Business - Page 24

Bank of Canada holds key rate at 2.75% but opens door to future cuts

Business
OTTAWA — Signs of resilience in the Canadian economy were enough for the Bank of Canada to leave its benchmark interest rate unchanged Wednesday,...

Glass bottle manufacturer to close Portland production facility, lay off 90 workers

Business
Owens-Brockway plans to continue to operate a warehouse in Portland, but is shutting down the production facility. PORTLAND, Ore. — An Ohio-based...

S&P/TSX composite index slips while U.S. markets mixed

Business
TORONTO — Canada's main stock index was trending lower in late-morning trading Wednesday while U.S. markets were mixed. The S&P/TSX composite index was down...

Boeing’s 2Q loss narrows and revenue rises, topping Wall Street’s expectations

Business
Boeing's Q2 loss narrowed as revenue soared to $22.75B with 150 aircraft deliveries. Boeing's second-quarter loss narrowed and revenue improved as the aircraft...

Alaska Airlines pauses flights to Hawaii amid tsunami warning

Business
Alaska Airlines is pausing flights heading to all Hawaiian islands, the company announced Tuesday night. SEATTLE — Alaska Airlines is pausing all...

Portland’s Foster-Powell neighborhood prepares for new affordable housing

Business
Reach Community Development says the 64 affordable housing units will include 22 apartments with wraparound social services for those experiencing homelessness. PORTLAND, Ore....

Ship breaking critic wins $165K after company’s legal delays

Business
A leading critic of a company that dismantles and recycles ships on a stretch of Vancouver Island shoreline has been awarded more than $165,000 by the...

RingSide in Portland announces reopening, 3 months after kitchen fire

Business
The 81-year-old dining institution will reopen Aug. 4 after a kitchen fire shut it down in April. PORTLAND, Ore. — This story comes...

B.C. small businesses tap into TikTok to grow big

Business
When Tyler Hepple posted a short video on TikTok three years ago showing how potatoes are farmed, he didn’t expect it to go viral....

Major retailer that went bankrupt in 2023 is coming back with physical stores and a new name

Business
The once-iconic Bed Bath & Beyond chain went bankrupt in 2023, closing hundreds of stores and transitioning to an online-only retailer. WASHINGTON —...

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