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National Business
National Business
US economic growth accelerated to strong 4.9% rate last quarter as consumers shrugged off Fed hikes
WASHINGTON (AP) — The nation’s economy expanded at a robust 4.9% annual rate from July through September as Americans defied higher prices, rising interest rates and widespread forecasts of a recession to spend at a brisk pace.
Oct 26, 2023 11:15 AM
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Doug Ford, François Legault call for swift end to St. Lawrence Seaway strike
The premiers of Ontario and Quebec are calling on both sides in the St. Lawrence Seaway strike to reach a deal right away, saying the shutdown of the vital trade artery risks significant harm to the region's economy.
Oct 26, 2023 10:25 AM
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'A sculpture garden': acclaimed artist to design Calgary museum terrace
CALGARY — A globally recognized artist is to design the rooftop terrace for the Glenbow Museum in Calgary. The 13,000-square-foot terrace will be housed at the JR Shaw Centre for Arts and Culture.
Oct 26, 2023 10:25 AM
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Home sales, prices will likely fall in short term but pick up next spring: TD report
TORONTO — A new report by TD Economics predicts Canadian home sales and average prices will fall over the coming months but pick up by the second quarter next year.
Oct 26, 2023 8:30 AM
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Europe's central bank halts rate hikes as war in the Middle East casts a shadow over the economy
FRANKFURT, Germany (AP) — The European Central Bank left interest rates unchanged Thursday for the first time in over a year as the Israel-Hamas war spreads even more gloom over already downbeat prospects for Europe’s economy.
Oct 26, 2023 7:51 AM
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Financial advice from AI may be educational but not holistic, experts say
TORONTO — As an experiment, Kelley Keehn asked ChatGPT to suggest a financial plan for a small Canadian family.
Oct 26, 2023 7:00 AM
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Competition Bureau and Global Fuels agree to address Greenergy deal concerns
OTTAWA — The Competition Bureau says it has reached a deal with Global Fuels Inc. to address concerns over the company's deal to buy Greenergy's Canadian retail fuel business.
Oct 26, 2023 6:25 AM
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Weekly applications for US jobless benefits tick up slightly
NEW YORK (AP) — The number of Americans applying for jobless benefits rose last week but remains historically low as the labor market continues to show strength amid high interest rates and inflation.
Oct 26, 2023 5:53 AM
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CPKC foresees tougher year due to 'economic headwinds,' port workers strike
Canadian Pacific Kansas City Ltd. has lowered its financial forecast for the year, citing the cost of weaker consumer demand and the B.C. port workers strike.
Oct 25, 2023 5:07 PM
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West Fraser Timber third-quarter earnings, sales lower compared with last year
VANCOUVER — West Fraser Timber Co. Ltd. says it earned US$159 million in the third quarter, compared with US$216 million a year earlier. The Vancouver-based company says sales were US$1.7 billion, down from US$2.
Oct 25, 2023 3:40 PM
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