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FAA says future planes will need to reduce carbon emissions

FAA says future planes will need to reduce carbon emissions

WASHINGTON (AP) — The Biden administration proposed Wednesday that future planes produce lower levels of greenhouse gas emissions before they can be certified by federal regulators.
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Glass Lewis says majority of Shopify shareholders opposed 'founder share' plan

Glass Lewis says majority of Shopify shareholders opposed 'founder share' plan

OTTAWA — Investor advisory firm Glass Lewis & Co. says Shopify Inc.’s plan to augment founder Tobi Lütke's power in the e-commerce company only passed because of the support from an early company investor and director.
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Fed attacks inflation with its largest rate hike since 1994

Fed attacks inflation with its largest rate hike since 1994

WASHINGTON (AP) — The Federal Reserve intensified its fight against high inflation on Wednesday, raising its key interest rate by three-quarters of a point — the largest bump since 1994 — and signaling more rate hikes ahead as it tries to cool off th
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,611.56, up 63.05 points.) Canadian Natural Resources (TSX:CNQ). Energy. Down $1.30, or 1.7 per cent, to $77.18 on 13.
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North American stock markets climb after Fed adopts largest rate hike since 1994

North American stock markets climb after Fed adopts largest rate hike since 1994

TORONTO — North American stock markets broke multi-day losing streaks after the U.S. Federal Reserve adopted the largest interest rate increase since 1994 and vowed to remain aggressive in tackling soaring inflation.
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Bank of Canada likely to mirror 0.75% Fed hike next month: economists

Bank of Canada likely to mirror 0.75% Fed hike next month: economists

The Federal Reserve raising its key interest rate by three-quarters of a percentage point — its largest hike since 1994 — increases the odds of the Bank of Canada following suit next month, economists say. The U.S.
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Retail sales in May slip 0.3% amid surging inflation

Retail sales in May slip 0.3% amid surging inflation

NEW YORK (AP) — Americans trimmed their spending unexpectedly in May compared with a month before, underscoring how surging inflation on daily necessities like gas is causing them to be more cautious about buying discretionary items. U.S.
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As dairy commission examines milk prices behind closed doors, transparency questioned

As dairy commission examines milk prices behind closed doors, transparency questioned

Dairy industry observers are raising concerns about a lack of transparency in how the price of milk is set in Canada as a Crown corporation considers a rare request to raise prices for the second time this year.
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May home sales down 22% since last year, 9% from April: CREA

May home sales down 22% since last year, 9% from April: CREA

Canada's housing market continued to cool last month with the country's real estate association finding home sales dropped by nearly 22 per cent since last year and almost nine per cent between April and May.
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Biden says US will send $1 billion more in aid to Ukraine

Biden says US will send $1 billion more in aid to Ukraine

WASHINGTON (AP) — President Joe Biden said Wednesday the U.S.
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