Q3 profit

TORONTO — TD Bank Group followed several of its peers in reporting a profit drop for the third quarter as banks set aside funds for a potential recession ahead, even as loans continued to grow and consumer savings rates remained elevated.
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Bank of Canada starts search for new deputy governor with revised role

Bank of Canada starts search for new deputy governor with revised role

OTTAWA — The Bank of Canada has started its search for its next deputy governor, which it says will now be a part-time, non-executive role. The fourth deputy governor of the central bank will replace Timothy Lane, who is set to retire on Sept. 16.
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