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Yellen says shifts in job market since Great Recession make Fed rate decisions more difficult

Aug 22, 2014 / 9:04 pm

JACKSON HOLE, Wyo. - If anyone thought Janet Yellen might clarify her view of the U.S. job market in her speech here Friday, the Federal Reserve chair had a message:The picture is still hazy.Though the unemployment rate has steadily dropped, Yellen suggested that other gauges of the job market have...

Obama offers new birth control fixes to religious nonprofits, some for-profits companies

Aug 22, 2014 / 3:56 pm

WASHINGTON - Seeking to quell a politically charged controversy, the Obama administration announced new measures Friday to allow religious nonprofits and some companies to opt out of paying for birth control for female employees while still ensuring those employees have access to contraception.Even...

Most actively traded companies on the TSX

Aug 22, 2014 / 3:02 pm

Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (15,535.55, down 20.54 points):Carpathian Gold Inc. (TSX:CPN). Miner. Unchanged at two cents on 8.3 million shares.Southern Pacific Resource Corp. (TSX:STP). Oil and gas. Down one cent, or 11.76 per...

World's central bankers pursue sometimes conflicting policies as economic prospects diverge

Aug 22, 2014 / 2:52 pm

WASHINGTON - The central bankers meeting this week at their annual conference in Jackson Hole, Wyoming, aren't exactly in sync. Many are taking steps that clash with the policies of others.The Federal Reserve is preparing to reduce its economic support. By contrast, the European Central Bank is...

TSX slips amid solid RBC results, remarks by Yellen at Fed conference

Aug 22, 2014 / 1:38 pm

TORONTO - The Toronto stock market closed lower Friday as the financial sector failed to find lift from record earnings at Canada's biggest bank.The S&P/TSX composite index dropped 20.54 points to 15,535.55The profit amounted to $1.64 per share on an adjusted basis, eight cents ahead of...

Oregon sues Oracle Corp. over state's troubled Cover Oregon health insurance exchange

Aug 22, 2014 / 1:24 pm

SALEM, Ore. - The state of Oregon filed a lawsuit Friday against Oracle Corp. and several of its executives over the technology company's role in creating the troubled website for the state's online health insurance exchange.The lawsuit, filed in Marion County Circuit Court in Salem, seeks more...

Canadian dollar flat amid tame inflation data, strong retail figures

Aug 22, 2014 / 1:18 pm

TORONTO - The Canadian dollar closed unchanged Friday amid a stronger than expected showing on retail sales and tame inflation data. The loonie was flat at 91.37 cents US as Statistics Canada reported that the consumer price index for July declined 0.2 per cent, versus the 0.1 per cent dip that...

Royal Bank says its diversified businesses will shield from volatility

Aug 22, 2014 / 1:08 pm

TORONTO - The head of Canada's largest bank offered reassurances Friday that it is well prepared to deal with slower growth in some areas, like retail banking, as it reported a record third-quarter profit boosted largely by a surge in its capital markets division."We are confident of capturing...

TV industry watchdog says 'pick-and-pay' model would hurt economy, cost jobs

Aug 22, 2014 / 11:46 am

OTTAWA - Some local TV stations will be forced to close and more than 30,000 people could lose their jobs if Canada's broadcast regulator adopts changes it wants Canadians to consider, says a broadcast industry watchdog group.The Canadian Radio-television and Telecommunications Commission proposed...

Judge denies request to impose injunction on New Brunswick forestry plan

Aug 22, 2014 / 11:28 am

FREDERICTON - A New Brunswick judge rejected a bid Friday by aboriginal leaders to block an increase in the amount of softwood lumber that can be harvested from Crown lands in the province.The Assembly of First Nations' Chiefs of New Brunswick asked the Court of Queen's Bench to impose an...

Dead floppy drive: Kenyan company recycles global e-waste; lawmakers debate new e-waste law

Aug 22, 2014 / 11:26 am

MACHAKOS, Kenya - In an industrial area outside Kenya's capital city, workers in hard hats and white masks take shiny new power drills to computer parts. This assembly line is not assembling, though. It is dismantling some of the estimated 50 million metric tons of hazardous electronic-waste the...

Leonardo DiCaprio visits Alberta oilsands to research documentary

Aug 22, 2014 / 10:02 am

FORT MCMURRAY, Alta. - Actor Leonardo DiCaprio is the latest celebrity to visit Alberta's oilsands. Sources involved with the visit say DiCaprio is doing research for an environmental documentary. The Oscar-nominated star of "The Wolf of Wall Street" has a long history of...

Canada's inflation rate lower in July at 2.1 per cent, down from June

Aug 22, 2014 / 8:28 am

OTTAWA - Tame inflation, but robust retail sales sent conflicting signals Friday about the Canadian economy, economists say. Statistics Canada said the rise in the cost of living was tempered in July, with the annual inflation rate coming in at 2.1 per cent. That was down from June when the...

QuickList: Annual inflation rate in July for selected Canadian cities

Aug 22, 2014 / 6:04 am

OTTAWA - Canada's national annual inflation rate was 2.1 per cent in July, Statistics Canada says. The agency also released rates for major cities, but cautioned that figures may fluctuate widely because they are based on small statistical samples (Previous month in brackets):_ St. John's, N.L, 2.3...

QuickList: July inflation rates for Canadian provinces, territories

Aug 22, 2014 / 6:00 am

OTTAWA - Canada's national inflation rate was 2.1 per cent in July, Statistics Canada says. Here's what happened in the provinces and territories. (Previous month in brackets):_ Newfoundland and Labrador 2.2 (2.5)_ Prince Edward Island 1.8 (2.0)_ Nova Scotia 2.0 (2.2)_ New Brunswick 1.8 (2.0)_...

Quebec soon to be Canada's only district with distinct domain name: .quebec

Aug 22, 2014 / 5:46 am

MONTREAL - Quebec will soon enjoy distinct status in Canada and across the World Wide Web, thanks to recognition by the global Internet body.This fall, the domain name .quebec will be available to serve as a URL suffix for websites, making the province the only Canadian jurisdiction with its own...

Housing recovery accelerates as sales of existing homes rise for a 4th straight month

Aug 21, 2014 / 4:14 pm

WASHINGTON - A fourth straight monthly increase in sales of existing homes provided the latest evidence Thursday that the U.S. housing market is rebounding from a weak start to the year.Housing has been a drag on an otherwise strengthening economy, in part because a harsh winter delayed many sales....

Greenpeace says defamation lawsuit an attempt to muzzle criticism

Aug 21, 2014 / 3:54 pm

THUNDER BAY, Ont. - An environmental group has filed court documents saying a lawsuit against it is an attempt to silence its criticism of a forestry company's harvesting practices."Greenpeace states that the Plaintiffs’ claims for defamation and interference with economic relations, have no...

ATB Financial posts record profits of $83.9M in Q1; revenue up 9.2% to $354.5M

Aug 21, 2014 / 3:54 pm

EDMONTON - Provincially owned ATB Financial has posted record earnings of $83.9 million in its fiscal 2015 first quarter.ATB, one of Western Canada's largest financial institutions, reported Thursday that the 27.4 per cent increase in profit over the comparable year-earlier period came as revenue...

Most actively traded companies on the TSX

Aug 21, 2014 / 1:52 pm

Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (15,555.26, down 6.69 points):Southern Pacific Resource Corp. (TSX:STP). Oil and gas. Down 3.5 cents, or 29.17 per cent, to 8.5 cents on 36.8 million shares.Romarco Minerals Inc. (TSX:R). Miner....

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