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U.S. Supreme Court decision rejects Purdue Pharma opioid settlement,
The U.S. Supreme Court on Thursday rejected a nationwide settlement with OxyContin maker Purdue Pharma that would have shielded members of the Sackler family who own the company from civil lawsuits over the toll of opioids but also would…
Fed’s Bostic sees one rate cut as likely this year but says he isn’t
Atlanta Federal Reserve Bank President Raphael Bostic said Thursday that he is sticking with his forecast of one quarter-point interest-rate cut this year, sometime in the October-December quarter.
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Micron investors will have to wait for 2025 for a bigger AI payoff
Amid a forecast that was just on target, some may be concerned by set contracts for HBM chips
Read More: Micron investors will have to wait for 2025 for a bigger AI payoff
Billionaire Frank Stronach charged with 8 more criminal counts including
Canadian billionaire Frank Stronach has been charged with additional criminal offences, including sexual assault, Peel Regional Police said Wednesday."Investigators from the Peel Regional Police, Special Victims Unit, have identified…
Why inflation could take several years to get back to 2%
A senior research economist at the Federal Reserve’s Cleveland branch, Randal Verbrugge, says the intrinsic characteristics of inflation make it unlikely to get down to the Fed’s 2% target in a timely way.
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After early struggles, federal refugee employment program gains traction
As the federal government moves to restrict the number of temporary workers in the country, a relatively new program to bring refugees to Canada on a permanent basis is beginning to catch on with employers.The Economic Mobility Pathways…
People aren’t spending on swimming pools right now, an industry-leading
The stocks of companies that make swimming pools and related equipment were sharply lower Tuesday, after industry leader Pool Corp. issued a profit warning for 2024 amid weak demand for new pools.
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Inflation ticked up to 2.9% in May
Canada's annual inflation rate edged up to 2.9 per cent in May — an increase from 2.7 per cent in April — mostly due to higher prices for services, Statistics Canada said on Tuesday.Some of the increase was typical of the season. Prices…
Rising jobless claims hint at cracks in the economy. Or do they?
Are rising jobless claims a sign of emerging weakness in the economy? Don’t bet on it — at least not yet.
Read More: Rising jobless claims hint at cracks in the economy. Or do they?
Every year, StatCan tweaks how it calculates inflation. What to know about
Whenever you pass through the cash register at a grocery store, the price of everything in your shopping cart — from discounted chicken to strawberries on promotion — is collected by the retailer and sent to Statistics Canada.That's just…