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Prices at the Pumps: An up and down week at the pumps

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Updated 23 hours ago |1 min read

Lack of investment is a 'big part' of Canada's productivity slowdown — and it could get worse

Updated a day ago |5 min read

"Our lagging productivity and stalled GDP growth mean Canadians are becoming collectively poorer and working harder to just remain where they are today," Perrin Beatty, chief executive of the Canadian Chamber of Commerce, said following the release of budget 2024.

N.S. wants details on Ottawa’s budget promises, finance minister worried about growing federal debt

Updated a day ago |4 min read

Finance Minister Allan MacMaster answers questions from reporters about the provincial budget at One Government Place on Thursday, Feb. 29, 2024.
Ryan Taplin - The Chronicle Herald

HALIFAX RETALES: Danielle Latour tapping the Korean rice beverage market

Updated Apr. 15, 2024 |3 min read

Crab deal will pay dividends this year and pave way for longer-term stability, says union president

Updated a day ago |7 min read

Cultural care: New long-term care facility opens in Eskasoni

Updated 8 hours ago |8 min read

Sabrina Vatcher, the chief executive officer of YMCA Cape Breton, stands by a construction fence outside of the Frank Rudderham Family YMCA on Charlotte Street. The YMCA is one of several downtown businesses that will have to contend with the interruptions coming from the street's redevelopment work this year, but Vatcher says the YMCA and Cape Breton Regional Municipality have arrangements in place to keep things running as smoothly as possible for at least the next four months. LUKE DYMENT/CAPE BRETON POST

Charlotte Street businesses brace for final round of downtown Sydney redevelopment

Luke Dyment |Updated 2 minutes ago |11 min read

It’s time for the final group of shops, bars and restaurants on Charlotte Street to endure several weeks of construction in front of their storefronts. Some will have to deal with the problem of drawing downtown visitors to an uninviting-looking ...

U.S. Dollar banknotes are seen in this illustration taken July 17, 2022.

US creditors push back against some creative funding trades, Moody's says

Shankar Ramakrishnan |Updated 6 minutes ago |2 min read

By Shankar Ramakrishnan (Reuters) - Lenders are starting to ask for extra protection in junk-rated corporate loans to damp down on a growing practice among some stressed companies to engage in a creative financing technique that allowed them to ...

Google consolidates its DeepMind and Research teams amid AI push

Reuters |Updated 1 hour ago |2 min read

(Reuters) - Alphabet-owned Google said on Thursday it would consolidate teams that focus on building artificial intelligence models across its Research and DeepMind divisions in its latest push to develop its AI portfolio. Google will relocate ...

East Coast Credit Union assets hit $1.3 billion in 2023

Atlantic Briefs Desk |Updated 1 hour ago |1 min read

A Nova Scotia Credit Union celebrating its 90th year serving members in 2023 ended the fiscal year with assets reaching more than $1.3 billion. East Coast Credit Union, which operates 20 branches between Cape Breton and Bridgewater, grew to 43,465 ...

Brazil's Minister of Finance Fernando Haddad speaks during the G20 Finance Ministers and Central Banks Governors' meeting, in Sao Paulo, Brazil, February 29, 2024.

Brazil's finance chief says G20 economies adjusting to delays in Fed rate cut

Reuters |Updated 6 minutes ago |1 min read

WASHINGTON (Reuters) - G20 finance ministers and central bank governors are adjusting to expectations that interest rates and the dollar are likely to stay higher for longer after the U.S. Federal Reserve signaled it is likely to delay rate cuts, ...

US Congress moves ahead on bill to push TikTok's Chinese owner to sell

Moira Warburton |Updated 1 hour ago |2 min read

By Moira Warburton WASHINGTON (Reuters) - An effort to force TikTok's Chinese owner, ByteDance, to sell the social media app or face a ban in the U.S. was gaining steam in Congress on Thursday, with the House of Representatives setting a vote for ...

A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021.

Wall Street steered billions to blacklisted Chinese companies: probe, WSJ reports

Reuters |Updated 1 hour ago |1 min read

(Reuters) - A congressional investigation found that Wall Street used billions of dollars of American retirement savings and other investments to buy shares in index funds that included several blacklisted Chinese companies, the Wall Street ...

ISS rebukes Buffett's Berkshire Hathaway over climate change, governance

Jonathan Stempel |Updated 2 hours ago |2 min read

By Jonathan Stempel (Reuters) - A leading shareholder advisory firm recommended on Thursday that Berkshire Hathaway shareholders withhold votes to reelect five directors at Warren Buffett's conglomerate, citing concerns about climate change and ...

Raphael Bostic, President of the Federal Reserve Bank of Atlanta walks into the three-day "Challenges for Monetary Policy" conference in Jackson Hole, Wyoming, U.S., August 23, 2019.

Fed's Bostic says he is not in a 'mad dash hurry' on rate cuts

Reuters |Updated 2 hours ago |2 min read

(Reuters) - Atlanta Federal Reserve President Raphael Bostic on Thursday said inflation is going to return to the U.S. central bank's 2% more slowly than many had expected, and "for me, that's okay ... I'm not in a mad dash hurry to get there," ...

Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023.

IMF says yen's declines 'significant' but reflect rate differentials

Leika Kihara |Updated 2 hours ago |2 min read

By Leika Kihara WASHINGTON (Reuters) -The International Monetary Fund said the yen's recent declines, while "quite significant," largely reflect the interest-rate differential between Japan and the United States, suggesting that its moves were ...