Skip to content

National Business

Cooler hiring in June could help the Fed achieve an elusive 'soft landing' for US economy

Cooler hiring in June could help the Fed achieve an elusive 'soft landing' for US economy

WASHINGTON (AP) — Another month, another solid gain for America's job market. The pace of hiring by businesses and government agencies in June — 209,000 added jobs — was the smallest monthly gain in 2 1/2 years.
Read more >
U.S. destroys last of its declared chemical weapons, closing a deadly chapter dating to World War I

U.S. destroys last of its declared chemical weapons, closing a deadly chapter dating to World War I

RICHMOND, Ky.
Read more >
Bank of Canada expected to raise rates next week, despite rise in unemployment rate

Bank of Canada expected to raise rates next week, despite rise in unemployment rate

OTTAWA — The Canadian labour market is showing some signs of softening as the unemployment rate rises and wage growth slows, but with another solid job gain in June, forecasters are still expecting an interest rate hike by the Bank of Canada next wee
Read more >
US Treasury chief Yellen and China's No. 2 aim for improved communication after trade disputes

US Treasury chief Yellen and China's No. 2 aim for improved communication after trade disputes

BEIJING (AP) — U.S. Treasury Secretary Janet Yellen and Chinese Premier Li Qiang expressed hopes Friday for better communication as Yellen appealed to Beijing not to let frustration over U.S. curbs on technology exports disrupt economic cooperation.
Read more >
SNC-Lavalin to sell Scandinavian division in first big move in its strategic review

SNC-Lavalin to sell Scandinavian division in first big move in its strategic review

MONTREAL — SNC-Lavalin Group Inc. says it has made a deal to sell its Scandinavian engineering business to a French consulting firm, the first big move under its strategic review.
Read more >
'Missed opportunity' for Canada at summit on climate reform of developing world loans

'Missed opportunity' for Canada at summit on climate reform of developing world loans

OTTAWA — Foreign-aid and climate advocates say Ottawa needs to do much more to help developing countries brace for climate chaos without going broke, after Canada's uninspiring contribution to a summit last month that aimed at reforming global financ
Read more >
Global Fuels to acquire U.K.-based Greenergy's Canadian gas station network

Global Fuels to acquire U.K.-based Greenergy's Canadian gas station network

BURLINGTON, ON — Ontario-based Global Fuels Inc. says it has signed a deal to acquire all of U.K.-based Greenergy's Canadian retail fuel business.
Read more >
Twitter threatens legal action against Meta over its new rival app Threads

Twitter threatens legal action against Meta over its new rival app Threads

NEW YORK (AP) — Twitter has threatened legal action against Meta over its new text-based app called Threads , which has drawn tens of millions of users since launching this week as a rival to Elon Musk’s social media platform.
Read more >
National employment numbers for June from Statistics Canada, at a glance

National employment numbers for June from Statistics Canada, at a glance

OTTAWA — A quick look at Canada's June employment (numbers from the previous month in brackets): Unemployment rate: 5.4 per cent (5.2) Employment rate: 62.2 per cent (62.1) Participation rate: 65.7 per cent (65.
Read more >
Here's a quick glance at unemployment rates for June, by province

Here's a quick glance at unemployment rates for June, by province

OTTAWA — Canada's national unemployment rate was 5.4 per cent in June. Here are the jobless rates last month by province (numbers from the previous month in brackets): _ Newfoundland and Labrador 8.8 per cent (10.2) _ Prince Edward Island 8.
Read more >