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National Business
National Business
Retail sales rose 0.3% in May despite pressure from higher inflation and interest rates
NEW YORK (AP) — Americans increased their spending at retailers last month despite pressure from still-high inflation and rising borrowing costs. Thursday's report from the Commerce Department showed that retail sales rose 0.
Jun 15, 2023 7:20 AM
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Manufacturing sales up slightly in April on strength in auto parts sales
OTTAWA — Statistics Canada says manufacturing sales rose 0.3 per cent to $72.3 billion in April, helped by higher sales of auto parts and petroleum and coal products. The agency says sales of motor vehicle parts rose 25.1 per cent to a record $3.
Jun 15, 2023 6:11 AM
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Scathing report finds Boris Johnson deliberately misled UK Parliament over 'partygate'
LONDON (AP) — A committee of U.K.
Jun 15, 2023 6:06 AM
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Number of Americans filing for jobless claims is elevated for second straight week
The number of Americans applying for unemployment benefits remained elevated last week, a possible sign that the Federal Reserve's interest rate hikes over the past year may taking hold in what's proved to be a resilient job market. U.S.
Jun 15, 2023 5:47 AM
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CMHC reports annual rate of housing starts in Canada fell in May
OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in May dropped 23 per cent compared with April as starts of apartments, condos and other types of multi-unit housing projects in Vancouver, Toronto and Montreal fell.
Jun 15, 2023 5:45 AM
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Inflation, interest rates weighing on Canadians' retirement plans: survey
TORONTO — Canadians are struggling to save for retirement, with many planning to push back the next phase of their life amid inflation and higher interest rates, according to a new survey from the Healthcare of Ontario Pension Plan.
Jun 15, 2023 3:00 AM
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Faster approvals for major projects will be key to achieving climate goals: Report
CALGARY — Canada has no hope of reaching its 2050 climate goals unless it can find a way to speed up the approvals process for major projects in this country, a new report states.
Jun 15, 2023 3:00 AM
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Fed Chair Powell sees progress on inflation, though not quickly enough
WASHINGTON (AP) — Inflation may be cooling — just not yet fast enough for the Federal Reserve.
Jun 14, 2023 9:02 PM
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A look at how the Bell layoffs affect their journalism platform
TORONTO — BCE Inc. announced Wednesday that it is cutting 1,300 positions, around three per cent of its workforce, and closing or selling nine radio stations as the company plans to "significantly adapt" how it delivers the news.
Jun 14, 2023 2:54 PM
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Reitmans reports $3.8 million loss in first quarter, sales rise
MONTREAL — Reitmans (Canada) Ltd. reported a net loss of $3.8 million in its first quarter, compared with a net loss of $1.7 million a year earlier. The Montreal-based retailer says sales for the quarter ended April 29 were $165.0 million, up 7.
Jun 14, 2023 2:37 PM
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