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Federal government posts $7.3B deficit between April and July

Federal government posts $7.3B deficit between April and July

OTTAWA — The federal government's deficit has grown to $7.3 billion so far this fiscal year. The Finance Department's latest fiscal monitor says the deficit between April and July compares with a $1.2 billion deficit over the same period last year.
Fed's favored inflation gauge shows cooling price pressures, clearing way for more rate cuts

Fed's favored inflation gauge shows cooling price pressures, clearing way for more rate cuts

WASHINGTON (AP) — The Federal Reserve's preferred inflation measure on Friday provided the latest sign that price pressures are easing , a trend that is expected to fuel further Fed interest rate cuts this year and next. Prices rose just 0.
Fed's favored inflation gauge shows cooling price pressures, clearing way for more rate cuts

Fed's favored inflation gauge shows cooling price pressures, clearing way for more rate cuts

WASHINGTON (AP) — The Federal Reserve's preferred inflation measure on Friday provided the latest sign that price pressures are easing, a trend that is expected to fuel further Fed interest rate cuts this year and next. Prices rose just 0.
B.C. company sanctioned by U.S. Treasury Department wants Health Canada licences back

B.C. company sanctioned by U.S. Treasury Department wants Health Canada licences back

VANCOUVER — A chemical firm based in Port Coquitlam, B.C., claims Health Canada wrongfully cancelled its licences to make natural health products after being sanctioned by the U.S.
One year later, AI code signatories happy with decision but want more company

One year later, AI code signatories happy with decision but want more company

TORONTO — One year after Canada launched a voluntary code of conduct on artificial intelligence, tech organizations that signed on say they don't regret the decision but wouldn't mind some more company.
Trudeau, French president Macron meet in Canada as trade deal challenges continue

Trudeau, French president Macron meet in Canada as trade deal challenges continue

OTTAWA — French President Emmanuel Macron and Prime Minister Justin Trudeau say their governments will collaborate more on issues ranging from the war in Ukraine to foreign interference, as they face off against rising populism and misinformation.
U.S. Inflation Reduction Act causing brain drain of Canadian talent: CEOs

U.S. Inflation Reduction Act causing brain drain of Canadian talent: CEOs

BANFF, ALTA. — Some Canadian CEOs say the hundreds of billions of dollars the United States is offering in subsidies for the energy transition is causing a worrisome brain drain of some of this country's top talent.
BlackBerry says progress made in lowering costs as it reports slimmer Q2 loss

BlackBerry says progress made in lowering costs as it reports slimmer Q2 loss

BlackBerry Ltd. executives said the company has made good progress in its efforts to cut costs as it reported a slimmer loss in its latest quarter than the prior year.
Voting technology firm, conservative outlet reach settlement in 2020 election defamation case

Voting technology firm, conservative outlet reach settlement in 2020 election defamation case

DOVER, Del.
Boeing and union negotiators set to meet for contract talks 2 weeks into worker strike

Boeing and union negotiators set to meet for contract talks 2 weeks into worker strike

SEATTLE (AP) — The union representing Boeing's striking factory workers in the Pacific Northwest says it expects to resume negotiations with the company on Friday.