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Resilient economy may muddle inflation fight, recession still expected: economists

Resilient economy may muddle inflation fight, recession still expected: economists

TORONTO — Canadian households and the overall economy have proven surprisingly resilient in the face of rising interest rates, said senior economists from the big banks, which could complicate the fight against inflation.
Yellen tells Congress US expected to hit debt limit Thursday

Yellen tells Congress US expected to hit debt limit Thursday

WASHINGTON (AP) — Treasury Secretary Janet Yellen notified Congress on Friday that the U.S. is projected to reach its debt limit on Thursday and will then resort to “extraordinary measures” to avoid default.
CIBC head of Canadian personal and business banking Laura Dottori-Attanasio retiring

CIBC head of Canadian personal and business banking Laura Dottori-Attanasio retiring

TORONTO — CIBC says Laura Dottori-Attanasio, senior executive vice-president and group head for Canadian personal and business banking, is retiring. Dottori-Attanasio's last day at the bank is Feb.
Home prices in Q4 down year-over-year, first decline since end of 2008: report

Home prices in Q4 down year-over-year, first decline since end of 2008: report

TORONTO — The median price of a home in Canada in the fourth quarter of 2022 posted the first year-over-year decline since the end of 2008 during the financial crisis, Royal LePage says.
Investors look for 2023 outlooks from companies as earnings season looms

Investors look for 2023 outlooks from companies as earnings season looms

TORONTO — Experts say the upcoming earnings season will be overshadowed by the broader economic climate, with interest rates and inflation data more closely watched thanindividual company reports.
Trump Organization fined $1.6 million for tax fraud

Trump Organization fined $1.6 million for tax fraud

NEW YORK (AP) — Donald Trump’s company was fined $1.
Liberal minister says Canada needs more immigration as targets get mixed reviews

Liberal minister says Canada needs more immigration as targets get mixed reviews

OTTAWA — As Canada plans to significantly ramp up its immigration levels in the coming years, some policy experts are worried about potential effects on health care, housing and the labour market.
Corus Entertainment reports Q1 profit and revenue down from year ago

Corus Entertainment reports Q1 profit and revenue down from year ago

TORONTO — Corus Entertainment Inc. reported its first-quarter profit fell compared with a year ago as its revenue also moved lower. The television and radio company says it earned $31.
Cogeco Communications reports Q1 profit and revenue up, trims guidance for full year

Cogeco Communications reports Q1 profit and revenue up, trims guidance for full year

MONTREAL — Cogeco Communications Inc. reported its first-quarter profit and revenue rose compared with a year ago, but the company trimmed its guidance for its full financial year.
Shaw sees revenue, income decline in first quarter of fiscal 2023

Shaw sees revenue, income decline in first quarter of fiscal 2023

CALGARY — Shaw Communications Inc. says revenue for its first quarter ended Nov. 30, 2022 saw revenue decrease by 1.2 per cent year over year. The Calgary-based company says net income for the quarter was down 14.