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Onex reports earnings loss amid 'challenging environment'

Onex reports earnings loss amid 'challenging environment'

TORONTO — Onex Corp. is reporting an earnings loss in its second quarter after its investments slipped in value.
US wholesale inflation fell in July for 1st time in 2 years

US wholesale inflation fell in July for 1st time in 2 years

WASHINGTON (AP) — Prices at the wholesale level fell from June to July, the first month-to-month drop in more than two years and a sign that some of the U.S. economy's inflationary pressures cooled last month.
How rising interest rates are making GICs more attractive for investors

How rising interest rates are making GICs more attractive for investors

OTTAWA — Rising interest rates might be bad news for Canadians with mortgages, but it also means higher rates on savings vehicles such as guaranteed investment certificates (GICs), prompting renewed interest in the investments.
US unemployment claims rise by 14,000 to 262,000

US unemployment claims rise by 14,000 to 262,000

WASHINGTON (AP) — The number of Americans who signed up for unemployment benefits rose last week to the highest level since November, though the U.S. job market continues to show signs of strength.
Big Mac is coming back: McDonald's to reopen in Ukraine

Big Mac is coming back: McDonald's to reopen in Ukraine

CHICAGO (AP) — McDonald's will start reopening some of its restaurants in Ukraine in the coming months, a symbol of the war-torn country's return to some sense of normalcy and a show of support after the American fast-food chain pulled out of Russia
Brookfield reports profit fell in the second quarter, revenue up

Brookfield reports profit fell in the second quarter, revenue up

Brookfield Asset Management Inc. reported second-quarter net income attributable to common shareholders that was lower than the previous year, as revenue rose. The alternative asset manager, which keeps its books in U.S.
Housing correction gaining pace, to continue through next year: report

Housing correction gaining pace, to continue through next year: report

OTTAWA — Desjardins is forecasting the average home price in sa¹ú¼Ê´«Ã½ will decline by nearly 25 per cent by the end of 2023 from the peak reached in February of this year.
Gas prices dip just below $4 for the first time in 5 months

Gas prices dip just below $4 for the first time in 5 months

Gasoline prices dipped to just under the $4 mark for the first time in more than five months — good news for consumers who are struggling with high prices for many other essentials. AAA said the national average for a gallon of regular was $3.
Cancellation of Atlanta festival sparks new fight over guns

Cancellation of Atlanta festival sparks new fight over guns

ATLANTA (AP) — Tens of thousands of Music Midtown festivalgoers are no longer going to descend on Atlanta’s massive Piedmont Park next month to cheer on hip-hop star Future or watch beloved rock band My Chemical Romance take the stage.
Metallica, Mariah Carey headline Global Citizen NYC concert

Metallica, Mariah Carey headline Global Citizen NYC concert

NEW YORK (AP) — Metallica, Mariah Carey and The Jonas Brothers will headline a free concert in New York’s Central Park next month marking the 10th anniversary of the Global Citizen Festival organized by the international nonprofit fighting extreme po