National Business

HARRISON HOT SPRINGS, B.C. — A state of local emergency has been declared in the Village of Harrison Hot Springs, east of Vancouver, as two of three pumps at the community's water treatment plant have failed.

The number of Americans applying for jobless benefits inched up last week but remains low by historical standards, even with the Federal Reserve's aggressive interest rate hikes meant to cool the economy and taper lingering inflation.

LONDON (AP) — The Bank of England kept its main interest rate unchanged on Thursday at the 15-year high of 5.

TORONTO — Barrick Gold Corp. reported a third-quarter profit of US$368 million, up from US$241 million a year earlier, helped by higher gold prices. The Toronto-based gold miner, which keeps its books in U.S.

BLETCHLEY PARK, England (AP) — Delegates from 28 nations, including the U.S. and China, agreed Wednesday to work together to contain the potentially “catastrophic” risks posed by galloping advances in artificial intelligence.

OTTAWA — The federal government plans to level out the number of new permanent residents to Canada in 2026 in reaction to a crunch on housing and other services, the immigration minister announced Wednesday.

ST. JOHN'S, N.L. — The Newfoundland and Labrador government has asked the company vying to build one of the country's first large-scale green hydrogen plants to provide more information about the project's effects on the environment.

CALGARY — Fuel retailer Parkland Corp. says its third-quarter earnings more than doubled in 2023 thanks to favourable market conditions and the company's ongoing efforts to optimize its Burnaby refinery.

WASHINGTON (AP) — The Federal Reserve kept its key short-term interest rate unchanged Wednesday for a second straight time but left the door open to further rate hikes if inflation pressures should accelerate in the months ahead.

OTTAWA — Bank of Canada governor Tiff Macklem says the central bank held its key interest rate at five per cent in part because of the effect a wave of upcoming mortgage renewals is expected to have on the economy.