National Business

TORONTO — Canada's banks are gearing up to release their latest quarterly results amid a volatile backdrop.

WASHINGTON (AP) — The U.S. will close the last avenue for Russia to pay its billions in debt back to international investors on Wednesday, making a Russian default on its debts for the first time since the Bolshevik Revolution all but inevitable.

TORONTO — Canadian homebuyers are increasingly considering credit unions and private lenders to secure mortgages as rates rise, brokers say.

Ashley MacPherson, a 33-year-old pharmacist based in Vernon Bridge, P.E.I., owed $128,000 between provincial and federal student loans, as well as a student line of credit, after graduating in 2015.

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom threatened Monday to impose mandatory water restrictions if residents don't use less on their own as a drought drags on and the hotter summer months approach.

DAVOS, Switzerland (AP) — A veteran Russian diplomat to the U.N.

Seasonal industries are struggling to ramp up ahead of the busy summer rush as Canada's rock-bottom unemployment rate and swelling job vacancies create an acute hiring crunch.

NEW YORK (AP) — Wall Street pointed toward gains before markets opened Monday after dipping close to the edge of a bear market to close the week Friday. Futures for the Dow Jones Industrials rose 1% and the S&P 500 climbed 1.

DAVOS, Switzerland (AP) — Ukrainian President Volodymyr Zelenskyy called for “maximum” sanctions against Russia during a virtual speech Monday to corporate executives, government officials and other elites on the first day of the World Economic Econo

TOKYO (AP) — President Joe Biden launched a new trade deal with 12 Indo-Pacific nations Monday aimed at strengthening their economies as he warned Americans worried about high inflation that it is "going to be a haul” before they feel relief.