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An inflation gauge tracked by the Fed slows to still-high 6%

An inflation gauge tracked by the Fed slows to still-high 6%

WASHINGTON (AP) — A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed's intent to keep raising interest rates to cool the economy and slow the accelera
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Applications for jobless benefits decline last week

Applications for jobless benefits decline last week

WASHINGTON (AP) — The number of Americans applying for unemployment benefits came back down last week, hovering near levels suggesting the U.S. labor market has been largely unaffected by the Federal Reserve's aggressive interest rate hikes.
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Jacynthe Côté to become chair at Royal Bank of Canada next year

Jacynthe Côté to become chair at Royal Bank of Canada next year

TORONTO — Royal Bank of Canada says Jacynthe Côté will be appointed as chair of the bank's board of directors next year.
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Cruzilles brand fruit jellies recalled over undeclared milk

Cruzilles brand fruit jellies recalled over undeclared milk

The Canadian Food Inspection Agency has issued a recall for Cruzilles brand Acid Mini Pastille – Fruit Jellies because the candy contains milk which is not listed on the label.
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Ontario Securities Commission appoints new chair in Kevan Cowan

Ontario Securities Commission appoints new chair in Kevan Cowan

TORONTO — Ontario says it has appointed former board member Kevan Cowan as the new chair of the Ontario Securities Commission.
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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 (20,453.26, up 175.85 points): BlackBerry Ltd. (TSX:BB). Technology. Down three cents, or 0.46 per cent, to $6.52 on 33.
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S&P/TSX composite index up, U.S. markets soar on Fed optimism

S&P/TSX composite index up, U.S. markets soar on Fed optimism

TORONTO — Canada's main stock index gained almost one per cent Wednesday after dipping in the morning, with gains in metals, industrials and other sectors offsetting a slip in energy stocks, while U.S. markets posted stronger gains.
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Christmas tree farmers branch out to stay alive amid challenges

Christmas tree farmers branch out to stay alive amid challenges

Anyone looking for that perfect Christmas tree will probably notice the 10 per cent price increase from last year, but they're less likely to see what's behind it: an industry at a turning point.
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Powell: Fed to keep rates higher for longer to cut inflation

Powell: Fed to keep rates higher for longer to cut inflation

WASHINGTON (AP) — The Federal Reserve will push rates higher than previously expected and keep them there for an extended period, Chair Jerome Powell said Wednesday in remarks likely intended to underscore the Fed's single-minded focus on combating s
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Stocks rally after Fed chair signals slowdown in rate hikes

Stocks rally after Fed chair signals slowdown in rate hikes

NEW YORK — Stocks rallied on Wall Street after the head of the Federal Reserve said the central bank could soon ease up on its aggressive pace of interest rate hikes aimed at taming inflation.
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