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National Business
Aggressive tone from central banks sends TSX to biggest two-day drop since 2020
TORONTO — Canada's main stock index suffered its worst two-day slump in nearly two years as a more aggressive tone about interest rate hikes from central banks wreaked havoc across North American markets.
Apr 22, 2022 2:20 PM
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Stocks stumble 2.8% as worries about interest rates worsen
NEW YORK (AP) — Stocks tumbled on Wall Street Friday, leaving the S&P 500 with its biggest one-day loss in almost seven weeks, as worries deepen about a surge in interest rates and the U.S. central bank’s efforts to fight inflation.
Apr 22, 2022 1:41 PM
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Disney government dissolution bill signed by DeSantis
TALLAHASSEE, Fla. (AP) — Florida Gov. Ron DeSantis on Friday signed a bill to dissolve Walt Disney World’s private government, after the entertainment giant opposed a new state law critics have dubbed “Don’t Say Gay.
Apr 22, 2022 12:50 PM
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Alterna Savings signs deal to acquire majority of PACE Credit Union assets
TORONTO — Alterna Savings and Credit Union Ltd. has signed a deal to acquire the majority of the assets of the troubled PACE Savings and Credit Union. Financial terms of the deal were not immediately available.
Apr 22, 2022 11:19 AM
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Statistics Canada says retail sales edged up 0.1 per cent in February
OTTAWA — Retail sales edged higher in February as Canadians went shopping for new clothes and spent more filling up at the gas pumps. Statistics Canada said Friday retail sales rose 0.1 per cent to $59.
Apr 22, 2022 8:45 AM
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Hudson's Bay Company calls donation of Winnipeg building an act of reconciliation
Hudson's Bay Co., North America's oldest company with fur trading roots entwined with Canada's Indigenous Peoples, is calling the donation of its landmark Winnipeg building to a First Nations group an act of reconciliation.
Apr 22, 2022 7:14 AM
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Philadelphia to end mask mandate, days after reinstating it
Philadelphia is ending its indoor mask mandate, city health officials said Thursday night, abruptly reversing course just days after people in the city had to start wearing masks again amid a sharp increase in infections.
Apr 21, 2022 8:38 PM
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Arizona Supreme Court reinstates massive income tax cuts
PHOENIX (AP) — The Arizona Supreme Court on Thursday ruled that the state's voters do not have the right to reject a massive income tax cut approved by the Republican-controlled Legislature and Gov. Doug Ducey last year.
Apr 21, 2022 6:51 PM
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Bank of Canada governor Tiff Macklem says he won't 'rule anything out' on rates
TORONTO — On a day when the Federal Reserve spooked markets with its tough talk on interest rates, Bank of Canada governor Tiff Macklem says he won’t "rule anything out" when it comes to the central bank’s own interest rate path and taming Canada’s o
Apr 21, 2022 4:43 PM
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Bank of Canada governor Tiff Macklem says he won't 'rule anything out' on rates
On a day when the Federal Reserve spooked markets with its tough talk on interest rates, Bank of Canada governor Tiff Macklem says he won’t "rule anything out" when it comes to the central bank’s own interest rate path and taming Canada’s out-of-cont
Apr 21, 2022 4:00 PM
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