Tag Archives: business

OTTAWA - The federal government ran a deficit of $120.4 billion during the first three months of its 2020-2021 fiscal year as the treasury pumped out aid to cushion the impact of the COVID-19 pandemic...

OTTAWA - The Canadian economy suffered its worst three-month stretch on record in the second quarter as the economy came to a near halt in April before starting to recover in May and June. Statistics ...

TOKYO - Japan's longest-serving prime minister, Shinzo Abe, said he is stepping down because a chronic health problem has resurfaced. He told reporters Friday that it was "gut wrenching" to leave many...

OTTAWA - A major global credit rating agency is issuing a new warning about federal debt that it says may become more difficult to tackle once the pandemic passes. Fitch Ratings downgraded Canada...

OTTAWA - The head of the Bank of Canada made an international pitch to his fellow central bankers on Thursday to forge closer ties with average citizens to manage economic expectations through the pan...

SILVER SPRING, Md. - More Americans signed contracts to buy homes in July, suggesting the current hot housing market could continue in the fall. The National Association of Realtors said Thursday that...

WASHINGTON - Just over 1 million Americans applied for unemployment benefits last week, a sign that the coronavirus outbreak continues to threaten jobs even as the housing market, auto sales and other...

BALTIMORE - The U.S. economy shrank at an alarming annual rate of 31.7% during the April-June quarter as it struggled under the weight of the viral pandemic, the government estimated Thursday. It was ...

NEW YORK - The energy industry braced Wednesday for catastrophic storm surges and winds as Hurricane Laura cuts a dangerous path toward the coastlines of Texas and Louisiana. Oil and gas producers hav...

OTTAWA - The parliamentary budget office says a one-time payment to people with disabilities this fall will cost the federal treasury $792 million. The majority of that amount will go to about 1.67 mi...