National Business

OTTAWA — The purchasing power of Canadians waned further last month as wages were outpaced by an annual inflation rate that topped five per cent for the first time in more than 30 years. The annual inflation rate rose to 5.

Food prices in Canada are soaring as higher input costs, shipping fees and wages push the food inflation rate to 6.5 per cent — the biggest year-over-year jump in grocery bills in more than a decade.

SALT LAKE CITY (AP) — Kevin Costner, the Academy Award-winning actor-director known for films such as “Dances With Wolves" and the current TV hit “Yellowstone,” is lobbying Utah lawmakers to offer more tax rebates to films that choose to shoot in rur

BILLINGS, Mont. (AP) — Former U.S.

Barrick Gold Corp. is scouting for new exploration opportunities in Asia as part of an ongoing push into prospective territories, the Toronto-based mining company said Wednesday.

OTTAWA — Statistics Canada says manufacturing sales rose 0.7 per cent in December to $64.0 billion, led by a gain in sales of plastic and rubber, motor vehicles and fabricated metal, as well as wood product industries.

OTTAWA — Statistics Canada says wholesale sales rose for a fifth consecutive month in December, helped by gains in the auto sector. The agency says wholesale sales rose 0.6 per cent in December to $76.2 billion.

TORONTO — After holding off on an interest rate increase last month, the stage is set for the Bank of Canada to hike in March after the annual inflation rate topped five per cent for the first time in more than 30 years, with prices rising for everyt

OTTAWA — Canada's national annual inflation rate was 5.1 per cent in January, Statistics Canada says.

OTTAWA — Canada's national annual inflation rate was 5.1 per cent in January, Statistics Canada says. Here's what happened in the provinces (previous month in brackets): — Newfoundland and Labrador: 4.0 per cent (4.2) — Prince Edward Island: 7.