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National Business
National Business
US economy shrinks for a 2nd quarter, raising recession fear
WASHINGTON (AP) 鈥 The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession.
Jul 28, 2022 12:07 PM
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CP Rail bullish on 2022 ahead of sturdy grain crop, and despite sky-high fuel costs
Canadian Pacific Railway Ltd. struck a confident stance for the coming year after seeing some earnings dip in its latest quarter thanks to a dismal grain crop in 2021 and soaring fuel costs since February.
Jul 28, 2022 11:33 AM
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Cenovus CEO says inflation 'manageable' as company posts massive upswing in Q2 profit
CALGARY 鈥 Cenovus Energy Inc. chief executive Alex Pourbaix said Thursday that inflation has been "manageable" for the energy company so far, but is something he is certainly keeping an eye on.
Jul 28, 2022 10:27 AM
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Help wanted: After pandemic pivots, where have Canadian workers gone?
Restaurants, airlines, schools and nursing homes are at the sharp end of a labour crunch that鈥檚 afflicted employers all year long. In June,the unemployment rate fell to a record low of 4.
Jul 28, 2022 10:21 AM
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Biden calls deal with Manchin 'godsend' for US families
WASHINGTON (AP) 鈥 President Joe Biden declared his support Thursday for the 鈥渉istoric鈥 inflation-fighting agreement struck by Senate Majority Leader Chuck Schumer and holdout Democratic Sen.
Jul 28, 2022 10:20 AM
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PBS series, AP detail toll of Russian invasion of Ukraine
LOS ANGELES (AP) 鈥 Two documentaries detailing the punishing effects of Russia's war on Ukraine will air on PBS' 鈥淔rontline鈥 investigative series.
Jul 28, 2022 9:53 AM
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Postmedia chairman Paul Godfrey to step down from role at end of year
Postmedia chairman Paul Godfrey is stepping down from his role at the end of the year, the company announced Thursday. Current board member Jamie Irving will step into the job at the start of 2023.
Jul 28, 2022 9:07 AM
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Calfrac reports higher revenue, lower net loss in second quarter amid higher pricing
CALGARY 鈥 Calfrac Well Services Ltd. reported a lower loss in its most recent quarter as its revenues climbed amid improved pricing and increased activity. The oilfield services company says it lost $6.
Jul 28, 2022 8:03 AM
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Tilray Brands records fourth-quarter loss amid higher revenue
LEAMINGTON, Ont. 鈥 Tilray Brands Inc. posted a steep loss in its most recent quarter despite higher revenue as it recorded a non-cash impairment. The cannabis company posted a net loss of US$457.
Jul 28, 2022 7:32 AM
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Parents offer advice on how to set up allowances that teach kids how to budget, save
TORONTO 鈥 At Patti Barnes' North Vancouver home, her five kids tend to the garden, take out the garbage and look after the family pets.
Jul 28, 2022 7:00 AM
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