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National Business
National Business
Calgary home sales declined in May for second month, but city still a sellers' market
CALGARY — The Calgary Real Estate Board says sales activity in the western city trended down for the second month in a row in May.
Jun 1, 2022 6:00 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,713.72, down 15.62 points.) Suncor Energy Inc. (TSX:SU). Energy. Up 90 cents, or 1.8 per cent, to $51.79 on 26 million shares.
Jun 1, 2022 5:17 PM
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North American stock markets fall to start June on fears of rising interest rates
TORONTO — North American stock markets closed lower to start June amid rising interest rates and fears of persistently hot inflation.
Jun 1, 2022 5:08 PM
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New Brunswick is latest Atlantic province to roll out inflation relief
FREDERICTON — New Brunswick became the latest Atlantic province to roll out an aid program targeting the rising cost of living with a $20-million package announced Wednesday.
Jun 1, 2022 5:02 PM
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Regulator rules Flair Airlines is Canadian; upstart carrier can keep its licence
Flair Airlines celebrated a major win Wednesday as a federal regulator ruled the upstart carrier is Canadian.
Jun 1, 2022 4:49 PM
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Sheryl Sandberg, longtime No. 2 exec at Facebook, steps down
SAN FRANCISCO (AP) — Sheryl Sandberg, the No. 2 executive at Facebook owner Meta, is stepping down, according to a post Wednesday on her Facebook page. Sandberg has served as chief operating officer at the social media giant for 14 years.
Jun 1, 2022 4:19 PM
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BoC pledges to get tough on high inflation, raises key rate by half point once more
OTTAWA — In an unprecedented move, the Bank of Canada has announced a major increase to its key interest rate for the second time in two months, saying it is "prepared to act more forcefully" as it forecasts higher consumer prices to come this year.
Jun 1, 2022 4:11 PM
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Stocks slide as strong economic data raises rate worries
NEW YORK (AP) — A swift jump in Treasury yields rattled Wall Street Wednesday, weighing down stock indexes at the start of another month in what’s been a turbulent year. The S&P 500 fell 0.7% after an early morning gain quickly vanished.
Jun 1, 2022 4:07 PM
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Stagflation-lite? Risk of stagflation grows, though unlikely a repeat of 1970s
Canada is leaning toward a new era of 1970s-style stagflation as the pace of economic growth slows yet inflation remains stubbornly high, economists say. The abnormal mix of rising prices and high joblessness gripped the country 40-odd years ago.
Jun 1, 2022 4:05 PM
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BlackBerry exploring other options for sale of legacy patents
WATERLOO, ONTARIO — BlackBerry Ltd. says it is exploring alternatives around the sale of its legacy patents as a deal with U.S.-based Catapult IP Innovations Inc. has taken longer than expected to complete.
Jun 1, 2022 2:49 PM
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