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Budgeting important part of RESP spending plan as students head to school

Budgeting important part of RESP spending plan as students head to school

OTTAWA — Parents across the country are getting ready to tap into registered education savings plans to help pay for their children's post-secondary schooling this fall. After years of saving, the time has come to start spending those nest eggs.
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U.S. jobless claims applications fall as labor market continues to show resiliency

U.S. jobless claims applications fall as labor market continues to show resiliency

The U.S. labor market continues to flex its muscle as applications for jobless claims fell again last week and remain at healthy levels in the face of high interest rates and inflation.
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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 (19,899.07, down 0.72 points): Enbridge Inc. (TSX:ENB). Energy. Down two cents, or 0.04 per cent, to $46.84 on 15.5 million shares.
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Energy sector helps keep S&P/TSX flat Wednesday, U.S. stock markets down

Energy sector helps keep S&P/TSX flat Wednesday, U.S. stock markets down

TORONTO — Strength in the energy sector helped buoy Canada's main stock index to close flat on Wednesday while U.S. markets moved lower. The S&P/TSX composite index closed down less than one point at 19,899.07.
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Nova Scotia Power handed $750,000 fine for failing to meet performance standards

Nova Scotia Power handed $750,000 fine for failing to meet performance standards

HALIFAX — Nova Scotia's electric utility has been fined $750,000 for failing to meet 2022 performance targets set by the provincial regulator.
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Federal Reserve minutes: Too-high inflation, still a threat, could require more rate hikes

Federal Reserve minutes: Too-high inflation, still a threat, could require more rate hikes

WASHINGTON (AP) — Most Federal Reserve officials last month still regarded high inflation as an ongoing threat that could require further interest rate increases, according to the minutes of their July 25-26 meeting released Wednesday.
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B.C.-based Carbon Engineering being bought by Occidental for US$1.1 billion

B.C.-based Carbon Engineering being bought by Occidental for US$1.1 billion

CALGARY — A Canadian company that is pioneering the use of direct air capture technology to remove carbon dioxide directly from the atmosphere has been acquired by U.S. oil company Occidental Petroleum. The US$1.1-billion deal will see Squamish, B.C.
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Bank of Ireland glitch allowed customers to withdraw money they didn't have

Bank of Ireland glitch allowed customers to withdraw money they didn't have

NEW YORK (AP) — Some Bank of Ireland customers were able to withdraw money they did not have Tuesday and early Wednesday after an hours-long technical glitch that also halted many of the bank's online services.
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NFI Group reports US$48.1M Q2 loss, ramping up production in second half of the year

NFI Group reports US$48.1M Q2 loss, ramping up production in second half of the year

Bus maker NFI Group Inc. plans to ramp up production after being hard-hit by supply chain issues during the pandemic, saying it could reach 2019 output levels in two years.
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British Museum says staff member dismissed after items were found to be missing, stolen or damaged

British Museum says staff member dismissed after items were found to be missing, stolen or damaged

LONDON (AP) — The British Museum said Wednesday that a member of its staff has been dismissed after items were found to be missing, stolen or damaged.
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