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National Business
US wholesale inflation fell in July for 1st time in 2 years
WASHINGTON (AP) — Prices at the wholesale level fell from June to July, the first month-to-month drop in more than two years and a sign that some of the U.S. economy's inflationary pressures cooled last month.
Aug 11, 2022 10:55 AM
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How rising interest rates are making GICs more attractive for investors
OTTAWA — Rising interest rates might be bad news for Canadians with mortgages, but it also means higher rates on savings vehicles such as guaranteed investment certificates (GICs), prompting renewed interest in the investments.
Aug 11, 2022 10:00 AM
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US unemployment claims rise by 14,000 to 262,000
WASHINGTON (AP) — The number of Americans who signed up for unemployment benefits rose last week to the highest level since November, though the U.S. job market continues to show signs of strength.
Aug 11, 2022 8:40 AM
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Big Mac is coming back: McDonald's to reopen in Ukraine
CHICAGO (AP) — McDonald's will start reopening some of its restaurants in Ukraine in the coming months, a symbol of the war-torn country's return to some sense of normalcy and a show of support after the American fast-food chain pulled out of Russia
Aug 11, 2022 8:40 AM
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Brookfield reports profit fell in the second quarter, revenue up
Brookfield Asset Management Inc. reported second-quarter net income attributable to common shareholders that was lower than the previous year, as revenue rose. The alternative asset manager, which keeps its books in U.S.
Aug 11, 2022 8:22 AM
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Housing correction gaining pace, to continue through next year: report
OTTAWA — Desjardins is forecasting the average home price in Canada will decline by nearly 25 per cent by the end of 2023 from the peak reached in February of this year.
Aug 11, 2022 8:00 AM
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Gas prices dip just below $4 for the first time in 5 months
Gasoline prices dipped to just under the $4 mark for the first time in more than five months — good news for consumers who are struggling with high prices for many other essentials. AAA said the national average for a gallon of regular was $3.
Aug 11, 2022 5:24 AM
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Cancellation of Atlanta festival sparks new fight over guns
ATLANTA (AP) — Tens of thousands of Music Midtown festivalgoers are no longer going to descend on Atlanta’s massive Piedmont Park next month to cheer on hip-hop star Future or watch beloved rock band My Chemical Romance take the stage.
Aug 11, 2022 1:06 AM
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Metallica, Mariah Carey headline Global Citizen NYC concert
NEW YORK (AP) — Metallica, Mariah Carey and The Jonas Brothers will headline a free concert in New York’s Central Park next month marking the 10th anniversary of the Global Citizen Festival organized by the international nonprofit fighting extreme po
Aug 11, 2022 12:04 AM
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Indigo reports $25.4M loss in Q2; results reflect the end of COVID support programs
TORONTO — Indigo Books and Music Inc. says it lost $25.4 million in the 13-week period ended July 2 in spite of double-digit sales growth in both its print and general merchandise categories.
Aug 10, 2022 6:52 PM
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