Business

Economic data has been surprisingly resilient, but financial markets don’t believe the numbers. What messages and warnings are markets sending — and should we be heeding them?  Economic data has been resilient, but financial markets don’t believe the numbers. Financial markets are not the economy and the economy is not …

The United Auto Workers has decided not to expand its strikes against Detroit’s three automakers after General Motors made a concession on unionizing electric vehicle battery plants.  Factory in Arlington Texas was slated to walk off the job. The United Auto Workers union has decided not to expand its strikes …

After more than a year of high food inflation, families gathering this weekend to gobble Thanksgiving dinner may be feeling the pinch after their grocery shopping. Amid year of high prices for food, many holiday staples are much more expensive this year. After more than a year of high food …

The five largest grocery chains have delivered plans to stabilize food prices to the federal government, Industry Minister François-Philippe Champagne said Thursday. In August, food prices increased 6.9 per cent over last year, while the overall inflation rate hit 4 per cent. The five largest grocery chains have delivered plans …

Canada Mortgage and Housing Corp. says construction of new homes increased slightly across several of Canada’s major cities in the first half of 2023, as the pace of apartment starts helped offset declines in other dwelling types. Pace of new home construction is down 25% so far in 2023, despite …

Philippine stocks sank by more than 100 points Thursday after the Philippine Statistics Authority (PSA) reported that inflation rate picked up to a four-month high in September. The 30-company Philippine Stock Exchange index fell by 119.60 points, or 1.9 percent, to close at 6,178.60, while the broader all-shares index declined …

Canada's economy added 64,000 new workers as a surge in hiring in Quebec and B.C. was enough to offset a loss of 38,000 jobs in Alberta. Economists had been expecting about 25,000 new jobs Canada's economy added 64,000 new workers as a surge in hiring in Quebec and B.C. was …

WestJet is temporarily suspending flights between Canada’s two biggest cities this winter, but plans to resume service between Toronto and Montreal next spring.  Airline says route will start up again in the spring. WestJet is temporarily suspending flights between Canada’s two biggest cities this winter, but plans to resume service …

The largest ever strike in the U.S. health care sector is set to start on Wednesday as 75,000 workers at Kaiser Permanente in a handful of states walk off the job demanding better wages.  Three day strike is largest ever for a health care company. Healthcare workers launched a planned …

Bank of Canada deputy governor Nicolas Vincent says businesses raising their prices more frequently than they did before the pandemic is contributing to higher-than-expected inflation.  Nicolas Vincent says some firms may keep raising prices even after legitimate reasons have gone. Bank of Canada deputy governor Nicolas Vincent says businesses raising …