Business

As the Summit 14 mine proposal continues to move its way through the approval process, residents of a town 430 kilometres northwest of Edmonton say they’re wrestling with how the coal industry and the environment can coexist, unearthing no easy answers, only hard questions.  Summit 14 mine project promises new …

UNITED NATIONS: The Covid-19 pandemic, the cost-of-living crisis and the war in Ukraine have pushed 165 million people into poverty since 2020, the United Nations said on Thursday, calling for a pause in debt repayments for developing countries. STRUGGLING A man searches food inside a trash can at the Central …

Many economists say the Bank of Canada’s decision this week to increase its key interest rate yet again was a mistake. But the bank is using the only tools it has. Why aren’t other policy-makers using the tools they have to fight inflation?  The central bank is raising rates to …

The B.C. port strike might be over but it’s expected to take weeks — even months — for supply chains and businesses to recover, according to experts.  Greater Vancouver Board of Trade says there are 63,000 shipping containers waiting to be unloaded. The British Columbia port strike might be over, …

The International Longshore and Warehouse Union Canada and the B.C. Maritime Employers Association have agreed to tentative terms to end the 13-day B.C. port strike. Employer says operations to resume Thursday afternoon. The 13-day B.C. port strike appears to be over after the International Longshore and Warehouse Union Canada and …

At a Glance Managing Director Alain Auclair of UBS Securities Canada said the Philippines has remained an attractive investment destination in the Asia-Pacific region amid global headwinds. Sun Life Philippines CEO and Country Head Benedicto Sison cited three key factors on why it is good to invest in the Philippines, …

UNITED NATIONS: UN chief Antonio Guterres denounced on Wednesday (Thursday in Manila) a global financial system where nearly half the world’s people live in countries whose governments spend more on debt than education or health. “Half our world is sinking into a development disaster, fueled by a crushing debt crisis,” …

While advocates say there’s an appetite for change that can make way for a widespread movement aimed at creating more affordable and accessible housing, there’s enough obstacles facing both organizers and residents to keep it from getting off the ground.  Advocates say there’s appetite for protests over the housing crisis, …

After two years of painfully high prices, inflation in the United States has reached its lowest point in more than two years — 3 per cent in June compared with 12 months earlier — a sign that the Federal Reserve’s interest rate hikes have steadily slowed price increases across the …

The Bank of Canada raised its benchmark interest rate to five per cent on Wednesday, its highest rate since 2001. Following the announcement, experts diverged on whether Canadians could expect another increase after the summer.  10th rate hike by central bank since March 2022. The Bank of Canada raised its …