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Household debt-to-income ratio down in Q2, debt service ratio up: Statistics Canada

OTTAWA — Statistics Canada says the amount Canadians owe relative to their income ticked lower in the second quarter.

Wholesale inflation mostly cooled last month in latest sign that price pressures are slowing

WASHINGTON (AP) — U.S. wholesale price increases mostly slowed last month, the latest evidence that inflation pressures are cooling enough for the Federal Reserve to begin cutting interest rates next week.

Billionaire steps out of SpaceX capsule for first private spacewalk hundreds of miles above Earth

CAPE CANAVERAL, Fla. (AP) — A billionaire stepped out for the first private spacewalk Thursday, teaming up with SpaceX on the daring endeavor hundreds of miles above Earth.
Public forum spurs questions on many Outlook topics

Public forum spurs questions on many Outlook topics

Questions and comments to mayor and town council on many subjects come in from residents.

Canadian CEOs worry about climate change 'all or most of the time': survey

CALGARY — The proportion of Canadian business leaders who say they are worried about climate change jumped dramatically in 2024.

Experts say Harris dominated in debate performance against Trump

PHILADELPHIA — Political experts say Kamala Harris was able to dominate Donald Trump by prodding the former Republican president over the crowd sizes at his rallies and the 2020 loss during a debate in Philadelphia Tuesday evening.

U.S. regulator fines TD Bank US$28M for faulty consumer reports

TORONTO — The U.S. Consumer Financial Protection Bureau has ordered TD Bank Group to pay US$28 million for repeatedly sharing inaccurate, negative information about its customers in the latest reprimand of the bank by regulators.

Dollarama keeping an eye on competitors as Loblaw launches new ultra-discount chain

Dollarama Inc.'s food aisles may have expanded far beyond sweet treats or piles of gum by the checkout counter in recent years, but its chief executive maintains his company is "not in the grocery business," even if it's keeping an eye on the sector.

CN revises earnings guidance lower after work stoppage, says operations recovered

MONTREAL — Canadian National Railway Co. revised its earnings guidance for 2024 lower due to several factors including the recent labour stoppage that saw both Canada's major railways grind operations to a halt.

Bank of Canada governor urges Canada to reduce trade barriers amid supply chain risks

Canada needs to seize opportunities to secure its place in the changing global trade landscape, Bank of Canada governor Tiff Macklem said.
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