Category: Uncategorized

Wayfair to cut 870 jobs, shares down 17%Online furniture retailer Wayfair Inc said on Friday it would cut about 870 jobs, or 5% of its global workforce, as it looks […]

At midday: TSX falls amid global risk-off sentimentCanada’s main stock index fell on Friday as worries about an aggressive policy stance by major central banks hurt risk appetite even as […]

Enbridge to assume operation of Gray Oak oil pipeline in TexasEnbridge Inc. says it has completed a deal that will see the Calgary-based pipeline giant become operator of the Gray […]

U.S. weekly jobless claims dip as labour market remains resilientThe number of Americans filing new claims for unemployment benefits fell last week and data for the prior period was revised […]

OPEC secretary-general says oil slide driven by fear, upbeat on 2023 outlookA recent oil-price slide reflects fears of economic slowdown and masks physical market fundamentals, OPEC’s new secretary general told […]

Keyera and Canadian National Railway to evaluate Alberta terminal projectKeyera Corp. KEY-T -1.02%decrease and Canadian National Railway Co. CNR-T +0.15%increase have signed a deal to evaluate building a rail terminal in Alberta to ship energy products.The […]

Quebec pension fund manager Caisse loses $33.6-billion in first half of 2022Roiling world markets have taken their toll on Caisse de dépôt et placement du Québec, as the pension giant […]

Trudeau celebrates Canadian windfall from Biden signing Inflation Reduction ActCanadian Prime Minister Justin Trudeau took to social media to celebrate President Biden signing the Inflation Reduction Act, boasting that the American legislation […]

U.S. retail sales were flat in July as inflation takes a tollThe pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates […]