Business
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Canada ‘behind the ball’ with weak merger laws, says author of biting report
OTTAWA – Lax merger laws in Canada underestimate the harm to competition caused by mergers and overestimate their benefits,…
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China manufacturing weak, adding to economy pressure
BEIJING – Growth in Chinese factory activity was weak in September, export orders fell and employers cut jobs, two…
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Wall Street opens lower as markets deal with higher rates
NEW YORK – Stocks are dropping in early trading on Wall Street as bond yields get back to rising,…
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Bank of England will buy U.K. bonds at ‘whatever scale’ necessary to halt crash
The Bank of England said Wednesday it would buy U.K. government debt “on whatever scale is necessary” in an…
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Pound stabilizes but turmoil continues for U.K. economy
LONDON – The British pound stabilized in Asian trading on Tuesday after plunging to a record low a day…
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Scotiabank CEO Brian Porter to retire next year, Finning CEO will take over
TORONTO – Scotiabank says chief executive Brian Porter will retire at the end of January next year. The…
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Pfizer CEO tests positive for COVID-19 for a second time
Pfizer Inc Chief Executive Officer Albert Bourla said on Saturday he had tested positive for COVID-19. “I’m feeling…
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More than half of younger Canadians need an inheritance for financial goals: survey
A new online survey has found that more than half of Gen Z and millennial Canadians say they need…
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Statistics Canada says retail sales fell 2.5 per cent to $61.3 billion in July
OTTAWA – Statistics Canada says retail sales fell 2.5 per cent to $61.3 billion in July, the first drop…
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Turkey’s central bank makes big rate cut amid 80 per cent inflation
ISTANBUL – Turkey’s central bank delivered another massive interest rate cut Thursday despite eye-popping inflation above 80%, moving the…
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