Economy · 12 d ago
David Wright · CC BY-SA 2.0 · Wikimedia Commons
EU enters winter with historically low gas reserves, IEA warns
EU gas storage is only 72 per cent full, down from the usual 90 per cent.
Economy
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The economy and business in short stories.
Economy · 12 d ago
Canadian retail sales rise 1.2 per cent in August
Statistics Canada says retail sales rose 1.2 per cent to $74.6 billion in August, helped by higher new car sales.
Economy · 12 d ago
MeanieHyaena · CC BY 4.0 · Wikimedia Commons
US proposes new limits on investment in sensitive Chinese technology
The Treasury Department proposed rules on Thursday to enforce a 2025 law restricting US investment in China and other countries of concern, including Russia and Iran.
Economy · 12 d ago
Jaggery · CC BY-SA 2.0 · Wikimedia Commons
Barclays to cut 5,000 jobs as it turns to AI
The UK bank said 1,000 posts are already closed and a further 4,000 are to go by the end of the year, about 5 per cent of its global workforce.
Economy · 12 d ago
Taxiarchos228 · CC BY-SA 3.0 de · Wikimedia Commons
Rogers posts a $482-million third-quarter profit as revenue edges up two per cent
The profit works out to 88 cents a share on revenue of $5.44 billion, up from $5.35 billion a year earlier.
Economy · 12 d ago
Meta and other AI stocks tumble as investors question the cost of the AI buildout
Meta fell eight per cent on Thursday, its biggest drop since July, after it said it would sell a new class of non-voting shares to fund AI spending.
Economy · 12 d ago
Lazarus1255 · CC BY-SA 4.0 · Wikimedia Commons
Oil climbs to its highest since May as Washington tries to tame fuel prices
Brent crude rose 1.6 per cent to US$114.92 a barrel on Friday, up from less than US$97 at the start of the month.
Thursday, Oct 22
Economy · 13 d ago
Spudgun67 · CC BY-SA 4.0 · Wikimedia Commons
Ontario's finance minister warns of more deficits ahead of the fall update
Finance Minister Peter Bethlenfalvy says he will release Ontario's fall economic update next Thursday, Oct 29.