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National Business

What slowdown? Economy continues to outperform, raising odds of rate hike next week

What slowdown? Economy continues to outperform, raising odds of rate hike next week

OTTAWA — The Canadian economy grew faster than expected in the first three months of the year and likely expanded again in April, fuelling speculation that the Bank of Canada will raise interest rates again when it meets next week.
'Poison in every puff': Canada reveals warning labels on individual cigarettes

'Poison in every puff': Canada reveals warning labels on individual cigarettes

Health Canada's new regulations that require warning labels to be printed on individual cigarettes are set to come into effect this summer.
Total Canadian debt hit new record in first quarter: TransUnion

Total Canadian debt hit new record in first quarter: TransUnion

TORONTO — Canadians' combined outstanding debt hit a new record in the first quarter, reaching $2.32 trillion, TransUnion said Wednesday.
Canada saw decline in fresh fruit, vegetable availability in 2022: StatCan

Canada saw decline in fresh fruit, vegetable availability in 2022: StatCan

Statistics Canada says fewer fresh fruits and vegetables were available to Canadians in 2022, due to factors such as ongoing supply chain issues, labour shortages and price increases.
Superior Plus to sell eight distribution hubs in agreement with Competition Bureau

Superior Plus to sell eight distribution hubs in agreement with Competition Bureau

CALGARY — Superior Plus Corp. has agreed to sell eight propane distribution hubs in northern Ontario to address the concerns of the Competition Bureau about its deal to buy Certarus Ltd.
Selwyn Crittendon named new chief executive at Ikea Canada

Selwyn Crittendon named new chief executive at Ikea Canada

TORONTO — Furniture retailer Ikea has announced the appointment of Selwyn Crittendon as the new Ikea Canada chief executive and chief sustainability officer effective Aug. 1.
US job openings hit 10.1 million and labor market still strong despite Fed efforts to cool economy

US job openings hit 10.1 million and labor market still strong despite Fed efforts to cool economy

WASHINGTON (AP) — U.S. job openings rose unexpectedly in April, illustrating the resilience of the American labor market and complicating Federal Reserve efforts to fight inflation. Employers posted 10.1 million job openings last month, up from 9.
Vatican questions $17 million transfers to impact investing fund, moves to prevent similar

Vatican questions $17 million transfers to impact investing fund, moves to prevent similar

VATICAN CITY (AP) — The Vatican is seeking clarity after the former director of its U.S.
New Zealand airline is asking passengers to weigh in before their flights

New Zealand airline is asking passengers to weigh in before their flights

WELLINGTON, New Zealand (AP) — New Zealand's national airline is asking passengers to step on the scales before they board international flights.
Great-West Lifeco sells Putnam Investments to Franklin Templeton

Great-West Lifeco sells Putnam Investments to Franklin Templeton

WINNIPEG — Great-West Lifeco Inc. has signed a deal to sell U.S.-based asset manager Putnam Investments to Franklin Resources Inc. and agreed to a strategic partnership.