Business

Supply chains, worker wages and the price of energy has been blamed for the current bout of high inflation. But central bankers around the world are starting to clue in to something consumers have been aware of for a while — corporations just aren’t afraid to raise their prices anymore.  …

The local currency gained 63 centavos to close at 56.1 to a dollar from 56.73 last Tuesday. It opened stronger at an intra-day low of 56.6 and rallied to an intra-day high of 55.93, but lost steam toward the end of the trading session. (BW / File)  MANILA, Philippines — …

Canada’s economy added 18,000 new jobs last month, slightly lower than what economists were expecting, and not enough to stop the jobless rate from inching up to 5.7 per cent, because more people joined the work force.  Economy added more jobs, but nowhere near enough to offset growth of labour …

The American and Canadian economies are very similar. Inflation is decelerating, employment remains robust but one is growing by 4.9 per cent while the other is flirting with a recession.  Americans consumers — and politicians — have been in a spending mood. In a lot of ways, the U.S. and …

TVA announced it will be laying off 547 employees after seeing a $13-million deficit this year, mostly due to loss of advertising revenue.  Company blames changing media landscape, unfair competition, government inaction. One of Quebec’s media giants announced Thursday that it is laying off roughly one-third of its workforce as …

The House of Commons finance committee has asked Ottawa to reject the Royal Bank of Canada’s $13.5-billion acquisition of HSBC’s domestic unit, citing the lack of competition in the country’s financial sector.  Competition Bureau has approved the transaction, but deal has attracted opposition. The House of Commons finance committee has …

After withstanding the once in a lifetime pummeling of the COVID-19 pandemic, Canada’s restaurant industry is still in dire straits and many businesses are in danger of going under.  More than half of Canadian restaurants are currently losing money, despite prices higher than ever. After withstanding the once in a …

The U.S. Federal Reserve kept its key short-term interest rate unchanged Wednesday for a second straight time but left the door open to further rate hikes if inflation pressures should accelerate in the months ahead.  Benchmark U.S. lending rate stays at highest level in 22 years. The U.S. Federal Reserve …

Flying within Canada is much different than it was before the pandemic began, after dozens of route changes and an overall decline in options.  Delays, fewer seats can make for a tougher trip across the country. Air travel services cuts hit close to home for Charlene Hudy earlier this year, …

Canada’s economy is showing clear signs of a slowdown, as the total value of all goods and services sold was essentially unchanged in July and August — and likely September, too.  GDP was greater in May than it is now, Statistics Canada says. Canada’s economy is showing clear signs of …