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Weekly US applications for unemployment aid remain relatively elevated

Weekly US applications for unemployment aid remain relatively elevated

The number of Americans applying for unemployment benefits remained relatively elevated last week, potentially another signal that Federal Reserve rate hikes are beginning to cool a surprisingly resilient labor market. U.S.
Turkey's central bank sharply raises interest rates. That could signal an economic turnaround

Turkey's central bank sharply raises interest rates. That could signal an economic turnaround

ANKARA, Turkey (AP) — Turkey's central bank delivered a large interest rate hike Thursday, signaling a shift toward more conventional economic policies to counter sky-high inflation following criticism that President Recep Tayyip Erdogan’s approach h
US approves chicken made from cultivated cells, the nation's first 'lab-grown' meat

US approves chicken made from cultivated cells, the nation's first 'lab-grown' meat

For the first time, U.S. regulators on Wednesday approved the sale of chicken made from animal cells, allowing two California companies to offer “lab-grown” meat to the nation's restaurant tables and eventually, supermarket shelves.
Algoma Steel Group down $20.4 million in Q4 amid lower steel prices, higher costs

Algoma Steel Group down $20.4 million in Q4 amid lower steel prices, higher costs

SAULT STE. MARIE, Ont. — Algoma Steel Group Inc. says its net loss for the fourth quarter was $20.4 million, compared with earnings of $242.9 million a year earlier. Net loss per diluted share was 19 cents, down from earnings of $1.
Canada Bread fined $50M for bread price fixing, Competition Bureau turns to grocers

Canada Bread fined $50M for bread price fixing, Competition Bureau turns to grocers

Bakery giant Canada Bread Co. has been fined $50 million after pleading guilty to its role in a criminal price-fixing scheme that inflated the price of bread in Canada for years.
Unifor announces union drive for Amazon workers in Metro Vancouver

Unifor announces union drive for Amazon workers in Metro Vancouver

NEW WESTMINSTER, B.C. — Unifor says it's planning a union drive for Amazon workers in Metro Vancouver.
Three years too long a wait for Line 5 reroute, Indigenous band in Wisconsin says

Three years too long a wait for Line 5 reroute, Indigenous band in Wisconsin says

WASHINGTON — Three years is more than enough time for Line 5 to suffer a catastrophic rupture and far too long to make an Indigenous band in Wisconsin wait for the controversial cross-border pipeline to be rerouted, the band's lawyers say.
Most actively traded companies on the Toronto Stock Exchange

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 (19,705.95, down 48.19): Suncor Energy Inc. (TSX:SU). Energy. Up 49 cents, or 1.27 per cent, to $39.00 on 12.7 million shares.
WestJet CEO pledges fares will not rise due to airline mergers

WestJet CEO pledges fares will not rise due to airline mergers

WestJet CEO Alexis von Hoensbroech says bringing Swoop and Sunwing Airlines under its banner won't lead to higher airfares, since integrating the discount carriers will also tamp down costs.
S&P/TSX composite posts loss Wednesday despite energy gains, U.S. markets also lower

S&P/TSX composite posts loss Wednesday despite energy gains, U.S. markets also lower

TORONTO — Losses in technology and battery metals helped lead Canada's main stock index lower despite gains in energy Wednesday, while U.S. markets were also down.