Canada & World

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.

Statistics Canada says wholesale sales rose 4.2 per cent in January to $79.8 billion, helped by gains in sales of building material and supplies, personal and household goods, and machinery, equipment and supplies.

Statistics Canada says manufacturing sales rose 0.6 per cent to $64.8 billion in January, as higher prices helped boost sales in the petroleum and coal sector to a record high and lift wood product sales higher.

The war in Ukraine is forcing investors, especially those who prioritize environmental, social and governance (ESG) factors, to take a closer look at the stocks and other assets they hold, whether individually or through funds.

A new survey by Canadian Manufacturers and Exporters found nine out of 10 companies in the sector are grappling with supply chain issues.

Ottawa-based Shopify will temporarily suspend operations in Russia and Belarus and will not be collecting fees from its Ukrainian merchants and partners for the “foreseeable future”.

Statistics Canada said Tuesday the country saw a merchandise trade surplus of $2.6 billion for January compared with a revised deficit of $1.6 billion in December.

Venture capital experts say higher interest rates could trim sky-high valuations Canadian startups have grown accustomed to over the last couple...

Top central banker says raising bank's benchmark interest rate may be costly for households, but waiting longer to act would be more costly for the country.

Under the agreement, a new tour operating business unit will be created under the WestJet Group, to include both Sunwing Vacations and WestJet Vacations Inc. and will be led by Sunwing CEO Stephen Hunter.