National Business

OTTAWA — Bank of Canada senior deputy governor Carolyn Rogers says a period of lower economic growth is necessary to bring inflation down but that the bank still expects to accomplish its goal of lowering inflation without triggering a recession.

TORONTO — Dye & Durham Ltd. says Australia's competition regulator will not oppose the company's acquisition of Link Group.

MONTREAL — Tour operator Transat A.T. Inc. says it's on track for a strong winter travel season amid a rebound in sun destination sales that promise to match pre-pandemic levels.

TORONTO — New research from KPMG shows investment in Canadian financial technology companies has dropped by more than 50 per cent in the first half of the year.

WASHINGTON (AP) — The last time the Federal Reserve faced inflation as high as it is now , in the early 1980s, it jacked up interest rates to double-digit levels — and in the process caused a deep recession and sharply higher unemployment.

FRANKFURT, Germany (AP) — The European Central Bank made its largest-ever interest rate increase Thursday, following the U.S.

TORONTO — When Addy Bhatia was laid off from Wealthsimple in June, he covered his bills by relying on strategies that got him through four layoffs in the last two years.

KYIV, Ukraine (AP) — U.S. Secretary of State Antony Blinken paid an unannounced visit to Kyiv on Thursday as the Biden administration announced major new military aid worth more than $2.

WASHINGTON (AP) — The number of Americans filing for unemployment benefits last week fell to its lowest level since May despite repeated attempts by the Federal Reserve to cool the economy and bring inflation under control.

OTTAWA — Shopify Inc. named Jeff Hoffmeister as its next chief financial officer, replacing Amy Shapero, who is stepping down following the company's third-quarter earnings to be released on Oct. 27.