Skip to content

National Business

Retail sales rise 0.6% in August largely due to a spike in gas prices

Retail sales rise 0.6% in August largely due to a spike in gas prices

NEW YORK (AP) — Americans stepped up retail spending modestly from July to August as the price of gasoline jumped, cutting into budgets as many families send their kids off to school. Retail sales rose 0.6% in August, compared with a revised 0.
Read more >
U.S. benchmark oil price tops US$90 a barrel for first time since November 2022

U.S. benchmark oil price tops US$90 a barrel for first time since November 2022

TORONTO — The U.S. benchmark price of oil has topped US$90 per barrel for the first time since late last year. The October futures contract for West Texas Intermediate (WTI) light sweet crude oil was up US$1.57 at US$90.
Read more >
Talks between Serbia and Kosovo break down again. The EU says their hopes of joining are at risk

Talks between Serbia and Kosovo break down again. The EU says their hopes of joining are at risk

BRUSSELS (AP) — Kosovo and Serbia on Thursday failed yet again to make progress in talks aimed at improving their long-strained relations , and the European Union’s top diplomat warned that the lack of progress could hurt their hopes of joining the b
Read more >
Laurentian Bank shares fall as it concludes review without deal to sell

Laurentian Bank shares fall as it concludes review without deal to sell

MONTREAL — Shares of Laurentian Bank were down more than 10 per cent in morning trading after it announced it had completed its review of strategic options without a deal to sell the bank.
Read more >
Wholesale sales excluding petroleum products and oilseeds and grains up in July

Wholesale sales excluding petroleum products and oilseeds and grains up in July

OTTAWA — Statistics Canada says wholesale sales excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, grew 0.2 per cent to $81.3 billion in July.
Read more >
'One family, one lawyer' model promises to save divorcing couples time and money

'One family, one lawyer' model promises to save divorcing couples time and money

Edmonton lawyer Melissa Bourgeois had been practicing family law for more than a decade when she had what she calls her "lightbulb moment.
Read more >
Stranded luxury cruise ship MV Ocean Explorer has been pulled free at high tide in Greenland

Stranded luxury cruise ship MV Ocean Explorer has been pulled free at high tide in Greenland

COPENHAGEN, Denmark (AP) — The luxury cruise ship MV Ocean Explorer was “successfully” pulled free in Greenland on Thursday, three days after running aground with 206 people on board, authorities and the ship's owner said.
Read more >
Europe's central bank hikes interest rates again even as threat of recession grows

Europe's central bank hikes interest rates again even as threat of recession grows

FRANKFURT, Germany (AP) — The European Central Bank piled on a 10th straight interest rate increase Thursday, pressing forward in its fight against stubbornly high inflation that has been plaguing consumers even as worries grow that higher borrowing
Read more >
Wholesale price inflation accelerated in August from historically slow pace

Wholesale price inflation accelerated in August from historically slow pace

WASHINGTON (AP) — U.S. wholesale prices increases accelerated in August, a sign that inflation remains stubbornly persistent despite a series of sharp interest rate hikes by the Federal Reserve.
Read more >
Applications for US jobless benefits tick up slightly

Applications for US jobless benefits tick up slightly

The number of Americans applying for unemployment benefits last week ticked up modestly after falling to the lowest level in seven months the week before, as companies continue to retain employees despite the Federal Reserve's efforts to cool the eco
Read more >