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National Business
National Business
US applications for jobless benefits inch higher but remain at historically healthy levels
The number of Americans applying for jobless benefits inched up last week but remains low by historical standards, even with the Federal Reserve's aggressive interest rate hikes meant to cool the economy and taper lingering inflation.
Nov 2, 2023 5:47 AM
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Bank of England keeps main UK interest rate at 15-year high of 5.25% and cautions over oil prices
LONDON (AP) — The Bank of England kept its main interest rate unchanged on Thursday at the 15-year high of 5.
Nov 2, 2023 5:38 AM
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Barrick Gold reports US$368M Q3 profit, up from US$241M a year ago
TORONTO — Barrick Gold Corp. reported a third-quarter profit of US$368 million, up from US$241 million a year earlier, helped by higher gold prices. The Toronto-based gold miner, which keeps its books in U.S.
Nov 2, 2023 4:01 AM
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Countries at a UK summit pledge to tackle AI's potentially 'catastrophic' risks
BLETCHLEY PARK, England (AP) — Delegates from 28 nations, including the U.S. and China, agreed Wednesday to work together to contain the potentially “catastrophic” risks posed by galloping advances in artificial intelligence.
Nov 1, 2023 6:11 PM
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Federal government to level out number of new permanent residents in Canada in 2026
OTTAWA — The federal government plans to level out the number of new permanent residents to Canada in 2026 in reaction to a crunch on housing and other services, the immigration minister announced Wednesday.
Nov 1, 2023 4:38 PM
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N.L. wants details on environmental impact before hydrogen project can move forward
ST. JOHN'S, N.L. — The Newfoundland and Labrador government has asked the company vying to build one of the country's first large-scale green hydrogen plants to provide more information about the project's effects on the environment.
Nov 1, 2023 3:28 PM
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Parkland Corp.'s third-quarter earnings double on strong refinery performance
CALGARY — Fuel retailer Parkland Corp. says its third-quarter earnings more than doubled in 2023 thanks to favourable market conditions and the company's ongoing efforts to optimize its Burnaby refinery.
Nov 1, 2023 3:18 PM
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Federal Reserve leaves its key rate unchanged but keeps open possibility of a future hike
WASHINGTON (AP) — The Federal Reserve kept its key short-term interest rate unchanged Wednesday for a second straight time but left the door open to further rate hikes if inflation pressures should accelerate in the months ahead.
Nov 1, 2023 3:01 PM
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Upcoming mortgage renewals part of why BoC held rate at 5%: Macklem
OTTAWA — Bank of Canada governor Tiff Macklem says the central bank held its key interest rate at five per cent in part because of the effect a wave of upcoming mortgage renewals is expected to have on the economy.
Nov 1, 2023 2:55 PM
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Poilievre challenges Trudeau to lift carbon tax off all heating until next election
OTTAWA — The Conservatives moved Wednesday to make carbon pricing the ballot box question in the next federal election, seizing on public anxiety about affordability and seeing a crack in the Liberal government's carbon-price armour.
Nov 1, 2023 2:54 PM
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