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North American stock markets gyrate and climb in reaction to Fed rate hike

North American stock markets gyrate and climb in reaction to Fed rate hike

TORONTO — North American stock markets gyrated midweek after the U.S. Federal Reserve raised interest rates and pointed to six more hikes this year as inflation is expected to remain hot while economic growth is forecast to slow.
Canada, Ontario commit millions for Honda plant upgrades to manufacture hybrid cars

Canada, Ontario commit millions for Honda plant upgrades to manufacture hybrid cars

Canada's prime minister and Ontario's premier announced millions in funding support for domestic hybrid car production on Tuesday but both leaders dodged questions on the possibility of incentives to help Canadians buy them.
How expensive are food products getting in Canada? A breakdown of some popular items

How expensive are food products getting in Canada? A breakdown of some popular items

Canadians can’t seem to catch a break at the grocery store as food prices continue to soar. Statistics Canada reported Wednesday that food prices rose 7.4 per cent in February compared with a year ago.
Couche-Tard says consumers better positioned to absorb fuel prices than '08 recession

Couche-Tard says consumers better positioned to absorb fuel prices than '08 recession

Alimentation Couche-Tard Inc. says an improved economy and reopening from COVID-19 restrictions should allow consumers to absorb the pain of higher prices at the pump resulting from surging crude prices.
Lake Powell hits historic low, raising hydropower concerns

Lake Powell hits historic low, raising hydropower concerns

SALT LAKE CITY (AP) — A massive reservoir known as a boating mecca dipped below a critical threshold on Tuesday raising new concerns about a source of power that millions of people in the U.S. West rely on for electricity.
US retail spending slows as inflation starts to bite

US retail spending slows as inflation starts to bite

NEW YORK (AP) — After beginning the year in a buying mood, Americans slowed their spending in February on gadgets, home furnishings and other discretionary items as higher prices for food, gasoline, and shelter are taking a bigger bite out of their w
Here's a list of February inflation rates for selected Canadian cities

Here's a list of February inflation rates for selected Canadian cities

OTTAWA — Canada's national annual inflation rate was 5.7 per cent in February, Statistics Canada says.
Here's a list February inflation rates for Canadian provinces

Here's a list February inflation rates for Canadian provinces

OTTAWA — Canada's national annual inflation rate was 5.7 per cent in February, Statistics Canada says. Here's what happened in the provinces (previous month in brackets): — Newfoundland and Labrador: 5.1 per cent (4.0) — Prince Edward Island: 7.
Statistics Canada says wholesale sales rose 4.2 per cent in January

Statistics Canada says wholesale sales rose 4.2 per cent in January

OTTAWA — Statistics Canada says wholesale sales rose 4.2 per cent in January to $79.8 billion, helped by gains in sales of building material and supplies, personal and household goods, and machinery, equipment and supplies.
Starbucks CEO to retire; founder Schultz to be interim chief

Starbucks CEO to retire; founder Schultz to be interim chief

Starbucks President and CEO Kevin Johnson said Wednesday he will retire next month, and former CEO and company founder Howard Schultz will replace him on an interim basis.