Tag Archives: business

OTTAWA - A major global credit rating agency is issuing a new warning about federal debt that it says may become more difficult to tackle once the pandemic passes. Fitch Ratings downgraded Canada...

OTTAWA - The head of the Bank of Canada made an international pitch to his fellow central bankers on Thursday to forge closer ties with average citizens to manage economic expectations through the pan...

SILVER SPRING, Md. - More Americans signed contracts to buy homes in July, suggesting the current hot housing market could continue in the fall. The National Association of Realtors said Thursday that...

WASHINGTON - Just over 1 million Americans applied for unemployment benefits last week, a sign that the coronavirus outbreak continues to threaten jobs even as the housing market, auto sales and other...

BALTIMORE - The U.S. economy shrank at an alarming annual rate of 31.7% during the April-June quarter as it struggled under the weight of the viral pandemic, the government estimated Thursday. It was ...

NEW YORK - The energy industry braced Wednesday for catastrophic storm surges and winds as Hurricane Laura cuts a dangerous path toward the coastlines of Texas and Louisiana. Oil and gas producers hav...

OTTAWA - The parliamentary budget office says a one-time payment to people with disabilities this fall will cost the federal treasury $792 million. The majority of that amount will go to about 1.67 mi...

OTTAWA - The second-in-command at the Bank of Canada said Wednesday that any changes to the underpinning of its monetary policy will be judged against how it affects the distribution of inco...

WASHINGTON - Orders to U.S. factories for big-ticket manufactured goods jumped 11.2% in July, the third consecutive monthly gain. And the jump last month was even larger than the 7.7% increase in June...

OTTAWA - Canadians believe that official inflation measures don't reflect the rising costs they face, a senior Bank of Canada official says, with COVID-19 pandemic further widening the gap b...