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National Business
National Business
Home prices expected to climb 4.9% in 2024 as sales rise last month: CREA
The Canadian Real Estate Association says it's now expecting the national average home price to climb 4.9 per cent on an annual basis to $710,468, more than double the hike it had predicted at the start of 2024.
Apr 12, 2024 8:47 AM
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Regulator limiting leverage in bank mortgage portfolios
OTTAWA — Canada's banking regulator says it will be putting limits on how much leverage banks allow in their uninsured mortgage portfolios.
Apr 12, 2024 8:44 AM
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Corus CEO hopeful TV advertisers will return as company posts $9.8M Q2 loss
TORONTO — Despite a drop in advertising revenue, the chief executive of Corus Entertainment Inc. says he is confident the television and radio broadcaster can draw advertisers back as it focuses more on growing digital and streaming audiences.
Apr 12, 2024 8:35 AM
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Toronto airports authority announces 'decade-long investment' in Pearson Airport
Toronto’s airports authority has announced a multibillion-dollar plan to update and modernize Toronto Pearson Airport.
Apr 12, 2024 8:26 AM
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US consumer sentiment falls slightly as outlook for inflation worsens
WASHINGTON (AP) — Consumer sentiment about the U.S. economy has ticked down but remains near a recent high, with Americans' outlook largely unchanged this year.
Apr 12, 2024 8:11 AM
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JPMorgan again warns investors about "uncertain" year ahead. Big banks issue mixed profit reports
NEW YORK (AP) — JPMorgan Chase continued to warn investors Friday that it expects a “uncertain” year for markets and the global economy, citing stubbornly high inflation and ongoing geopolitical tensions.
Apr 12, 2024 6:33 AM
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Walmart Canada says robots are coming to two Ontario warehouses, but jobs not at risk
In a Calgary warehouse almost as big as eight football fields, an army of robots whir about, carrying massive quantities of merchandise bound for Walmart Canada customers.
Apr 12, 2024 1:00 AM
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Oakland officials vote to include ‘San Francisco’ in airport's name
SAN FRANCISCO (AP) — Oakland officials have voted in favor of changing the name of the city’s airport to San Francisco Bay Oakland International Airport, despite San Francisco threatening a lawsuit over what it says is a trademark violation.
Apr 11, 2024 9:31 PM
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Bell Canada CEO Mirko Bibic defends job cuts in Commons committee testimony
OTTAWA — As members of Parliament accuse Bell Canada of corporate greed, the head of the company is defending its decision to cut thousands of jobs, citing a shift in Canadians' viewing habits away from traditional TV.
Apr 11, 2024 2:43 PM
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Manulife names Katy Boshart as CEO of banking unit
TORONTO — Manulife Financial Corp. says Katy Boshart will take on the role of CEO at Manulife Bank of Canada starting next week. Boshart comes to the firm from TD Bank, where she most recently led its customer engagement platforms division.
Apr 11, 2024 2:30 PM
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