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National Business
Ontario Teachers earned 1.9% net return for first half of 2023
TORONTO — The Ontario Teachers' Pension Plan Board says it earned a net return of 1.9 per cent for the first six months of the year. The pension fund's total net assets stood at $249.8 billion at June 30, up from $247.2 billion at Dec. 31, 2022.
Aug 15, 2023 10:19 AM
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Retail sales rose solidly last month in a sign that consumers are still spending freely
NEW YORK (AP) — Americans increased their purchases at retailers last month – for clothing, dining out, online goods and other areas – in a sign that solid consumer spending is still powering a resilient U.S. economy.
Aug 15, 2023 10:04 AM
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Here's a list of July inflation rates for selected Canadian cities
OTTAWA — Canada's annual inflation rate was 3.3 per cent in July, Statistics Canada says.
Aug 15, 2023 8:59 AM
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Here's a list July inflation rates for Canadian provinces
OTTAWA — Canada's national annual inflation rate was 3.3 per cent in July, Statistics Canada says. Here's what happened in the provinces (previous month in brackets): — Newfoundland and Labrador: 2.5 per cent (1.7) — Prince Edward Island: 2.
Aug 15, 2023 8:58 AM
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Shawcor sells substantial part of pipeline and pipe services business for $220M
TORONTO — Shawcor Ltd. has signed a deal to sell a substantial part of its pipe coating division to Tenaris S.A. for about $220 million.
Aug 15, 2023 8:28 AM
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Russia's central bank makes huge interest rate hike to try to prop up falling ruble
TALLINN, Estonia (AP) — Russia’s central bank made a big interest rate hike Tuesday, an emergency move designed to fight inflation and strengthen the ruble after the country's currency reached its lowest value since early in the war with Ukraine.
Aug 15, 2023 8:06 AM
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Home Depot tops expectations again, but signs of spending pullback by Americans
ATLANTA (AP) — Home Depot topped profit and sales expectations in its most recent quarter, but sales continued to decline as inflation and soaring interest rates play a larger role in the spending choices made by Americans.
Aug 15, 2023 7:08 AM
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Russia's ruble hits its lowest level since early in the war. The central bank plans to step in
LONDON (AP) — The Russian ruble on Monday reached its lowest value since the early weeks of the war in Ukraine as Moscow increases military spending and Western sanctions weigh on its energy exports .
Aug 14, 2023 10:11 PM
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Suncor earns $1.88 billion in Q2; takes restructuring charge related to layoffs
CALGARY — Suncor Energy Inc. says it earned $1.88 billion in the second quarter of 2023, down from approximately $4 billion in the same period last year when oil prices were higher.
Aug 14, 2023 7:17 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (20,290.54, up 117.03): Suncor Energy Inc. (TSX:SU). Energy. Down 26 cents, or 0.61 per cent, to $42.40 on 19.6 million shares.
Aug 14, 2023 4:46 PM
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