Category Archives: Economy
War in Ukraine will take global economic toll, group warns
Russia's war in Ukraine will disrupt commerce and clog up supply chains, slashing economic growth and pushing prices sharply higher around the globe, the Organization for Economic Cooperation and Development warned Thursday.
Under headline jobs figures, report finds pockets of weakness in rebound for women
OTTAWA — The historically high number of women in the country's labour force is still below where it might have been if COVID-19 had never occurred, says a new report highlighting areas of concern for policymakers. The report from the Labour
Michigan wants ‘to have its cake and eat it too’ on Line 5: chambers of commerce
WASHINGTON — Business leaders from the United States and Canada are again wading into the fray over Line 5, accusing the state of Michigan of dragging its heels to ensure the controversial cross-border pipeline remains in a state of legal
Live updates: Zelenskyy mum on specifics of new US aid
LVIV, Ukraine -- Ukrainian President Volodymyr Zelenskyy said he was thankful to U.S. President Joe Biden for the additional military aid but said he would not say specifically what the new package included because he didn't want to tip off
US expels another Chinese phone carrier on security grounds
BEIJING (AP) — Washington has expelled another state-owned Chinese phone carrier from the U.S. market over national security concerns amid rising tension with Beijing. The Federal Communications
Canadian Pacific Railway issues 72-hour lockout notice on Teamsters Canada
CALGARY — Close to 3,000 employees of Canadian Pacific Railway Ltd. could be off the job early Sunday morning. Calgary-based CP Rail said in a release Wednesday that it has issued 72-hour notice to the Teamsters Canada Rail Conference of its
Powell and 3 other nominees to Fed posts clear Senate panel
WASHINGTON (AP) — The Senate Banking Committee approved Jerome Powell's nomination to a second four-year term as chair of the Federal Reserve Wednesday, just hours after the central bank began what will be a difficult effort to combat inflation.
Lake Powell hits historic low, raising hydropower concerns
SALT LAKE CITY (AP) — A massive reservoir known as a boating mecca dipped below a critical threshold on Tuesday raising new concerns about a source of power that millions of people in the U.S. West rely on for electricity.
EXPLAINER: What would a Russian bond default mean?
Ratings agencies say Russia is on the verge of defaulting on government bonds following its invasion of Ukraine, with billions of dollars owed to foreigners. That prospect recalls memories of a 1998 default by Moscow that helped fuel financial disrupti...
UK easing COVID-19 testing, monitoring despite case uptick
LONDON (AP) — After dropping nearly all coronavirus restrictions last month, Britain is now ending some of its most widespread COVID-19 testing and monitoring programs, a move some scientists fear will complicate efforts to track the virus and detect
