National Business

WASHINGTON (AP) — The Federal Reserve said Wednesday that greater progress has been made in reducing inflation to its 2% target, a sign that the central bank is moving closer toward cutting its key interest rate for the first time in four years.

OTTAWA — The Canadian economy continued to keep its head just above water in May, growing 0.2 per cent, led by expansions in manufacturing and the public sector.

DETROIT (AP) — U.S. auto safety regulators say they stand by a conclusion that more than 50 million air bag inflators are dangerous and should not be in use, taking another step toward a massive recall.

OTTAWA — A third of all agriculture jobs in Canada could be automated within the next decade, according to a new report.

TORONTO — Spin Master Corp.'s chief executive is optimistic the year will end on a high note for the toy market, despite shoppers sticking with their deal-hunting behaviours.

Canadians are continuing to be laid off as part of a wave of job cuts that began in 2023 as companies assessed their operations after the height of the COVID-19 pandemic passed.

GATINEAU, Que. — The Privacy Commissioner of Canada says it has launched an investigation into Ticketmaster Canada following a major data breach that involved the personal information of millions of people worldwide.

SASKATOON, Sask. — Cameco Corp. says its second quarter brought net earnings of $36 million, reflecting strength in its uranium business.

WASHINGTON (AP) — Pay and benefits for America’s workers grew more slowly in the April-June quarter than in the first three months of the year, a trend that could keep price pressures in check and encourage the inflation-fighters at the Federal Reser

MONTREAL — CGI Inc. recorded net earnings of $440.1 million in its third quarter. The Montreal-based technology and business consulting firm says the net earnings for the period ended June 30 compared with $414.9 million a year prior.