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National Business
National Business
North American stock markets gyrate and climb in reaction to Fed rate hike
TORONTO — North American stock markets gyrated midweek after the U.S. Federal Reserve raised interest rates and pointed to six more hikes this year as inflation is expected to remain hot while economic growth is forecast to slow.
Mar 16, 2022 5:31 PM
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Canada, Ontario commit millions for Honda plant upgrades to manufacture hybrid cars
Canada's prime minister and Ontario's premier announced millions in funding support for domestic hybrid car production on Tuesday but both leaders dodged questions on the possibility of incentives to help Canadians buy them.
Mar 16, 2022 3:16 PM
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How expensive are food products getting in Canada? A breakdown of some popular items
Canadians can’t seem to catch a break at the grocery store as food prices continue to soar. Statistics Canada reported Wednesday that food prices rose 7.4 per cent in February compared with a year ago.
Mar 16, 2022 1:53 PM
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Couche-Tard says consumers better positioned to absorb fuel prices than '08 recession
Alimentation Couche-Tard Inc. says an improved economy and reopening from COVID-19 restrictions should allow consumers to absorb the pain of higher prices at the pump resulting from surging crude prices.
Mar 16, 2022 1:42 PM
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Lake Powell hits historic low, raising hydropower concerns
SALT LAKE CITY (AP) — A massive reservoir known as a boating mecca dipped below a critical threshold on Tuesday raising new concerns about a source of power that millions of people in the U.S. West rely on for electricity.
Mar 16, 2022 11:27 AM
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US retail spending slows as inflation starts to bite
NEW YORK (AP) — After beginning the year in a buying mood, Americans slowed their spending in February on gadgets, home furnishings and other discretionary items as higher prices for food, gasoline, and shelter are taking a bigger bite out of their w
Mar 16, 2022 11:06 AM
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Here's a list of February inflation rates for selected Canadian cities
OTTAWA — Canada's national annual inflation rate was 5.7 per cent in February, Statistics Canada says.
Mar 16, 2022 9:11 AM
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Here's a list February inflation rates for Canadian provinces
OTTAWA — Canada's national annual inflation rate was 5.7 per cent in February, Statistics Canada says. Here's what happened in the provinces (previous month in brackets): — Newfoundland and Labrador: 5.1 per cent (4.0) — Prince Edward Island: 7.
Mar 16, 2022 9:11 AM
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Statistics Canada says wholesale sales rose 4.2 per cent in January
OTTAWA — Statistics Canada says wholesale sales rose 4.2 per cent in January to $79.8 billion, helped by gains in sales of building material and supplies, personal and household goods, and machinery, equipment and supplies.
Mar 16, 2022 8:59 AM
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Starbucks CEO to retire; founder Schultz to be interim chief
Starbucks President and CEO Kevin Johnson said Wednesday he will retire next month, and former CEO and company founder Howard Schultz will replace him on an interim basis.
Mar 16, 2022 8:07 AM
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