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Canada halts activity at Asian development bank, looks to review its membership

Canada halts activity at Asian development bank, looks to review its membership

OTTAWA — Finance Minister Chrystia Freeland announced Wednesday that Canada will halt all government-led activity at the Asian Infrastructure Investment Bank after a Canadian citizen tendered his resignation from the financial institution.
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Stock market today: Wall Street ends mixed as Fed keeps rates steady but signals more hikes may come

Stock market today: Wall Street ends mixed as Fed keeps rates steady but signals more hikes may come

NEW YORK (AP) — Stocks swung to a mixed close on Wall Street after the Federal Reserve hinted it may raise interest rates two more times this year. The S&P 500 ended less than 0.
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Oxford Properties Group acquires The Rimrock Resort Hotel in Banff

Oxford Properties Group acquires The Rimrock Resort Hotel in Banff

TORONTO — Oxford Properties Group says it's acquired the 330-room Rimrock Resort Hotel in Banff National Park. The real estate firm says hospitality group Accor has signed with Oxford to operate the hotel, effective immediately.
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Household debt level rises as interest rates bite into cash flow

Household debt level rises as interest rates bite into cash flow

OTTAWA — Canadians have less cash to spend even as they are taking on more debt, Statistics Canada reported Wednesday, at a time when interest rates are the highest they've been in decades.
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Inflationary pressures continue to ease, producer prices drop 0.3% from April to May

Inflationary pressures continue to ease, producer prices drop 0.3% from April to May

WASHINGTON (AP) — Wholesale prices in the United States dropped 0.3% from April to May, another sign that inflationary pressures continue to ease in the face of repeated interest rate hikes by the Federal Reserve.
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Aurora Cannabis on the hunt for savings again, says Bevo deal boosted Q3 revenue

Aurora Cannabis on the hunt for savings again, says Bevo deal boosted Q3 revenue

Aurora Cannabis Inc. is on the hunt for more savings after wrapping a transformation plan that delivered at least $400 million in savings over the last three years.
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Shell ditches lower oil production target but insists it's committed to cutting emissions

Shell ditches lower oil production target but insists it's committed to cutting emissions

LONDON (AP) — Shell has effectively abandoned a plan to cut oil production by 1-2% per year until the end of the decade, instead maintaining output at current levels in a move that risks angering climate activists.
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Google should break up digital ad business over competition concerns, European regulators say

Google should break up digital ad business over competition concerns, European regulators say

BRUSSELS (AP) — European Union regulators hit Google with fresh antitrust charges Wednesday, saying the only way to satisfy competition concerns about its lucrative digital ad business is by selling off parts of the tech giant's main moneymaker .
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Management group walks away from Canaccord Genuity buyout offer

Management group walks away from Canaccord Genuity buyout offer

TORONTO — Canaccord Genuity Group Inc. says a proposed management buyout of the firm will not go ahead after key conditions of the offer, including required regulatory approvals, were not received by the offer's expiry time.
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Putin threatens to seize more of Ukraine to block attacks on border regions

Putin threatens to seize more of Ukraine to block attacks on border regions

KYIV, Ukraine (AP) — Russian President Vladimir Putin suggested Tuesday that he could order his troops to try to seize more land in Ukraine to protect bordering Russian territory — a threat with questionable credibility because the Kremlin lacks full
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