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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lumberThe United States accounted for 84 per cent of Interfor Corp.’s lumber sales in 2025. Photo by Postmedia

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

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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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help wanted sign The economy added 75,000 new jobs in July with gains in a wide range of industries. Photo by DAN JANISSE/Postmedia

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

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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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hiring sign July’s job gains were ‘much stronger’ than economists had expected. Photo by OLIVIER DOULIERY/AFP via Getty Images

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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. Photo by Getty Images/iStockphoto

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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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