National Business

WASHINGTON — Federal Reserve Chairman Jerome Powell sought to calm fears Friday over the viral outbreak by issuing a rare statement of reassurance that the Fed will “use our tools" to support the economy — a strong signal of a coming interest rate cu

Canadians are frustrated by the high prices they pay for wireless internet and the problem will only get worse unless the industry's regulator makes a dramatic move to increase competition, a consumer advocacy group said Friday.

TORONTO — Franchisee unrest has hit Tim Hortons again, this time from its U.S. members, who are accusing the company of engaging in an "illegal and fraudulent business scheme.

TORONTO — Organizations across the country are cancelling conferences, fretting about whether to forge ahead with events and considering more health-conscious policies as concerns grow over the recent outbreak of a novel form of coronavirus.

TORONTO — TMX Group says trading activity is operating normally on its exchanges after a malfunction Thursday forced it to close trading early amid a major market selloff.

TORONTO — Private equity firm Onex Corp. says it had net earnings of US$187 million in the fourth quarter compared with net earnings of US$88 million a year earlier when it reported under a different reporting standard.

A tsunami of social media hype and celebratory trend pieces have already made White Claw a sensation in the United States.

OTTAWA — Economic growth in Canada slowed over the last three months of 2019 for its worst quarter in three years, limping into 2020 and facing headwinds from trade uncertainty and the novel coronavirus outbreak.

MONTREAL — Laurentian Bank Financial Group missed expectations as it reported its first-quarter profit fell to $32.2 million compared with $40.3 million in the same quarter a year earlier.

Global stock markets plunged further Friday on spreading fears over the impact of the new coronavirus, with some indexes set to close out their worst week since the depths of the financial crisis in 2008.