Economics

The U.S. Federal Reserve held interest rates steady on Wednesday, but in its most divided decision since 1992 noted rising concerns about inflation.

Iran’s national rial currency hit a record low Wednesday of 1.8 million to the dollar as a shaky ceasefire with the U.S. and Israel holds.

The Bank of Canada is holding its key policy interest rate at 2.25 per cent for the fourth consecutive time as it warns of higher inflation for the short term.

Here are five things you need to know this morning.

The spring economic update the federal government released on Tuesday seeks to formalize a pivot in climate policy that first appeared in last year’s energy agreement with Alberta.

Here are five things you need to know this morning.

Big Tech has spent hundreds of billions of dollars over three years to power the artificial intelligence boom. But investors still want one answer: will all this pay off?

A family-owned business that makes PPE is warning retail consumers to brace for possible shortages of certain everyday items as the closure of the Strait of Hormuz sends the cost of oil-derived raw materials surging.

Business groups say the federal government’s decision to establish Canada’s first sovereign wealth fund could be helpful to get projects going, but is not a singular fix.

The U.S. dollar fell against major currencies on Monday as investors weighed a diplomatic impasse in U.S.-Iran negotiations and braced for a week packed with central bank decisions, including what is expected to be Federal Reserve Chair Jerome Powell’s final meeting at the helm.

Eli Lilly said on Monday it would buy privately held cancer drug developer Ajax Therapeutics for up to US$2.3 billion in cash, as the U.S. drugmaker looks to expand its oncology pipeline.

Domino’s Pizza missed same-store sales estimates for the first quarter on Monday, as higher living costs tied to ongoing geopolitical and economic uncertainties prompted budget-strained customers to cut discretionary spending, including dining out.

German sportswear maker Adidas’ shares rose on Monday after Kenya’s Sabastian Sawe became the first person to run a marathon in under two hours in an official race, accomplishing his feat wearing the brand’s Adizero Adios Pro Evo 3 trainers.

Here are five things you need to know this morning.

The Bank of Canada will share how it’s thinking about price pressures from the Iran war on Wednesday when it publishes a new monetary policy report and makes its next interest rate decision.