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Extending mortgage period could keep payments in check even as rates rise
OTTAWA — Canadian homeowners may be in for a shock when it's time to renew their mortgages, since rising interest rates mean their monthly loan payments will likely climb higher, too.
Jun 16, 2022 8:07 AM
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Bank of England hikes interest rates but resists bolder move
LONDON (AP) — The Bank of England raised interest rates by a quarter-percentage point Thursday, shrugging off pressure for a bolder move to combat price increases that have pushed inflation to a 40-year high .
Jun 16, 2022 7:57 AM
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Statistics Canada says wholesale sales down 0.5 per cent in April to $79.8 billion
OTTAWA — Statistics Canada says wholesale sales fell 0.5 per cent in April to $79.8 billion as the miscellaneous goods and the building materials and supplies subsectors posted the largest declines.
Jun 16, 2022 6:58 AM
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Mo'Nique, Netflix reportedly settle her suit alleging bias
LOS ANGELES (AP) — Mo'Nique and Netflix reportedly have settled her lawsuit that accused the streaming service of racial and sexual discrimination for allegedly making her a lowball offer for a proposed comedy special.
Jun 16, 2022 1:14 AM
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Pakistani govt chided for 'Drink less tea, save money' plea
ISLAMABAD (AP) — A minister in Pakistan's newly elected government faced criticism Wednesday following his plea to the nation to drink less tea to help save on imports amid a deepening economic crisis.
Jun 15, 2022 10:18 PM
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Asian shares gain after Fed assurance on rates lifts Wall St
TOKYO (AP) — Asian shares advanced Thursday after the Federal Reserve raised its key interest rate by three-quarters of a point and signaled more rate hikes were coming to fight inflation.
Jun 15, 2022 9:59 PM
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Wealthsimple laying off 13 per cent of staff amid 'immense volatility'
TORONTO — Wealthsimple is laying off 13 per cent of its workforce as the financial services company joins the slew of global technology businesses facing market "immense volatility.
Jun 15, 2022 7:20 PM
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Canadian National Railway says it has received 72-hour strike notice from IBEW union
MONTREAL — Canadian National Railway Co. says it has been given 72-hour strike notice by the International Brotherhood of Electrical Workers. CN says the union represents about 750 of its signals and communications employees across the country.
Jun 15, 2022 7:10 PM
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FAA says future planes will need to reduce carbon emissions
WASHINGTON (AP) — The Biden administration proposed Wednesday that future planes produce lower levels of greenhouse gas emissions before they can be certified by federal regulators.
Jun 15, 2022 4:54 PM
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Glass Lewis says majority of Shopify shareholders opposed 'founder share' plan
OTTAWA — Investor advisory firm Glass Lewis & Co. says Shopify Inc.’s plan to augment founder Tobi Lütke's power in the e-commerce company only passed because of the support from an early company investor and director.
Jun 15, 2022 4:33 PM
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