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News of the day: Interfor's move to U.S., job gains, AMD buying Taalas, interest rate expectations, short-term investing and more

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The United States accounted for 84 per cent of Interfor Corp.'s lumber sales in 2025. (Credit: Postmedia)

It's Friday, August 7. Here are the top stories we're following today.

Lumber giant Interfor confirms plans to move corporate support to the U.S.

Canadian lumber company Interfor Corp. confirmed plans Friday to move corporate support functions to the United States from its Burnaby, B.C. headquarters.

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The economy added 75,000 new jobs in July with gains in a wide range of industries.
The economy added 75,000 new jobs in July with gains in a wide range of industries.

Canada's economy gains 75,000 new jobs, driving down unemployment rate

The Canadian economy added 75,000 new jobs in July pushing the unemployment rate down to 6.4 per cent, the lowest level in two years and the third consecutive monthly decrease.

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Toronto is failing to hold on to high-potential Canadian semiconductor startups, say industry insiders.
Toronto is failing to hold on to high-potential Canadian semiconductor startups, say industry insiders.

AMD's acquisition of Toronto chip startup Taalas shows Canada needs to do more to keep companies at home

Silicon Valley chip giant Advanced Micro Devices Inc. announced on Thursday that it will buy Toronto-founded Taalas Inc. for an undisclosed price, making Taalas the latest high-potential Canadian semiconductor startup to be acquired by an American company or leave for the United States.

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July's job gains were 'much stronger' than economists had expected.
July’s job gains were ‘much stronger’ than economists had expected.

Blockbuster jobs growth unlikely to push Bank of Canada off sidelines

Here's what economists had to say about the latest jobs numbers and what they could mean for the Bank of Canada's future interest rate decisions.

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Safety and access matter more than chasing yield for short-term investing.
Safety and access matter more than chasing yield for short-term investing.

How should Katie invest $30,000 she will need in six months?

Good planning is less about chasing the highest return and more about making sure the money is in the right place, for the right purpose, at the right time.

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