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Average asking rent prices reach $2,193 in February, up 10.5% from 2023

Average asking rent prices reach $2,193 in February, up 10.5% from 2023

A new report says the average asking price for a rental unit in Canada was $2,193 per month in February, marking a 10.5 per cent jump year-over-year and the fastest annual growth since September 2023. The data released Monday by Rentals.
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Pipeline shortages to return sooner rather than later as oil production booms

Pipeline shortages to return sooner rather than later as oil production booms

CALGARY — After being hamstrung for years by a lack of export capacity, Canada's oil industry will have reason to celebrate when the much-anticipated Trans Mountain pipeline expansion comes online, expected to be sometime this spring.
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Cogeco names Frédéric Perron its new president and CEO; Philippe Jetté to retire

Cogeco names Frédéric Perron its new president and CEO; Philippe Jetté to retire

MONTREAL — Cogeco Inc. has named Frédéric Perron its new president and CEO, succeeding Philippe Jetté, who is retiring. Perron is taking the helm of the Montreal-based company and its Cogeco Communications Inc.
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Insolvencies to stay higher in 2024 as economy normalizes from pandemic lows: experts

Insolvencies to stay higher in 2024 as economy normalizes from pandemic lows: experts

Business insolvencies will likely remain elevated throughout 2024, experts said, as the economy plays catch-up after historically low levels during the pandemic. “We did have ... so many years of artificially low filings.
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Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Household debt Statistics Canada will release Wednesday its national balance sheet and financial flow accounts figures for the fourth quarter of 2023.
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Big changes are coming to how Canadians bank, but adoption likely to be slow

Big changes are coming to how Canadians bank, but adoption likely to be slow

TORONTO — A long-promised revolution in banking is headedto Canada, but you might not notice when it arrives.
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Saudi oil giant Aramco announces $121 billion profit last year, down from 2022 record

Saudi oil giant Aramco announces $121 billion profit last year, down from 2022 record

DUBAI, United Arab Emirates (AP) — Saudi oil giant Aramco on Sunday reported it made $121 billion in profit last year, down from its 2022 record due to lower energy prices. Aramco made the announcement in a filing in Riyadh's Tadawul stock market.
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Biden signs a package of spending bills passed by Congress just hours before a shutdown deadline

Biden signs a package of spending bills passed by Congress just hours before a shutdown deadline

WASHINGTON (AP) — President Joe Biden on Saturday signed a $460 billion package of spending bills approved by the Senate in time to avoid a shutdown of many key federal agencies.
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With AI, workplace surveillance has ‘skyrocketed’—leaving Canadian laws behind

With AI, workplace surveillance has ‘skyrocketed’—leaving Canadian laws behind

OTTAWA — Technology that tracks your location at work and the time you're spending in the bathroom. A program that takes random screenshots of your laptop screen. A monitoring system that detects your mood during your shift.
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Congress passes first package of spending bills just hours before shutdown deadline for key agencies

Congress passes first package of spending bills just hours before shutdown deadline for key agencies

WASHINGTON (AP) — The Senate on Friday approved a $460 billion package of spending bills in time to meet a midnight deadline for avoiding a shutdown of many key federal agencies, a vote that gets lawmakers about halfway home in wrapping up their appr
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