Economy
FDIC Chair Gruenberg pledges aggressive oversight, new rules for regional banks
Federal Deposit Insurance Corp. Chairman Martin Gruenberg called for new rules and tougher oversight of large regional banks following the...
Biden urges UAW and Detroit automakers to reach ‘fair agreement’
President Joe Biden on Monday urged the United Auto Workers and Detroit’s Big Three automakers to forge a deal, a...
Yellen touts ‘explosion in U.S. factory construction’ as she marks Inflation Reduction Act’s anniversary
U.S. Treasury Secretary Janet Yellen on Monday talked up gains for domestic manufacturing, as she and other Biden administration officials...
Hate to spoil the party, but there’s a new risk in town — a ‘no landing’ economy
For the last 18 months, all you’ve heard from the markets is that the U.S. economy is three months away...
Canadian economy to get ‘back on its feet’ next year, Deloitte Canada says
Canada's near-term economic struggles will ease next year when growth returns and the Bank of Canada begins cutting its key lending rate,...
Social Security’s COLA could be about 3% in 2024 — after an 8.7% increase in 2023
Social Security recipients could see a roughly 3% boost next year, according to new estimates on Thursday following the release...
The Daily Chase: Looming U.S. shutdown; Peloton rallies on Lululemon news
Amber Kanwar Anchor, ReporterFollow|ArchiveClose your eyes and picture Nvidia CEO Jensen Huang. What is he wearing? (Don’t worry, this is...
Why have frozen fruit and vegetable prices soared by almost 12% — but the cost of fresh produce has not?
What’s going on with frozen fruit and vegetables?Food prices rose 0.2% on the month in July after remaining unchanged in...
Consumers seeing substantial improvement in U.S. economy over past 3 months: University of Michigan survey
The numbers: The University of Michigan’s gauge of consumer sentiment inched down to a preliminary August reading of 71.2 after...
The Daily Chase: Cannabis industry watching U.S. Senate vote
Amber Kanwar Anchor, ReporterFollow|ArchiveI’ve got nothing clever to say today. And my notoriously demanding producer says that’s okay. Since I...
David Weiss named special counsel in Hunter Biden probe
U.S. Attorney General Merrick Garland on Friday named David Weiss as a special counsel in the investigation into President Joe...
Economists are getting more optimistic about GDP and jobs, survey says
The U.S. economy will likely see stronger growth and add more jobs next year than previously expected, according to a...
Unifor contract talks with General Motors begin after workers ratify Ford deal
Contract talks between Unifor and General Motors Canada begin today.The negotiations cover about 4,300 workers at the automaker's St. Catharines Powertrain Plant, the Oshawa Assembly...
U.S. bank lending flattens out in latest week
The numbers: Commercial and industrial loans — a key economic driver — fell slightly in the week ending Aug. 2,...
Bank of Canada hikes likely won’t continue into 2024: expert
One markets expert thinks the Bank of Canada will hike interest rates at least once more in 2023, but won’t...
10-year yield advances for fourth straight week after U.S. July producer price data
Treasury yields finished at one-week highs on Friday after the U.S. July producer price index came in hotter than expected,...
Wage wins could inspire more labour action: RBC report
Canada has already seen several contentious labour negotiations this year and a recent report from RBC economists suggests there could...
U.S. wholesale prices surprise to the upside in July, PPI shows
The numbers: The U.S. producer price index rose 0.3% in July, the Labor Department said Friday, up from a revised...
The Daily Chase: Trans Mountain route change approved
Amber Kanwar Anchor, ReporterFollow|Archive Mercifully, it looks like Hollywood writers will be back in action and talk shows will start...
Worker pay at center of Fed’s inflation fight
The biggest surge in U.S. prices in 40 years is over, but the fight against inflation is not.First the good...
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Why have frozen fruit and vegetable prices soared by almost 12% — but the cost of fresh produce has not?
What’s going on with frozen fruit and vegetables?Food prices rose 0.2% on the month in July after remaining unchanged in...
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Suspects broke into home in Toronto’s east end, stole valuable items: police
Toronto police have released photos of two suspects in connection with a home robbery in the east end last weekend....
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