National Business

TORONTO — Scotiabank says it has completed the first step in its investment in KeyCorp with the acquisition of a 4.9 per cent stake in the U.S. bank. The Canadian bank says it paid US$17.17 per share or about US$800 million for the stake.

The Teamsters union that represents workers at both of Canada's largest freight railroads has filed the lawsuits it promised challenging the orders that forced employees back to work and got the trains moving again, the union announced Friday.

WASHINGTON (AP) — An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month for the first time i

EDMONTON — CWB Financial Group reported its third-quarter profit fell compared with a year ago as it saw the amount it set aside for bad loans climb higher.

MONTREAL — Laurentian Bank of Canada says it earned $34.1 million in its third quarter, down from $49.3 million in the same quarter last year.

MONTREAL — Workers’ rights are once again under the microscope after last week’s massive railway work stoppage was abruptly halted when the federal government intervened less than 17 hours after the shutdown began.

WASHINGTON (AP) — An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month for the first time i

FRANKFURT, Germany (AP) — Inflation in the 20 European Union countries that use the euro fell sharply to 2.2% in August, opening the door for the European Central Bank to cut interest rates as the ECB and the U.S.

FRANKFURT, Germany (AP) — Inflation in the 20 European Union countries that use the euro fell sharply to 2.2% in August, opening the door for the European Central Bank to cut interest rates as the ECB and the U.S.

TORONTO — When August rolled around, April Hicke realized the $100 she typically gives her 13-year-old son to update his wardrobe in time for school to start was no longer enough.