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RioCan REIT pauses new construction starts amid high interest rates

RioCan REIT pauses new construction starts amid high interest rates

TORONTO — High interest rates and rising costs have pushed RioCan Real Estate Investment Trust to put a halt to starting any major new construction projects.
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Canadian business insolvencies surge almost 42 per cent from last year

Canadian business insolvencies surge almost 42 per cent from last year

OTTAWA — Canadian business insolvencies were up 41.8 per cent from a year earlier in the third quarter, surpassing pre-pandemic levels.
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Tim Hortons seeking more afternoon, evening sales as parent reports US$364M profit

Tim Hortons seeking more afternoon, evening sales as parent reports US$364M profit

TORONTO — Long associated with morning coffee runs and breakfast, Tim Hortons is setting its sights on dominating the second half of the day too. "We are really super excited about the opportunities to be had in the p.m.
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Enbridge to purchase U.S. renewable gas facilities for US$1.2 billion

Enbridge to purchase U.S. renewable gas facilities for US$1.2 billion

CALGARY — Canadian pipeline giant Enbridge Inc. has signed a deal to purchase seven existing renewable natural gas facilities in Texas and Arkansas for US$1.2 billion.
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OSC tribunal approves $8M settlement over RBC accounting practices

OSC tribunal approves $8M settlement over RBC accounting practices

TORONTO — The Ontario Securities Commission has approved an $8-million settlement with Royal Bank of Canada over issues with its tracking of costs related to internal software development.
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Trans Mountain Corp. issued stop-work order for environmental non-compliance

Trans Mountain Corp. issued stop-work order for environmental non-compliance

CALGARY — The company building the Trans Mountain pipeline expansion has been issued a temporary stop-work order due to environmental non-compliance related to a wetland near Abbotsford, B.C.
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Canada’s jobless rate rises to 5.7%, fuelling bets Bank of Canada rate hikes are done

Canada’s jobless rate rises to 5.7%, fuelling bets Bank of Canada rate hikes are done

OTTAWA — Canada’s unemployment rate rose to 5.7 per cent last month as job opportunities became less plentiful in an economy weighed down by high interest rates.
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Magna beats expectations with profit boost as light vehicle production ramps up

Magna beats expectations with profit boost as light vehicle production ramps up

Magna International Inc. is reporting a jump in profits and revenues for its third quarter, beating analyst expectations. The auto parts manufacturer, which keeps its books in U.S.
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Here's a quick glance at unemployment rates for October, by Canadian city

Here's a quick glance at unemployment rates for October, by Canadian city

OTTAWA — The national unemployment rate was 5.7 per cent in October. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities.
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Here's a quick glance at unemployment rates for October, by province

Here's a quick glance at unemployment rates for October, by province

OTTAWA — Canada's national unemployment rate was 5.7 per cent in October. Here are the jobless rates last month by province (numbers from the previous month in brackets): _ Newfoundland and Labrador 10 per cent (9.7) _ Prince Edward Island 6.
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