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Inflation eases as consumer prices rise 6.3% in July

Inflation eases as consumer prices rise 6.3% in July

WASHINGTON (AP) — Inflation eased last month as energy prices tumbled, raising hopes that the surging costs of everything from gasoline to food may have peaked.
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Ottawa posts $10.2-billion surplus in first quarter of fiscal year

Ottawa posts $10.2-billion surplus in first quarter of fiscal year

OTTAWA — The federal government posted a surplus of $10.2 billion in the first quarter of the fiscal year. According to the Finance Department's monthly fiscal monitor report, the surplus posted for April to June compared with a deficit of $36.
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Powell: Fed could keep lifting rates sharply 'for some time'

Powell: Fed could keep lifting rates sharply 'for some time'

JACKSON HOLE, Wyoming (AP) — Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed will likely impose more large interest rate hikes in coming months and is resolutely focused on taming the highest inflation in four decades .
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Canada's real estate market is cooling. Here's what to expect this fall

Canada's real estate market is cooling. Here's what to expect this fall

TORONTO — After fuelling Canada's economy through the COVID-19 pandemic, the real estate market is showing signs of weakness as home prices fall and bidding wars dissipate. It's welcome news for prospective buyers hoping for a better price.
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Britain to see 80% spike in energy bills as crisis deepens

Britain to see 80% spike in energy bills as crisis deepens

LONDON (AP) — Jennifer Jones keeps feeding money into her energy meter , but it never seems to be enough. And when she can’t pay, she feels the impact immediately.
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California phasing out gas vehicles in climate change fight

California phasing out gas vehicles in climate change fight

SACRAMENTO, Calif. (AP) — California set itself on a path Thursday to end the era of gas-powered cars, with air regulators adopting the world's most stringent rules for transitioning to zero-emission vehicles.
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Waterloo's OpenText to acquire U.K. software giant Micro Focus in $6B deal

Waterloo's OpenText to acquire U.K. software giant Micro Focus in $6B deal

Waterloo, Ont.-based tech company OpenText says it will acquire Micro Focus International plc in a deal valued at $6 billion. The all-cash deal will see OpenText acquire the U.K.
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Many Canadian doctors struggle with burnout, depression and anxiety: survey

Many Canadian doctors struggle with burnout, depression and anxiety: survey

TORONTO — The well-being of physicians across Canada has significantly decreased with many doctors reporting poorer mental health than before the COVID-19 pandemic, a new survey suggests.
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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 Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,172.34, up 150.96 points.) Barrick Gold Corp. (TSX:ABX). Materials. Down four cents, or 0.19 per cent, to $21.15 on 17.
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North American markets move higher as investors await Jackson Hole conference

North American markets move higher as investors await Jackson Hole conference

Canada's main stock index gained more than 150 points Thursday and U.S. markets also edged higher in advance of a highly anticipated meeting of the U.S. Federal Reserve in Jackson Hole, Wyo. The S&P/TSX composite index closed up 150.
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