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OPEC+ keeps cautious oil production despite Biden pressure

OPEC+ keeps cautious oil production despite Biden pressure

FRANKFURT, Germany (AP) — OPEC and allied oil-producing countries rebuffed pressure from U.S. President Joe Biden to pump significantly more oil and lower gasoline prices for U.S.
Montreal home sales in October down from record level last year, but prices up

Montreal home sales in October down from record level last year, but prices up

MONTREAL — The pace of home sales in Montreal in October fell 24 per cent compared with a record total for the month last year, while prices soared higher.
Trade surplus grew to $1.9B in September as chip shortage hurt auto sector

Trade surplus grew to $1.9B in September as chip shortage hurt auto sector

OTTAWA — Canada merchandise trade surplus grew to $1.9 billion in September compared with $1.5 billion in August as both imports and exports fell due in part to the shortage of semiconductor chips that hurt auto production.
US trade deficit hits record of $80.9 billion in September

US trade deficit hits record of $80.9 billion in September

WASHINGTON (AP) — The U.S. trade deficit hit an all-time high of $80.9 billion in September as American exports fell sharply while imports, even with supply chain problems at American ports, continue to climb.
Canadians are more financially literate than they realize: poll

Canadians are more financially literate than they realize: poll

Canadians are emerging from the pandemic with a lack of confidence in their financial knowledge, with many underestimating how much they actually know about topics like savings, debt, investing and insurance, a new poll has found.
Bank of England holds rates steady, confounding expectations

Bank of England holds rates steady, confounding expectations

LONDON (AP) — The Bank of England has confounded market expectations and held U.K.
Unemployment claims drop to 269,000, another pandemic low

Unemployment claims drop to 269,000, another pandemic low

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell to a fresh pandemic low last week, another sign the job market is healing after last year's coronavirus recession.
Barrick Gold reports Q3 profit down from year ago, gold prices lower

Barrick Gold reports Q3 profit down from year ago, gold prices lower

TORONTO — Barrick Gold Corp. reported its third-quarter profit fell compared with a year ago as the price of gold also moved lower. The gold miner, which keeps its books in U.S.
UK authorizes Merck antiviral pill, 1st shown to treat COVID

UK authorizes Merck antiviral pill, 1st shown to treat COVID

LONDON (AP) — Britain granted conditional authorization on Thursday to the only pill shown to successfully treat COVID-19 so far.
Officials tell AP that Iran seized Vietnamese oil tanker

Officials tell AP that Iran seized Vietnamese oil tanker

DUBAI, United Arab Emirates (AP) — Iran seized a Vietnamese-flagged oil tanker in the Gulf of Oman last month and still holds the vessel, two U.S.