National Business

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell sought Wednesday to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy and cause a rec

EDMONTON — Aurora Cannabis Inc. says it is laying off 12 per cent of its workforce as the company embarks on a reorganization.

ROME (AP) — Italy’s political landscape shifted Wednesday after Foreign Minister Luigi Di Maio formalized his departure from the 5-Star Movement, splitting with the party he helped found over its Ukraine policy and other differences.

The already competitive and pricey wedding industry has been exacerbated by the COVID-19 pandemic, 30-year high inflation, supply chain challenges and labour shortages

OTTAWA — The Bank of Canada says deputy governor Timothy Lane will retire in September. Lane joined the central bank in August 2008 as an adviser to the governor after 20 years at the International Monetary Fund.

TORONTO — Loblaw Cos. Ltd. and food delivery company DoorDash Inc. today announced a collaboration that introduces a rapid grocery delivery service to customers in Canada.

STROE, Netherlands (AP) — Thousands of farmers gathered in the central Netherlands Wednesday to protest the Dutch government’s plans to rein in emissions of nitrogen oxide and ammonia, driving their tractors across the Netherlands and snarling traffi

ANKARA, Turkey (AP) — Saudi Crown Prince Mohammed bin Salman arrived in Ankara on Wednesday, making his first visit to Turkey following the slaying of Saudi columnist Jamal Khashoggi in Istanbul.

MONTREAL — Canadian National Railway Co. announced today plans to invest approximately $430 million in Ontario and $365 million in Alberta this year.

OTTAWA — The Parliamentary Budget Officer says the federal government now stands to lose money from its investment in the Trans Mountain pipeline.