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Bank of Canada holds key interest rate at 5%, signals shift toward rate cut talks

Bank of Canada holds key interest rate at 5%, signals shift toward rate cut talks

OTTAWA — The Bank of Canada is turning its attention to when it may be able to start cutting interest rates, governor Tiff Macklem said Wednesday as he announced the central bank's decision to hold its key rate at five per cent.
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Ford recalls 93,000 Explorer SUVs in Canada due to potential hazard

Ford recalls 93,000 Explorer SUVs in Canada due to potential hazard

TORONTO — Ford says a recall of its Explorer SUVs will affect 93,000 Canadians.
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Rio Tinto says Diavik diamond mine employees were on crashed NWT plane

Rio Tinto says Diavik diamond mine employees were on crashed NWT plane

The plane that crashed Tuesday near Fort Smith, N.W.T. was on its way to Rio Tinto's Diavik Diamond Mine. The mine is one of four operating diamond mines in Canada.
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Sycamore Partners-owned Rona cutting about 300 jobs, two distribution centres

Sycamore Partners-owned Rona cutting about 300 jobs, two distribution centres

BOUCHERVILLE, Que. — Rona Inc. says it's cutting about 300 jobs and closing two distribution centres as part of a plan to adjust its operating model and eliminate inefficiencies.
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'I didn’t have that kind of money': Know your legal rights on rent increases

'I didn’t have that kind of money': Know your legal rights on rent increases

When Nandini Gokhale took over a friend’s lease for a bedroom in an Ottawa home in 2020, she was happy she'd found an affordable space in the middle of the pandemic.
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Text of the Bank of Canada's latest interest rate decision

Text of the Bank of Canada's latest interest rate decision

OTTAWA — The Bank of Canada kept its key interest rate target on hold at five per cent on Wednesday.
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Firehouse Subs pitches first responders, vets in opening restaurants as rivals circle

Firehouse Subs pitches first responders, vets in opening restaurants as rivals circle

TORONTO — As competitors circle the market, Firehouse Subs is on a mission to lure in an uncommon set of restaurant owners to help it grow the brand in Canada.
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Restaurant company MTY Food Group raising quarterly dividend 12%

Restaurant company MTY Food Group raising quarterly dividend 12%

MONTREAL — MTY Food Group Inc. says it is raising its quarterly dividend by 12 per cent. The restaurant franchisor and operator says it will now pay shareholders a quarterly dividend of 28 cents per share, up from 25 cents per share.
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Oregon jury awards $85 million to 9 victims of deadly 2020 wildfires

Oregon jury awards $85 million to 9 victims of deadly 2020 wildfires

PORTLAND, Ore.
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CN Rail gears up for waves made by Red Sea conflict

CN Rail gears up for waves made by Red Sea conflict

Doug MacDonald, CN's head of marketing, said the company expects operations to ramp up at the West Coast ports of Vancouver and Prince Rupert.
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