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Asian stocks follow Wall St lower on economy fears
BEIJING (AP) — Asian stock markets were mostly lower Friday after Wall Street fell on fears interest rate hikes will depress global economic activity. Tokyo, Seoul and Sydney fell. Shanghai and Hong Kong advanced.
Jun 16, 2022 11:45 PM
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Revlon, beauty icon in crowded market, files for bankruptcy
NEW YORK (AP) — Revlon, a cosmetics maker that broke racial barriers and dictated beauty trends for much of the last century, has filed for Chapter 11 bankruptcy protection.
Jun 16, 2022 7:52 PM
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Fed's aggressive rate hikes raise likelihood of a recession
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed's efforts so far to tame it.
Jun 16, 2022 6:53 PM
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Freeland leaves the door open to further action to address economic volatility
TORONTO — The federal government is prepared to take further action to address more severe economic volatility, but Finance Minister Chrystia Freeland wouldn't say if a hard landing for Canada's housing market would be the trigger for such moves.
Jun 16, 2022 6:45 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,004.06, down 607.50 points.) Athabasca Oil Corporation (TSX:ATH). Energy. Down seven cents, or 2.3 per cent, to $2.96 on 11.
Jun 16, 2022 5:59 PM
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S&P/TSX composite down more than 600 points amid hangover from Fed rate hike
North American markets faced a harsh reckoning Thursday following the U.S. Federal Reserve's outsize rate hike a day earlier, with Canada's main stock index dropping more than 600 points at closing time.
Jun 16, 2022 5:35 PM
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Basic income would ease poverty but require higher taxes, spending cuts: Study
HALIFAX — A guaranteed basic income in Canada would help alleviate poverty but could also put the fiscal sustainability and labour supply of some provinces at risk, a new study published Thursday says.
Jun 16, 2022 5:08 PM
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Avenatti pleads guilty to fraud, tax charges in California
SANTA ANA, Calif.
Jun 16, 2022 5:03 PM
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WestJet's new strategy will see company invest 'majority' of fleet in Western Canada
CALGARY — The WestJet Group says it plans to refocus its routes and fleet on Western Canada. The Calgary-based airline says in the wake of a strategic review, it has decided to shift resources to grow its presence in the West.
Jun 16, 2022 4:56 PM
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AP Interview: Biden says a recession is 'not inevitable'
WASHINGTON (AP) — President Joe Biden told The Associated Press on Thursday that the American people are “really, really down” after a tumultuous two years with the coronavirus pandemic , volatility in the economy and now surging gasoline prices that
Jun 16, 2022 4:46 PM
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