Skip to content

National Business

Rate expectations: What’s the neutral rate, and why did the Bank of Canada raise it?

Rate expectations: What’s the neutral rate, and why did the Bank of Canada raise it?

The Bank of Canada's interest rate decision on Wednesday didn’t bring cuts, but it did bring new insight into where the central bank thinks interest rates may be headed.
Read more >
B.C. makes it easier to salvage timber damaged by wildfires

B.C. makes it easier to salvage timber damaged by wildfires

VICTORIA — The B.C. government says it's making it easier for forestry companies to salvage timber damaged by wildfires.
Read more >
Roots CEO sees consumers getting back to discretionary spending in back half of year

Roots CEO sees consumers getting back to discretionary spending in back half of year

TORONTO — Roots Corp. executives say the back half of 2024 will likely see consumers edging back into purchasing discretionary goods they forewent as inflation and interest rates climbed.
Read more >
Former Trump executive Allen Weisselberg sentenced to 5 months in jail for lying in civil fraud case

Former Trump executive Allen Weisselberg sentenced to 5 months in jail for lying in civil fraud case

NEW YORK (AP) — Allen Weisselberg, a retired executive in Donald Trump’s real estate empire, was sentenced on Wednesday to five months in jail for lying under oath during his testimony in the civil fraud lawsuit brought against the former president b
Read more >
Text of the Bank of Canada's latest interest rate decision

Text of the Bank of Canada's latest interest rate decision

OTTAWA — The Bank of Canada kept its key interest rate target on hold at five per cent on Wednesday.
Read more >
Canfor closing Jackson mill as part of restructuring in Alabama

Canfor closing Jackson mill as part of restructuring in Alabama

VANCOUVER — Canfor Corp. is closing its Jackson mill in southern Alabama at the end of June as part of a restructuring of its operations in the state.
Read more >
Quebecor expanding discount wireless brand Fizz to four provinces

Quebecor expanding discount wireless brand Fizz to four provinces

Quebecor Inc.'s Fizz is expanding to Ontario, Manitoba, Alberta and B.C. through a framework that allows regional cellphone providers to compete across Canada using networks built by its larger rivals.
Read more >
Zebra mussels may prompt closure of national park lake, Manitoba government says

Zebra mussels may prompt closure of national park lake, Manitoba government says

WINNIPEG — The Manitoba government says Parks Canada is considering closing a popular lake to boating this year because of zebra mussels.
Read more >
Two blows to B.C.'s credit status, as S&P cuts rating and Moody's turns negative

Two blows to B.C.'s credit status, as S&P cuts rating and Moody's turns negative

NEW YORK — British Columbia's credit status took a double blow on Tuesday, with S&P downgrading the province due to the risk of "outsize" deficits, and Moody's turning its outlook negative.
Read more >
Energy producers say they are prepared, ready for 2024 drought, wildfire risks

Energy producers say they are prepared, ready for 2024 drought, wildfire risks

CALGARY — Canadian energy producers say they are prepared and ready for what could be another spring and summer of drought and wildfires in Western Canada.
Read more >