Tag Archives: business

DETROIT - President Donald Trump issued an order Friday that seeks to force General Motors to produce ventilators for coronavirus patients under the Defence Production Act. Trump said negotiations wit...

OTTAWA - Parliament's budget watchdog is projecting that the federal deficit for the coming fiscal year could be $112.7 billion, a jump of $89.5 billion from previous forecasts as government spending ...

OTTAWA - Canada's central bank made yet another unscheduled rate cut Friday to bring its key interest target down to a crisis-level low, and the federal government upped its financial l...

Wall Street closed lower Friday but still notched big gains for the week as investors held out hope that a $2 trillion rescue package will cushion businesses and households from the economic devastati...

DUBAI, United Arab Emirates - The head of the United Nations told leaders of the world's 20 major industrialized nations during an emergency virtual summit Thursday that "we are at war with a virus - ...

OTTAWA - The newly created benefit for workers whose livelihoods are affected by COVID-19 may be a model for how the federal government helps unemployed Canadians in the future, Employment Minister Ca...

WASHINGTON - The economy grew by a moderate 2.1% in the fourth quarter of last year, but many economists believe that will be the last positive growth seen for some time as the country endures a sharp...

OTTAWA - The federal government is asking banks and credit-card companies to lower interest rates for Canadians, many of whom are struggling financially because of the COVID-19 pandemic. The gove...

WASHINGTON - Nearly 3.3 million Americans applied for unemployment benefits last week - almost five times the previous record set in 1982 - amid a widespread economic shutdown caused by the coronaviru...

CALGARY - Canada's agriculture sector is warning of higher prices and potential food shortages if it isn't designated an essential service and allowed to do business as usual during the COVI...