Skip to content

National Business

Extending mortgage period could keep payments in check even as rates rise

Extending mortgage period could keep payments in check even as rates rise

OTTAWA — Canadian homeowners may be in for a shock when it's time to renew their mortgages, since rising interest rates mean their monthly loan payments will likely climb higher, too.
Read more >
Bank of England hikes interest rates but resists bolder move

Bank of England hikes interest rates but resists bolder move

LONDON (AP) — The Bank of England raised interest rates by a quarter-percentage point Thursday, shrugging off pressure for a bolder move to combat price increases that have pushed inflation to a 40-year high .
Read more >
Statistics Canada says wholesale sales down 0.5 per cent in April to $79.8 billion

Statistics Canada says wholesale sales down 0.5 per cent in April to $79.8 billion

OTTAWA — Statistics Canada says wholesale sales fell 0.5 per cent in April to $79.8 billion as the miscellaneous goods and the building materials and supplies subsectors posted the largest declines.
Read more >
Mo'Nique, Netflix reportedly settle her suit alleging bias

Mo'Nique, Netflix reportedly settle her suit alleging bias

LOS ANGELES (AP) — Mo'Nique and Netflix reportedly have settled her lawsuit that accused the streaming service of racial and sexual discrimination for allegedly making her a lowball offer for a proposed comedy special.
Read more >
Pakistani govt chided for 'Drink less tea, save money' plea

Pakistani govt chided for 'Drink less tea, save money' plea

ISLAMABAD (AP) — A minister in Pakistan's newly elected government faced criticism Wednesday following his plea to the nation to drink less tea to help save on imports amid a deepening economic crisis.
Read more >
Asian shares gain after Fed assurance on rates lifts Wall St

Asian shares gain after Fed assurance on rates lifts Wall St

TOKYO (AP) — Asian shares advanced Thursday after the Federal Reserve raised its key interest rate by three-quarters of a point and signaled more rate hikes were coming to fight inflation.
Read more >
Wealthsimple laying off 13 per cent of staff amid 'immense volatility'

Wealthsimple laying off 13 per cent of staff amid 'immense volatility'

TORONTO — Wealthsimple is laying off 13 per cent of its workforce as the financial services company joins the slew of global technology businesses facing market "immense volatility.
Read more >
Canadian National Railway says it has received 72-hour strike notice from IBEW union

Canadian National Railway says it has received 72-hour strike notice from IBEW union

MONTREAL — Canadian National Railway Co. says it has been given 72-hour strike notice by the International Brotherhood of Electrical Workers. CN says the union represents about 750 of its signals and communications employees across the country.
Read more >
FAA says future planes will need to reduce carbon emissions

FAA says future planes will need to reduce carbon emissions

WASHINGTON (AP) — The Biden administration proposed Wednesday that future planes produce lower levels of greenhouse gas emissions before they can be certified by federal regulators.
Read more >
Glass Lewis says majority of Shopify shareholders opposed 'founder share' plan

Glass Lewis says majority of Shopify shareholders opposed 'founder share' plan

OTTAWA — Investor advisory firm Glass Lewis & Co. says Shopify Inc.’s plan to augment founder Tobi Lütke's power in the e-commerce company only passed because of the support from an early company investor and director.
Read more >