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Economy

Treasurer Jim Chalmers calls for bipartisan support to create separate RBA interest rates board

by Anas Siddiqui
Treasurer Jim Chalmers calls for bipartisan support to create separate RBA interest rates board

The federal government is one step closer to implementing significant reforms to the Reserve Bank that would create two boards responsible for separately managing interest rate decisions and governance. Treasurer …

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Canada’s freight train shutdown to end as government orders arbitration of labor dispute

by Walter Watson
Canada’s freight train shutdown to end as government orders arbitration of labor dispute

Freight trains in Canada were expected to roll again soon after the government forced a contract dispute into arbitration Thursday, averting potentially dire economic consequences for businesses and consumers across the …

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China slams brakes on coal power plants as clean energy gains momentum for net-zero target

by Anas Siddiqui
China slams brakes on coal power plants as clean energy gains momentum for net-zero target

China put a brake on approvals for coal-fired power plants in the first half of this year as the development of renewable energy gained momentum, according to a new report. …

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ASX200 notches 10th consecutive gain on mining rebound

by Anas Siddiqui
ASX200 notches 10th consecutive gain on mining rebound

The local sharemarket advanced for a 10th consecutive session on Thursday, marking the longest uninterrupted winning streak in stocks since 2015. The benchmark ASX200 lifted 16.5 points, or 0.21 per …

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Opinion | Kamala Harris’ economic plan is bad – Trump would be worse

by Walter Watson
Opinion | Kamala Harris’ economic plan is bad – Trump would be worse

The fact remains that Harris is the second-in-command of an administration presiding over a country that more than 60 per cent of voters believe is on the wrong track, according …

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5 things to know before the stock market opens Thursday

by Vera Ward
5 things to know before the stock market opens Thursday

Here are the most important news items that investors need to start their trading day: 1. Rate rally After a selloff prompted by fears about the economy earlier this month, …

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Canadian rail services shut down as CN, CPKC workers locked out

by Vera Ward
Canadian rail services shut down as CN, CPKC workers locked out

Freight trains across Canada have come to a grinding halt and some commuter traffic is also suspended as thousands of workers at the country’s two main railway companies have been …

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Golden to extend $100K to retail shops hurt by flavored tobacco ban

by Akin Smith
Golden to extend 0K to retail shops hurt by flavored tobacco ban

Golden dropped the hammer on more than two dozen retail outlets last year when it banned the sales of all flavored tobacco and nicotine products in the city, costing the …

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Billions in federal contracts awarded to ‘Indigenous’ enterprises without verification

by Vera Ward
Billions in federal contracts awarded to ‘Indigenous’ enterprises without verification

The Canadian government awarded billions of dollars in contracts earmarked for Indigenous enterprises without always requiring bidders to prove that they were First Nations, Métis, or Inuit, a Global News …

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How Global News’ investigation into Indigenous contracting unfolded

by Vera Ward
How Global News’ investigation into Indigenous contracting unfolded

Global News’ collaborative investigation into billions of dollars in federal contracts awarded to Indigenous-owned enterprises began in late 2022, when a journalist noticed that some suppliers of personal protective equipment …

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