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Homes still unaffordable for average households despite fall in prices: reports

Homes still unaffordable for average households despite fall in prices: reports

OTTAWA — Buying a home has become more unaffordable for Canadians even as housing prices fall, according to new reports from the parliamentary budget officer and RBC.
CIBC aims to reduce emission intensity from power portfolio by 32 per cent by 2030

CIBC aims to reduce emission intensity from power portfolio by 32 per cent by 2030

TORONTO — CIBC says it aims to cut the emissions intensity of its power generation portfolio by 32 per cent by 2030 in the latest climate target released by a Canadian bank.
Statistics Canada says job vacancies dropped below one million in July

Statistics Canada says job vacancies dropped below one million in July

OTTAWA — Statistics Canada says the number of job vacancies in the country moved lower to slip below one million in July, but remained well above where they were a year earlier.
Temporary boost to GST rebate would cost $2.6 billion: PBO

Temporary boost to GST rebate would cost $2.6 billion: PBO

OTTAWA — The parliamentary budget officer estimates the Liberal bill proposing to temporarily double the GST rebate will cost $2.6 billion.
Salary transparency is on the rise. Here's how to navigate the topic

Salary transparency is on the rise. Here's how to navigate the topic

TORONTO — Mo Hameed started a TikTok account showcasing everyday Canadians sharing what they do and how much they make just a few months ago.
NATO believes Baltic Sea gas leaks were sabotage

NATO believes Baltic Sea gas leaks were sabotage

COPENHAGEN, Denmark (AP) — The NATO military alliance warned Thursday it would retaliate for any attacks on the critical infrastructure of its 30 member countries and joined other Western officials in citing sabotage as the likely cause of damage to
US economy drops at 0.6% annual rate from April through June

US economy drops at 0.6% annual rate from April through June

WASHINGTON (AP) — Battered by surging consumer prices and rising interest rates, the U.S. economy shrank at a 0.6% annual rate from April through June, the government announced Thursday, unchanged from its previous second-quarter estimate.
Enbridge buys U.S. renewable power project developer Tri Global Energy

Enbridge buys U.S. renewable power project developer Tri Global Energy

CALGARY — Enbridge Inc. has bought Tri Global Energy (TGE), a U.S. renewable power project developer, for US$270 million in cash and assumed debt.
Canadian economy grew slightly in July, Statistics Canada says

Canadian economy grew slightly in July, Statistics Canada says

OTTAWA — The Canadian economy grew slightly in July with the latest reading on real gross domestic product coming in higher than expected. Statistics Canada said Thursday that the economy grew by 0.
Germany to spend billions to tackle high energy prices

Germany to spend billions to tackle high energy prices

BERLIN (AP) — Germany plans to spend up to 200 billion euros ($195 billion) helping consumers and businesses cope with surging energy prices, particularly for natural gas , due to the war in Ukraine.