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S&P/TSX composite up nearly 250 points, U.S. stock markets also higher
TORONTO — Canada's main stock index gained almost 250 points Friday on broad-based strength, while U.S. stock markets also rose as the U.S. Federal Reserve signalled it is prepared to start cutting its key interest rate.
Aug 23, 2024 1:33 PM
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Stock market today: Wall Street rallies toward records after Fed says 'time has come' for rate cuts
NEW YORK (AP) — U.S. stocks rallied closer to their records after the head of the Federal Reserve finally said out loud what Wall Street has been expecting for a while: Cuts to interest rates are coming soon to help the economy.
Aug 23, 2024 1:06 PM
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Fears for B.C. grain harvest, commuter train still suspended, amid rail disruption
British Columbia grain producers are closely watching developments in the nationwide railway dispute triggered on Wednesday night, saying its impacts could soon spread beyond farmers to producers of food and beer.
Aug 23, 2024 12:33 PM
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Businesses face higher trucking costs amid rail labour dispute
The ongoing labour dispute between Canada’s largest railway companies and their workers is driving up the cost of shipping by truck, with smaller businesses disproportionately affected.
Aug 23, 2024 12:30 PM
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Nova Scotia group wants a court to declare a First Nation's lobster fishery illegal
HALIFAX — A commercial lobster fishing group in southwestern Nova Scotia is seeking a court to have a lobster fishery run by a First Nations community declared illegal.
Aug 23, 2024 11:15 AM
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Powell at Jackson Hole: 'The time has come' for the Fed to soon begin reducing interest rates
JACKSON, Wyoming (AP) — With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Friday.
Aug 23, 2024 10:51 AM
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Jasper businesses shift focus to reopening as fire risks fade
The road to recovery is starting to clear for businesses in Jasper, Alta., a month after some 25,000 visitors and residents were forced to flee a raging wildfire.
Aug 23, 2024 8:36 AM
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Justice Department accuses RealPage of violating antitrust laws through scheme to hike rents
WASHINGTON (AP) — The Justice Department filed an antitrust lawsuit Friday against real estate software company RealPage Inc., accusing it of an illegal scheme that allows landlords to coordinate to hike rental prices.
Aug 23, 2024 8:03 AM
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Statistics Canada says retail sales down 0.3% at $65.7B in June
Retail sales dropped in June as Canadians continued to grapple with high interest rates. Statistics Canada said Friday that retail sales fell 0.3 per cent to $65.7 billion that month, led by a drop in sales at new car dealers.
Aug 23, 2024 7:09 AM
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The biggest diamond in over a century is found in Botswana - a whopping 2,492 carats
GABORONE, Botswana (AP) — The largest diamond found in more than a century has been unearthed at a mine in Botswana, and the country's president showed off the fist-sized stone to the world at a viewing ceremony Thursday.
Aug 23, 2024 6:21 AM
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