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Grocery inflation to fall below two per cent this spring, report predicts

Grocery inflation to fall below two per cent this spring, report predicts

Grocery inflation will fall below two per cent by the spring and stay roughly between one and two per cent for the rest of 2024, predicts a new report on the food and beverage industry.
B.C. building code to allow mass timber in buildings up to 18 storeys, up from 12

B.C. building code to allow mass timber in buildings up to 18 storeys, up from 12

VANCOUVER — The use of mass timber in British Columbia is moving up and expanding to schools, libraries and other construction.
Federal Reserve minutes: Some officials highlighted worsening inflation last month

Federal Reserve minutes: Some officials highlighted worsening inflation last month

WASHINGTON (AP) — Some Federal Reserve policymakers argued at their most recent meeting in March that inflation was likely worsening, even before the government reported Wednesday that price increases re-accelerated last month.
Delta Air Lines posts a narrow Q1 profit and says travel demand remains strong despite flight scares

Delta Air Lines posts a narrow Q1 profit and says travel demand remains strong despite flight scares

Delta Air Lines eked out a narrow first-quarter profit and said Wednesday that demand for travel is strong heading into the summer-vacation season, with travelers seemingly unfazed by recent incidents in the industry that ranged from a panel blowing
Rate expectations: What’s the neutral rate, and why did the Bank of Canada raise it?

Rate expectations: What’s the neutral rate, and why did the Bank of Canada raise it?

The Bank of Canada's interest rate decision on Wednesday didn’t bring cuts, but it did bring new insight into where the central bank thinks interest rates may be headed.
B.C. makes it easier to salvage timber damaged by wildfires

B.C. makes it easier to salvage timber damaged by wildfires

VICTORIA — The B.C. government says it's making it easier for forestry companies to salvage timber damaged by wildfires.
Roots CEO sees consumers getting back to discretionary spending in back half of year

Roots CEO sees consumers getting back to discretionary spending in back half of year

TORONTO — Roots Corp. executives say the back half of 2024 will likely see consumers edging back into purchasing discretionary goods they forewent as inflation and interest rates climbed.
Former Trump executive Allen Weisselberg sentenced to 5 months in jail for lying in civil fraud case

Former Trump executive Allen Weisselberg sentenced to 5 months in jail for lying in civil fraud case

NEW YORK (AP) — Allen Weisselberg, a retired executive in Donald Trump’s real estate empire, was sentenced on Wednesday to five months in jail for lying under oath during his testimony in the civil fraud lawsuit brought against the former president b
Text of the Bank of Canada's latest interest rate decision

Text of the Bank of Canada's latest interest rate decision

OTTAWA — The Bank of Canada kept its key interest rate target on hold at five per cent on Wednesday.
Canfor closing Jackson mill as part of restructuring in Alabama

Canfor closing Jackson mill as part of restructuring in Alabama

VANCOUVER — Canfor Corp. is closing its Jackson mill in southern Alabama at the end of June as part of a restructuring of its operations in the state.