Skip to content

National Business

Canadian retail sales up 0.6% in October, buoyed by vehicle purchases

Canadian retail sales up 0.6% in October, buoyed by vehicle purchases

OTTAWA — Statistics Canada says retail sales rose 0.6 per cent to $67.6 billion in October, led by increases in vehicle sales. Core retail sales — which exclude gasoline stations, fuel vendors and motor vehicle and parts dealers — rose 0.2 per cent.
Read more >
Federal Reserve's preferred inflation gauge shows price pressures eased last month

Federal Reserve's preferred inflation gauge shows price pressures eased last month

WASHINGTON (AP) — An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains. Friday’s report from the government showed that prices rose just 0.
Read more >
Federal Reserve's preferred inflation gauge shows price pressures eased last month

Federal Reserve's preferred inflation gauge shows price pressures eased last month

WASHINGTON (AP) — An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains. Friday’s report from the government showed that prices rose just 0.
Read more >
CPPIB spending $690M for minority stake in software firm Regnology

CPPIB spending $690M for minority stake in software firm Regnology

TORONTO — The Canada Pension Plan Investment Board says it has committed about $690 million to buy a significant minority stake in software provider Regnology.
Read more >
Tax holiday boosting spending at retailers, restaurants: industry groups

Tax holiday boosting spending at retailers, restaurants: industry groups

Almost a week into the GST holiday, retailers and restaurant owners appear on track for a sales boost despite some of the struggles they faced implementing the temporary break.
Read more >
Alberta government's Green Line report raises feasibility questions: Gondek

Alberta government's Green Line report raises feasibility questions: Gondek

CALGARY — A report on the Alberta government's proposed alignment for Calgary's Green Line light-rail transit project raises questions about the feasibility of an above-ground track, says Mayor Jyoti Gondek.
Read more >
House rejects Trump-backed plan on government shutdown, leaving next steps uncertain

House rejects Trump-backed plan on government shutdown, leaving next steps uncertain

WASHINGTON (AP) — The House rejected President-elect Donald Trump's new plan Thursday to fund federal operations and suspend the debt ceiling a day before a government shutdown, as Democrats refused to accommodate his sudden demands and the quick fix
Read more >
Man accused in UnitedHealthcare CEO killing faces federal charge that's eligible for death penalty

Man accused in UnitedHealthcare CEO killing faces federal charge that's eligible for death penalty

NEW YORK (AP) — The man accused of killing UnitedHealthcare’s CEO was whisked back to New York by plane and helicopter Thursday to face new federal charges of stalking and murder, which could bring the death penalty if he's convicted.
Read more >
BlackBerry third-quarter loss shrinks to US$11 million

BlackBerry third-quarter loss shrinks to US$11 million

WATERLOO, ONTARIO — BlackBerry Ltd. says it lost US$11 million in its third quarter, compared with a loss of $21 million a year earlier. Revenue for the quarter totalled $143 million, down from $152 million during the same quarter last year.
Read more >
Landslide on tracks stops Amtrak passenger runs between Seattle and Vancouver

Landslide on tracks stops Amtrak passenger runs between Seattle and Vancouver

WHITE ROCK, B.C. — A landslide that blocked railway tracks has stopped Amtrak passenger service between Vancouver and Seattle. Amtrak says in a statement Thursday that the landslide near White Rock, B.C.
Read more >