Tag Archives: business

OTTAWA - Canada's official fiscal watchdog says the federal wage subsidy program might cost $14 billion less than the government predicted. A new report today by Parliamentary Budget Office analy...

SILVER SPRING, Md. - The U.S. budget deficit climbed to $2.81 trillion in the first 10 months of the budget year, exceeding any on record, the Treasury Department said Wednesday. The nation's budgetar...

WASHINGTON - U.S. consumer prices jumped 0.6% in July as gasoline prices continued to rise. The Labor Department reported Wednesday that the increase last month in its consumer price index matched a 0...

LONDON - Britain has suffered the deepest recession among the world's top economies this year, shrinking by a fifth in the second quarter alone when much of the economy was mothballed as part of effor...

Sumner Redstone, who joined his family's drive-in movie chain in the 1950s and used it to build a vast media empire that included CBS and Viacom, has died. He was 97. Under his watch, Viacom became on...

OTTAWA - Prime Minister Justin Trudeau tried Tuesday to shut down speculation that he's about to fire his finance minister, saying he has full confidence in Bill Morneau and that any reports to the co...

OTTAWA - The federal government has launched an updated calculator to help employers estimate what help they might receive from the next phase of the Canada Emergency Wage Subsidy. The calculator...

TOKYO - Japanese technology giant SoftBank Group Corp.'s said Tuesday that its profit rose 12% in April-June from a year earlier as its investments added to its coffers, including sales of its shares ...

LONDON - The U.K. has kept a lid on its unemployment rate so far during the coronavirus pandemic but, scratch beneath the surface, there are worrying trends that will likely see the jobless total soar...

OTTAWA - The federal government has temporarily set a minimum unemployment rate of 13.1 per cent to calculate employment insurance benefits during the COVID-19 pandemic. Those people living in regions...