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Wednesday, January 20, 2016
The rapid fall of the Canadian dollar alongside plunging oil prices is hitting Canadians hard, with a marked increase in the cost of imported goods forcing households to reduce spending.
Tuesday, January 19, 2016
With petroleum investment and the manufacturing sector sagging and the stock market in free fall, many Americans are wondering when they will begin to see the benefits of cheap oil.
Saturday, January 16, 2016
Americans tapered off from shopping toward the end of the holiday season, while lower gasoline prices cut into overall retail sales in December.
American businesses are facing numerous risks and few upsides as they enter 2016, with political uncertainties, greater regulation and cyber theft among their top concerns, says the leader of the nation's most influential business lobby.
The U.S.'federal government wants to get autonomous vehicles on the road more quickly, and says it will fast-track policies and possibly even waive regulations to do it.
The income gap in major U.S. cities goes beyond the trend of rising paychecks for those at the top: Pay has plummeted for those at the bottom.
Goldman Sachs said Thursday it will pay roughly US$5 billion to settle U.S. federal and state probes of its role in the sale of shoddy mortgages in the years leading to the housing bubble and subsequent financial crisis.
Best Buy's shares sank Thursday after the nation's largest consumer electronics chain reduced its sales outlook for the fourth-quarter as it reported weak holiday business in mobile phones and personal devices.
Average long-term U.S. mortgage rates fell this week amid continued turbulence in global stock markets.
Friday, January 15, 2016
A potato genetically engineered to resist the pathogen that caused the Irish potato famine is as safe as any other potato on the market, the Food and Drug Administration says.
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