National Business

OTTAWA — The Bank of Canada is holding its key interest rate steady for the first time in a year, sticking to its wait-and-see approach even as its U.S. counterpart charts a more aggressive path.

WASHINGTON (AP) — President Joe Biden's upcoming budget proposal aims to cut deficits by nearly $3 trillion over the next decade, according to an administration official.

OTTAWA — After years of sitting at rock bottom levels, higher interest rates are forcing Canadians with debt to pay more and crimping budgets — but for investors in need of income from their portfolio, higher rates are a welcome sight.

OTTAWA — Canada posted a merchandise trade surplus of $1.9 billion in January, helped by exports of wheat, canola oil and soybeans, Statistics Canada said Wednesday. The agency said the result compared with a revised surplus of $1.

WASHINGTON (AP) — U.S. employers posted 10.8 million job openings in January, indicating the American job market continues to run too hot for the inflation fighters at the Federal Reserve. Job openings fell from 11.

OTTAWA — The Bank Canada kept its key interest rate target on hold at 4.5 per cent on Wednesday. Here is the text of the central bank's statement announcing the decision: The Bank of Canada today held its target for the overnight rate at 4.

TORONTO — First Quantum Minerals Ltd. says it has reached an agreement to settle its dispute with the government of Panama over profit-sharing at the Canadian miner's Cobre Panama mine.

One month after a cyberattack hit Indigo Books & Music Inc., Canada's biggest bookstore chain is back online, although, still grappling with the fallout.

TORONTO — It's been one month since a ransomware attack hit Canada's biggest bookstore chain. The hack kicked Indigo Books & Music Inc.

Smaller financial institutions tend to be closer to gender parity in their executive ranks than the major Canadian banks, a new analysis by credit rating agency DBRS Morningstar has found.