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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.
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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.
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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.
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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.
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Fed attacks inflation with its largest rate hike since 1994

Fed attacks inflation with its largest rate hike since 1994

WASHINGTON (AP) — The Federal Reserve intensified its fight against high inflation on Wednesday, raising its key interest rate by three-quarters of a point — the largest bump since 1994 — and signaling more rate hikes ahead as it tries to cool off th
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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 (19,611.56, up 63.05 points.) Canadian Natural Resources (TSX:CNQ). Energy. Down $1.30, or 1.7 per cent, to $77.18 on 13.
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North American stock markets climb after Fed adopts largest rate hike since 1994

North American stock markets climb after Fed adopts largest rate hike since 1994

TORONTO — North American stock markets broke multi-day losing streaks after the U.S. Federal Reserve adopted the largest interest rate increase since 1994 and vowed to remain aggressive in tackling soaring inflation.
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Bank of Canada likely to mirror 0.75% Fed hike next month: economists

Bank of Canada likely to mirror 0.75% Fed hike next month: economists

The Federal Reserve raising its key interest rate by three-quarters of a percentage point — its largest hike since 1994 — increases the odds of the Bank of Canada following suit next month, economists say. The U.S.
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Retail sales in May slip 0.3% amid surging inflation

Retail sales in May slip 0.3% amid surging inflation

NEW YORK (AP) — Americans trimmed their spending unexpectedly in May compared with a month before, underscoring how surging inflation on daily necessities like gas is causing them to be more cautious about buying discretionary items. U.S.
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As dairy commission examines milk prices behind closed doors, transparency questioned

As dairy commission examines milk prices behind closed doors, transparency questioned

Dairy industry observers are raising concerns about a lack of transparency in how the price of milk is set in Canada as a Crown corporation considers a rare request to raise prices for the second time this year.
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