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Annual US inflation falls to 3-year low, clearing the way for the Fed to begin cutting rates

Annual US inflation falls to 3-year low, clearing the way for the Fed to begin cutting rates

WASHINGTON (AP) — Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.
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Rogers says Corus's business model 'broken' after being accused of 'predatory' action

Rogers says Corus's business model 'broken' after being accused of 'predatory' action

Corus Entertainment Inc. has filed a complaint with Canada's broadcasting regulator alleging Rogers Communications Inc. is "engaging in predatory behaviour" to suppress potential competition and breaching its regulatory requirements.
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Eight hospitalized, three dozen displaced after Vancouver apartment fire

Eight hospitalized, three dozen displaced after Vancouver apartment fire

VANCOUVER — Officials with the City of Vancouver say eight people have been taken to hospital after a fire at an apartment building in the Kitsilano neighbourhood. A statement from the city says the fire began at about 2:30 a.m.
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Parkland Corp. faces lawsuit from top shareholder Simpson Oil

Parkland Corp. faces lawsuit from top shareholder Simpson Oil

CALGARY — Tensions between Parkland Corp. and Simpson Oil, its largest shareholder, continue to escalate, with the Cayman Islands-based Simpson announcing this week it has launched a lawsuit against the fuel retailer.
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Power utility Hydro One reports Q2 profit and revenue up from year ago

Power utility Hydro One reports Q2 profit and revenue up from year ago

TORONTO — Hydro One Ltd. reported its second-quarter profit rose compared with a year ago. The power utility says its net income attributable to common shareholders amounted to $292 million or 49 cents per diluted share for the quarter ended June 30.
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Metro reports lower profits while sales rise 3.5% amid continued discount shift

Metro reports lower profits while sales rise 3.5% amid continued discount shift

Metro Inc.'s chief executive says despite increasing competition in the discount grocery space, he thinks the retailer is well positioned to continue meeting demand for lower prices while also setting its conventional banners up for success.
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CPP Investments earned one per cent return for Q1, net assets rise to $646.8B

CPP Investments earned one per cent return for Q1, net assets rise to $646.8B

TORONTO — Canada Pension Plan Investment Board says it earned a net return of 1.0 per cent in its first quarter, helped by its investments in public equities and across private asset classes.
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District of West Vancouver, B.C., passes zoning changes, falls in line with province

District of West Vancouver, B.C., passes zoning changes, falls in line with province

WEST VANCOUVER, B.C. — Councillors in the District of West Vancouver, B.C.
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Chorus Aviation reports $180.6-million loss in second quarter

Chorus Aviation reports $180.6-million loss in second quarter

HALIFAX — Chorus Aviation Inc. says it lost $180.6 million in its second quarter, down from profits of $20.3 million during the same quarter last year.
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Cargojet reports $25-million loss in second quarter, revenues rise

Cargojet reports $25-million loss in second quarter, revenues rise

MISSISSAUGA, Ont. — Cargojet Inc. reported a $25-million loss in the second quarter, down from a profit of $31.1 million a year earlier. The Mississauga-based air freight and plane leasing company says its revenues totalled $230.
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