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National Business
Major UK ferry operator fires 800 crew after pausing service
LONDON (AP) — P&O Ferries, one of the largest ferry operators serving the United Kingdom, fired 800 crew members with “immediate" effect, saying Thursday that the company’s survival depends on “swift and significant changes.
Mar 17, 2022 10:04 AM
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Bank of England raises rates as Ukraine war boosts inflation
LONDON (AP) — The Bank of England raised its key interest rate Thursday for the third time since December as it pushes ahead faster than other central banks in combating a global wave of inflation that is set to accelerate following Russia’s invasion
Mar 17, 2022 9:06 AM
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Fewer Americans file for jobless claims last week
WASHINGTON (AP) — Fewer Americans applied for unemployment benefits last week as layoffs continue to fall amid a strong job market rebound.
Mar 17, 2022 8:51 AM
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MDA reports $600,000 Q4 profit, revenue up 15 per cent from year ago
BRAMPTON, Ont. — MDA Ltd. reported a fourth-quarter profit of $600,000 compared with a loss of $12.6 million in the last three months of 2020 as its revenue rose 15 per cent.
Mar 17, 2022 7:50 AM
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Emirati-flagged cargo ship sinks in Persian Gulf off Iran
DUBAI, United Arab Emirates (AP) — An Emirati-flagged cargo ship sank Thursday off Iran in the Persian Gulf in poor weather, authorities said, with rescuers attempting to account for all of its 30 crew members. Capt.
Mar 17, 2022 4:54 AM
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Fed begins inflation fight with key rate hike, more to come
WASHINGTON (AP) — The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising its benchmark short-term interest rate and signaling up to six additional rate hikes this year.
Mar 16, 2022 6:15 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,468.83, up 280.99 points.) Enbridge Inc. (TSX:ENB). Energy. Down 41 cents, or 0.7 per cent, to $55.82 on 10.8 million shares.
Mar 16, 2022 5:40 PM
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North American stock markets gyrate and climb in reaction to Fed rate hike
TORONTO — North American stock markets gyrated midweek after the U.S. Federal Reserve raised interest rates and pointed to six more hikes this year as inflation is expected to remain hot while economic growth is forecast to slow.
Mar 16, 2022 5:31 PM
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Canada, Ontario commit millions for Honda plant upgrades to manufacture hybrid cars
Canada's prime minister and Ontario's premier announced millions in funding support for domestic hybrid car production on Tuesday but both leaders dodged questions on the possibility of incentives to help Canadians buy them.
Mar 16, 2022 3:16 PM
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How expensive are food products getting in Canada? A breakdown of some popular items
Canadians can’t seem to catch a break at the grocery store as food prices continue to soar. Statistics Canada reported Wednesday that food prices rose 7.4 per cent in February compared with a year ago.
Mar 16, 2022 1:53 PM
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