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Fed: Rates to stay ultra-low even after inflation picks up

Fed: Rates to stay ultra-low even after inflation picks up

WASHINGTON — The Federal Reserve announced a significant change Thursday in how it manages interest rates by saying it plans to keep rates near zero even after inflation has exceeded its 2% target level.
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Saskatchewan headed for austerity as it deals with $2.1B COVID-19 deficit

Saskatchewan headed for austerity as it deals with $2.1B COVID-19 deficit

REGINA — Spending restraint is on the horizon in Saskatchewan as the province begins to dig itself out of a deficit Premier Scott Moe's government blames on the COVID-19 pandemic.
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Toronto index falls on lower gold, oil prices while dollar jumps on Fed news

Toronto index falls on lower gold, oil prices while dollar jumps on Fed news

TORONTO — Losses in the materials and energy sectors pulled Canada's main stock index lower on Thursday as the price of both gold and oil fell and the dollar rose. The S&P/TSX composite index wound up down 58.48 points at 16,731.
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Bombardier to lay off 200 workers in Thunder Bay as factory's fate hangs in limbo

Bombardier to lay off 200 workers in Thunder Bay as factory's fate hangs in limbo

MONTREAL — Bombardier Inc. plans to lay off 200 workers at its plant in Thunder Bay, Ont., as the company ends production of ventilators and slows output of commuter trains for the Greater Toronto and Hamilton Area.
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Most actively traded companies on the TSX

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,731.49, down 58.48 points) Air Canada (TSX:AC). Industrials. Up 69 cents, or 4.18 per cent, to $17.19 on 9.34 million shares.
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Staycationers boost BRP profits in pandemic, despite factory shutdowns: CEO

Staycationers boost BRP profits in pandemic, despite factory shutdowns: CEO

Sea-Doo maker BRP Inc. says production shutdowns depleted its inventory and dragged down revenues in its second quarter, but rising demand buoyed profits as fun-seekers turned to power sports for pandemic recreation.
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Hamilton company snares contract to build 1,150 CN Rail grain cars

Hamilton company snares contract to build 1,150 CN Rail grain cars

MONTREAL — Canadian National Railway Co. has awarded a contract for 1,150 grain cars to National Steel Car Ltd. in Hamilton.
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TD CEO warns pandemic recovery 'won't always be smooth' as Q3 profit falls 30%

TD CEO warns pandemic recovery 'won't always be smooth' as Q3 profit falls 30%

TORONTO — Canada's economy is starting to rebound from the worst of the COVID-19 pandemic slowdown, but TD Bank Group's chief executive is warning that trouble may still lie ahead.
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How much should you tip for a meal? Foodies offer advice for the COVID-19 era

How much should you tip for a meal? Foodies offer advice for the COVID-19 era

TORONTO — When Canadians are handed payment terminals when dining out or grabbing takeout, there's usually a moment of discomfort as they quietly calculate how much to tip while restaurant staff hover nearby.
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More Americans sign contracts to buy homes in July

More Americans sign contracts to buy homes in July

SILVER SPRING, Md. — More Americans signed contracts to buy homes in July, suggesting the current hot housing market could continue in the fall. The National Association of Realtors said Thursday that its index of pending sales rose 5.9%, to 122.
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