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National Business
National Business
'Moe money' could add to inflation woes, but depends on how it's spent: economists
REGINA — "Moe money" could add to inflation woes in Saskatchewan, but it comes down to how people spend it, some economists say.
Aug 27, 2022 10:00 AM
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Dow drops 1,000 after Fed's Powell says rates will stay high
NEW YORK (AP) — The Dow Jones Industrial Average sank more than 1,000 points Friday after the head of the Federal Reserve dashed Wall Street’s hopes that it may soon ease up on high interest rates in its effort to tame inflation.
Aug 26, 2022 5:41 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (19,873.29, down 299.05 points.) Barrick Gold Corp. (TSX:ABX). Materials. Down 98 cents, or 4.6 per cent, to $20.17 on 12 million shares.
Aug 26, 2022 5:26 PM
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Canadian and U.S. stock markets down sharply after Powell speech
North American stock markets were down sharply Friday as investors reacted negatively to a speech by Federal Reserve chair Jerome Powell in which he said he expects to keep interest rates high in his fight against inflation.
Aug 26, 2022 5:01 PM
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Powell: Fed's inflation fight could bring 'pain,' job losses
JACKSON HOLE, Wyoming (AP) — Federal Reserve Chair Jerome Powell delivered a stark warning Friday about the Fed’s determination to fight inflation with more sharp interest rate hikes: It will likely cause pain for Americans in the form of a weaker ec
Aug 26, 2022 4:16 PM
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B.C. cannabis stores close, lay off staff as job action prevents pot deliveries
Some of British Columbia's cannabis stores say they're shutting their doors and laying off staff after a labour dispute in the public sector has stopped the province's pot distribution centre from shipping product since early last week.
Aug 26, 2022 4:08 PM
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CWB Financial Group reports Q3 profit down from year ago on downturn prep
EDMONTON — CWB Financial Group said Friday that earnings were hit in the last quarter as it set aside more funds for bad loans and saw its interest margin dip, but that it also saw loan growth as it continues its expansion into Ontario.
Aug 26, 2022 2:20 PM
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In wake of LaFlamme's exit, brands should be wary when jumping on hot topics: experts
TORONTO — Marketing experts say brands that have advertised themselves with a nod to CTV National News host Lisa LaFlamme's recent dismissal should beware of blowback.
Aug 26, 2022 1:59 PM
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Inflation eases as consumer prices rise 6.3% in July
WASHINGTON (AP) — Inflation eased last month as energy prices tumbled, raising hopes that the surging costs of everything from gasoline to food may have peaked.
Aug 26, 2022 11:08 AM
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Ottawa posts $10.2-billion surplus in first quarter of fiscal year
OTTAWA — The federal government posted a surplus of $10.2 billion in the first quarter of the fiscal year. According to the Finance Department's monthly fiscal monitor report, the surplus posted for April to June compared with a deficit of $36.
Aug 26, 2022 11:01 AM
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