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Fed's preferred inflation gauge shows a modest rise in latest sign of slowing price increases

Fed's preferred inflation gauge shows a modest rise in latest sign of slowing price increases

WASHINGTON (AP) — An inflation gauge closely tracked by the Federal Reserve remained low last month, adding to signs of cooling price increases and raising the likelihood that the Fed will leave interest rates unchanged when it next meets in late Sep
US applications for jobless claims inch back down as companies hold on to their employees

US applications for jobless claims inch back down as companies hold on to their employees

U.S. applications for unemployment benefits fell slightly last week as companies held on to employees in an economy that has largely withstood rapidly rising interest rates, intended to cool hiring and spending, for more than a year.
MDA signs deal to buy digital payload division of SatixFy Communications

MDA signs deal to buy digital payload division of SatixFy Communications

BRAMPTON, Ont. — MDA Ltd. has signed an agreement to buy the digital payload division of SatixFy Communications Ltd. in a deal valued at US$40 million. MDA chief executive Mike Greenley says the deal for SatixFy Space Systems UK Ltd.
Tidewater signs deal to sell Pipestone and Dimsdale assets to AltaGas for $650M

Tidewater signs deal to sell Pipestone and Dimsdale assets to AltaGas for $650M

CALGARY — Tidewater Midstream and Infrastructure Ltd. has signed a deal to sell its Pipestone natural gas plant and expansion project as well as its Dimsdale natural gas storage facility to AltaGas Ltd. for $650 million in cash and shares.
Tesla is allowing no-hands driving with Autopilot for longer periods. US regulators have questions

Tesla is allowing no-hands driving with Autopilot for longer periods. US regulators have questions

DETROIT (AP) — Tesla is allowing some drivers to use its Autopilot driver-assist system for extended periods without making them put their hands on the steering wheel, a development that has drawn concern from U.S. safety regulators.
Millions more workers would be entitled to overtime pay under a proposed Biden administration rule

Millions more workers would be entitled to overtime pay under a proposed Biden administration rule

NEW YORK (AP) — The Biden administration proposed a new rule Wednesday that would make 3.6 million more U.S. workers eligible for overtime pay, the most generous such increase in decades.
Air Canada slashing routes out of Calgary in face of ongoing pilot shortage

Air Canada slashing routes out of Calgary in face of ongoing pilot shortage

CALGARY — Air Canada is slashing six major routes out of Calgary this winter, in part due to an industry-wide pilot shortage that the carrier says threatens its "overall operational stability.
N.B. forest strategy lauded for conservation, criticized for lack of tree diversity

N.B. forest strategy lauded for conservation, criticized for lack of tree diversity

FREDERICTON — For the first time, the New Brunswick government is considering the risks of climate change in its long-term forest-management strategy, but critics say the province's interests are still too weighted in favour of industry over environm
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,330.32, up 39.91 points): Canopy Growth Corp. (TSX:WEED). Healthcare. Up five cents, or 9.09 per cent, to 60 cents on 10.
S&P/TSX composite ticks higher on energy, tech and metals, U.S. markets also rise

S&P/TSX composite ticks higher on energy, tech and metals, U.S. markets also rise

TORONTO — Strength in energy, technology and battery metals stocks helped Canada's main stock index tick higher Wednesday, while U.S. stock markets also rose.