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Banking regulator keeps stability buffer at top end of range amid uncertainty

Banking regulator keeps stability buffer at top end of range amid uncertainty

OTTAWA — Canada's banking regulator has kept the domestic stability buffer at the top end of the range to help address heightened financial uncertainty. As the buffer stands, banks have to hold capital equivalent to 2.
Fuel prices likely to rise further, economists say as peak travel season kicks off

Fuel prices likely to rise further, economists say as peak travel season kicks off

MONTREAL — Soaring gas prices fuelled the largest rise in the annual inflation rate in four decades last month, Statistics Canada says — with further increases anticipated.
Alberta premier, oilsands execs in U.S. capital to rehabilitate Canada's energy image

Alberta premier, oilsands execs in U.S. capital to rehabilitate Canada's energy image

WASHINGTON — Alberta Premier Jason Kenney and oilsands industry executives are in the U.S. capital as part of a fresh push to rehabilitate the public image of Canada's fossil fuels.
Grocery chain Sobeys focuses on price, value as food inflation reaches nearly 10%

Grocery chain Sobeys focuses on price, value as food inflation reaches nearly 10%

The food going into grocery store shopping carts in Canada is changing as consumers face a nearly 10 per cent increase in food prices, the head of one of the country's largest supermarket chains said Wednesday.
Powell: Fed aims to avoid recession but says it's possible

Powell: Fed aims to avoid recession but says it's possible

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell sought Wednesday to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy and cause a rec
Aurora Cannabis to layoff 12% of workforce amid reorganization

Aurora Cannabis to layoff 12% of workforce amid reorganization

EDMONTON — Aurora Cannabis Inc. says it is laying off 12 per cent of its workforce as the company embarks on a reorganization.
Italy's 5-Stars in chaos as Di Maio splits, forms new group

Italy's 5-Stars in chaos as Di Maio splits, forms new group

ROME (AP) — Italy’s political landscape shifted Wednesday after Foreign Minister Luigi Di Maio formalized his departure from the 5-Star Movement, splitting with the party he helped found over its Ukraine policy and other differences.
The 2022 wedding boom: Budget 30% more amid inflation, shortages

The 2022 wedding boom: Budget 30% more amid inflation, shortages

The already competitive and pricey wedding industry has been exacerbated by the COVID-19 pandemic, 30-year high inflation, supply chain challenges and labour shortages
Bank of Canada deputy governor Timothy Lane to retire in September

Bank of Canada deputy governor Timothy Lane to retire in September

OTTAWA — The Bank of Canada says deputy governor Timothy Lane will retire in September. Lane joined the central bank in August 2008 as an adviser to the governor after 20 years at the International Monetary Fund.
Loblaw and DoorDash partner on rapid grocery delivery service

Loblaw and DoorDash partner on rapid grocery delivery service

TORONTO — Loblaw Cos. Ltd. and food delivery company DoorDash Inc. today announced a collaboration that introduces a rapid grocery delivery service to customers in Canada.