National Business

TORONTO — From boosting cash on hand to cutting staff, Canadian banks are taking a variety of strategies to prepare for a widely expected economic slowdown in the year ahead.

TORONTO — Higher expenses, lower interest margins and more money set aside for potentially bad loans all weighed on CIBC's earnings which declined in the fourth quarter from a year ago.

TORONTO — TD Bank Group saw earnings climb in the fourth quarter, despite setting aside more money for potentially bad loans, as it benefitted in part from higher interest margins on its loans.

BERLIN (AP) — German lawmakers on Thursday approved a free-trade deal between the European Union and Canada, moving the accord a step closer to taking full effect.

At first glance, it might seem like the deals have never been better as posters in store windows and online ads trumpet a steady stream of holiday sales.

WASHINGTON (AP) — A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed's intent to keep raising interest rates to cool the economy and slow the accelera

WASHINGTON (AP) — The number of Americans applying for unemployment benefits came back down last week, hovering near levels suggesting the U.S. labor market has been largely unaffected by the Federal Reserve's aggressive interest rate hikes.

TORONTO — Royal Bank of Canada says Jacynthe Côté will be appointed as chair of the bank's board of directors next year.

WASHINGTON — Since the global onset of COVID-19, Canada has been gradually closing the gap with the United States when it comes to attracting and keeping an important economic prize: new permanent residents.

The Canadian Food Inspection Agency has issued a recall for Cruzilles brand Acid Mini Pastille – Fruit Jellies because the candy contains milk which is not listed on the label.