National Business

WASHINGTON (AP) — Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed's officials want to

CALGARY — The massive price discount on Canadian oil and gas assets compared with those south of the border was likely a major factor behind Ovintiv Inc.

Teamsters Canada says if Canada Post workers go on strike or are locked out, its members at Purolator won't handle any packages postmarked or identified as originating from the carrier.

Premier Doug Ford's government has signed a $100-million deal with Elon Musk's SpaceX to deliver high-speed internet to remote residents in rural and northern Ontario.

TORONTO — Canada's main stock index continued to rise Thursday, boosted by gains in energy stocks, while U.S. stock markets moved lower with the post-election rally appearing to be in the rearview mirror. The S&P/TSX composite index closed up 60.

JASPER, ALBERTA, CANADA — Business owners in the fire-ravaged Rocky Mountain resort town of Jasper are getting some financial help getting back on their feet.

AtkinsRéalis Group Inc. continued to tout its nuclear business as one of the keys to its growth strategy amid a record-high backlog last quarter. The engineering services firm says its services backlog stood at $16.84 billion as of Sept.

NEW YORK (AP) — U.S. stocks slipped as the market’s big burst following Donald Trump’s election continued to cool. The S&P 500 dipped 0.6% Thursday. The Dow Jones Industrial Average dropped 0.5%, and the Nasdaq composite sank 0.6%.

VANCOUVER — The federal government is providing more than $574 million in financing to help build about 950 rental homes in Vancouver.

WINNIPEG — The Manitoba government says it will now provide permanent funding for 12 new Winnipeg police officers as part of its public safety strategy.