Business

The U.S. Federal Reserve indicated Wednesday that it’s nearing a long-awaited shift toward cutting interest rates, a sign that its officials have grown confident that they're close to fully taming inflation. But the Fed also signaled that the first rate cut is likely months away.

Canada's banking regulator has released final guidelines on how it expects banks to protect themselves against foreign interference and other risks related to integrity and security.

Low pandemic-era interest rates sparked a real estate boom across Canada, but in the pre-construction market there's trouble on the horizon. An insolvency trustee explains the "double whammy" that's coming.

The Desjardins Group says it will cut its service centres and ATMs by 30 per cent before 2027.

H&M's top executive unexpectedly stepped down Wednesday and the company's stock plunged as the fashion giant reported a drop in sales over the holiday shopping season.

Canada's economy appears to have ended 2023 on a stronger note than expected, which economists say could push back the timeline for interest rate cuts this year.

Insurance company Manulife has announced big changes in how it covers certain prescription drugs, with roughly 260 medications now only available for coverage if dispensed at a Loblaw-owned pharmacy.

A judge says Elon Musk must give up a compensation package awarded by Tesla's board of directors that is potentially worth more than $55 billion.

Canada's main stock index closed modestly up Tuesday thanks in part to a rise in energy stocks, while U.S. stock markets were mixed.

The layoffs join the long list of tech companies that have trimmed staff, from Amazon to eBay, in just the first month of the new year.

Higher prices will start coming to Metro Inc. grocery stores as soon as next week after an industry-wide blackout period on supplier price increases comes to an end, CEO Eric La Fleche said Tuesday.

Enbridge Inc. says it is cutting its workforce by 650 positions due to 'increasingly challenging business conditions.'

UPS announced Tuesday that it will cut 12,000 jobs as part of a bid to save US$1 billion costs. Managers and contractor positions will make up most of the layoffs.

Some pharmacare policy experts are raising concerns about competition and patient access to much-needed medication after Manulife Financial Corp. announced its coverage of certain prescription drugs will only apply at Loblaw Cos. Ltd. pharmacies.

Japanese transport officials raided a Toyota-affiliated plant Tuesday after the company admitted to cheating on engine testing, as Toyota Motor Corp. reported it sold over 11 million vehicles in 2023 to retain its status as the world's top car manufacturer.