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Business

Wall Street headed for a solid open ahead of speech by Ben Bernanke

TORONTO - All attention will be focused on U.S. Federal Reserve chairman Ben Bernanke for any indication on whether the central bank plans to change its policy of aggressive monetary stimulus for the world's largest economy.

Paying bills and consumer consumption hurting Canadians' ability to save: study

MONTREAL - Almost a third of Canadian households report never or almost never having any money left to save after paying their bills, according to a new study issued Wednesday.

Homebuying intentions remain relatively strong, says bank survey

TORONTO - A new report suggests nearly half of Canadian homeowners intend to buy a property in the next five years, despite a cooling off in the housing market.

Lowe's 1st-quarter profit climbs even as a cold spring dampens sales a bit

MOORESVILLE, N.C. - Lowe's first-quarter net income rose almost 3 per cent, even as a wet and cool spring dampened sales of gardening products.

Japan's central bank keeps policy unchanged, says economy 'picking up,' as trade deficit grows

TOKYO - Japan's central bank says the world's third-biggest economy is "picking up" as demand recovers in other countries and remains resilient at home, though the trade deficit widened in April, for the tenth straight month.

Harper test-drives new "extractive industries" approach to aid in Peru

LIMA, Peru - Prime Minister Stephen Harper meets with mining executives and the Peruvian president this morning as he puts the new "extractive industries" focus of his aid and foreign policy into practice.

Microsoft reveals Xbox One as all-in-1 entertainment console, last of 3 major systems unveiled

REDMOND, Wash. - Microsoft thinks it has the one.

Biden says Jewish leaders in Hollywood, social media drove changing attitudes on gay marriage

WASHINGTON - Vice-President Joe Biden is praising Jewish leaders for helping change American attitudes about gay marriage and other issues.

Federal Court dismisses union challenge against B.C. foreign workers

VANCOUVER - Two unions may have lost a Federal Court battle disputing a mining company's plan to bring in 201 temporary foreign workers from China, but they're celebrating the spotlight they've shone on the problems associated with the employment program.

Federal Court dismisses union challenge against B.C. foreign workers

VANCOUVER - Two unions may have lost a Federal Court battle disputing a mining company's plan to bring in 201 temporary foreign workers from China, but they're celebrating the spotlight they've shone on the problems associated with the employment program.

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