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U.S. and Canadian markets decline Thursday amid ongoing uncertainty over war, rates
Canada's main stock index lost 100 points Thursday, led lower by metals, utilities and financials, while U.S. equities also declined amid continued tightening in the bond market. U.S.
Oct 19, 2023 2:43 PM
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Fed Chair Powell: Slower economic growth may be needed to conquer stubbornly high inflation
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a slower-growing economy and job market.
Oct 19, 2023 12:10 PM
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Canadian firms hit with 25 cyberattacks on average over past year: EY survey
TORONTO — A survey by EY shows 81 per cent Canadian companies experienced at least 25 cybersecurity incidents over the past year, compared to 73 per cent of respondents globally.
Oct 19, 2023 10:09 AM
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PC Optimum members now eligible for Apple TV+ subscription rewards
BRAMPTON, Ont. — Loblaw Companies Ltd. says members of its PC Optimum loyalty program can now redeem their points for monthly subscriptions to the Apple TV+ streaming service and Apple Arcade.
Oct 19, 2023 9:35 AM
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Desjardins to cut close to 400 jobs amid economic uncertainty
MONTREAL — Desjardins Group says it is cutting close to 400 jobs as it responds to economic uncertainty.
Oct 19, 2023 9:00 AM
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Honda to produce Civic Hybrid in Ontario and Indiana starting next year
ALLISTON, Ont. — Japanese automaker Honda says it will start producing the Civic Hybrid next year at its plant in Alliston, Ont. The company says the Ontario plant will produce the sedan version of the car.
Oct 19, 2023 7:49 AM
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Stock market today: Wall Street is mostly flat as bond yields continue to climb
BANGKOK — Wall Street isn’t moving much, but a swirl of competing forces are pushing and pulling on markets under the seemingly calm surface.
Oct 19, 2023 7:42 AM
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Applications for US jobless benefits fall to lowest level in more than 8 months
Applications for unemployment benefits fell to their lowest level in eight months last week as businesses continue to retain workers despite elevated interest rates meant to cool the economy and labor market.
Oct 19, 2023 6:57 AM
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Nokia plans to cut up to 14,000 jobs after sales and profits plunge in a weak market
HELSINKI (AP) — Telecom gear maker Nokia said Thursday that it is planning to cut up to 14,000 jobs worldwide, or 16% of its workforce, as part of a push to reduce costs following a plunge in third-quarter sales and profit.
Oct 19, 2023 6:28 AM
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BMO ranks highest in annual J.D. Power customer satisfaction study
TORONTO — As higher interest rates and the cost of living increasingly pinch Canadians' wallets, consumers ranked BMO highest in J. D. Power's annual customer satisfaction survey.
Oct 19, 2023 6:18 AM
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