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National Business
National Business
US home sales slipped, prices grew more slowly in August
Sales of previously occupied U.S. homes slowed in August for the seventh month in a row, as sharply higher mortgage rates and rising prices made homebuying less affordable, further cooling the once red-hot housing market.
Sep 21, 2022 11:29 AM
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Teck Resources cutting steelmaking coal sales guidance after equipment failure
VANCOUVER — Teck Resources Ltd. is cutting its steelmaking coal sales guidance after an equipment failure at its Elkview operation in B.C. and a strike at Westshore Terminals.
Sep 21, 2022 9:07 AM
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Germany nationalizes country's biggest gas importer Uniper
BERLIN (AP) — The German government said Wednesday that it has agreed to nationalize the country's biggest gas importing company, Uniper, expanding state intervention in the industry to prevent an energy shortage resulting from Russia's war in Ukrain
Sep 21, 2022 3:41 AM
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B.C. strike and cyberattack impacting OCS could cause $3M revenue hit for Aurora: CEO
Aurora Cannabis Inc. says it could take a revenue hit of up to $3 million because of a cyberattack that downed Ontario's pot distributor and a strike that halted deliveries to B.C. marijuana stores.
Sep 20, 2022 6:21 PM
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Fossil fuel sector needs investment to reduce emissions: RBC exec
CALGARY — Even as a growing number of activists urge financial institutions to take action against climate change by reducing funding to the fossil fuel sector, executives with Canada’s largest bank say this country won’t reach its net-zero goals wit
Sep 20, 2022 6:03 PM
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Most actively traded companies on the Toronto Stock Exchange
Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,368.69, down 193.69 points) Barrick Gold Corp. (TSX:ABX). Materials. Down 43 cents, or 2.09 per cent, to $20.12 on 11.3 million shares.
Sep 20, 2022 5:40 PM
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Economic stimulus should have stopped earlier to tame inflation, Bank of Canada says
OTTAWA — Bank of Canada deputy governor Paul Beaudry said in hindsight, governments and central banks should have withdrawn stimulus measures earlier as economies recovered from the COVID-19 pandemic, which likely would have kept a lid on inflation.
Sep 20, 2022 5:33 PM
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S&P/TSX composite ends down almost 200 points, U.S. stock markets also slip
TORONTO — Canada's main stock index closed down almost one per cent in broad-based declines Tuesday, similar to losses in U.S. stock markets a day ahead of the U.S. Federal Reserve's latest rate decision.
Sep 20, 2022 5:30 PM
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Spotify launches audiobook store with some 300,000 titles
NEW YORK (AP) — The expanding audio books market has a major new retailer: Spotify.
Sep 20, 2022 5:21 PM
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Inflation is cooling, but the Bank of Canada isn't done its fight: economists
OTTAWA — Inflation in Canada is cooling faster than expected, but economists don't expect the Bank of Canada to back down from its fight just yet. The annual inflation rate slowed to 7.
Sep 20, 2022 4:54 PM
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