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Canadian and U.S. stock markets down sharply after Powell speech

Canadian and U.S. stock markets down sharply after Powell speech

North American stock markets were down sharply Friday as investors reacted negatively to a speech by Federal Reserve chair Jerome Powell in which he said he expects to keep interest rates high in his fight against inflation.
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Powell: Fed's inflation fight could bring 'pain,' job losses

Powell: Fed's inflation fight could bring 'pain,' job losses

JACKSON HOLE, Wyoming (AP) — Federal Reserve Chair Jerome Powell delivered a stark warning Friday about the Fed’s determination to fight inflation with more sharp interest rate hikes: It will likely cause pain for Americans in the form of a weaker ec
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B.C. cannabis stores close, lay off staff as job action prevents pot deliveries

B.C. cannabis stores close, lay off staff as job action prevents pot deliveries

Some of British Columbia's cannabis stores say they're shutting their doors and laying off staff after a labour dispute in the public sector has stopped the province's pot distribution centre from shipping product since early last week.
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CWB Financial Group reports Q3 profit down from year ago on downturn prep

CWB Financial Group reports Q3 profit down from year ago on downturn prep

EDMONTON — CWB Financial Group said Friday that earnings were hit in the last quarter as it set aside more funds for bad loans and saw its interest margin dip, but that it also saw loan growth as it continues its expansion into Ontario.
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In wake of LaFlamme's exit, brands should be wary when jumping on hot topics: experts

In wake of LaFlamme's exit, brands should be wary when jumping on hot topics: experts

TORONTO — Marketing experts say brands that have advertised themselves with a nod to CTV National News host Lisa LaFlamme's recent dismissal should beware of blowback.
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Inflation eases as consumer prices rise 6.3% in July

Inflation eases as consumer prices rise 6.3% in July

WASHINGTON (AP) — Inflation eased last month as energy prices tumbled, raising hopes that the surging costs of everything from gasoline to food may have peaked.
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Ottawa posts $10.2-billion surplus in first quarter of fiscal year

Ottawa posts $10.2-billion surplus in first quarter of fiscal year

OTTAWA — The federal government posted a surplus of $10.2 billion in the first quarter of the fiscal year. According to the Finance Department's monthly fiscal monitor report, the surplus posted for April to June compared with a deficit of $36.
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Powell: Fed could keep lifting rates sharply 'for some time'

Powell: Fed could keep lifting rates sharply 'for some time'

JACKSON HOLE, Wyoming (AP) — Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed will likely impose more large interest rate hikes in coming months and is resolutely focused on taming the highest inflation in four decades .
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Canada's real estate market is cooling. Here's what to expect this fall

Canada's real estate market is cooling. Here's what to expect this fall

TORONTO — After fuelling Canada's economy through the COVID-19 pandemic, the real estate market is showing signs of weakness as home prices fall and bidding wars dissipate. It's welcome news for prospective buyers hoping for a better price.
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Britain to see 80% spike in energy bills as crisis deepens

Britain to see 80% spike in energy bills as crisis deepens

LONDON (AP) — Jennifer Jones keeps feeding money into her energy meter , but it never seems to be enough. And when she can’t pay, she feels the impact immediately.
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