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July retail sales 'positive surprise' but need more rate cuts to persist: analysts
Retail sales edged up in July, but economists say it will take further interest rate cuts to really spark lasting activity. Statistics Canada said Friday that retail sales rose 0.9 per cent to $66.4 billion in July, helped by stronger new car sales.
Sep 20, 2024 9:12 AM
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Passenger on a previous Titan sub dive says his mission was aborted due to apparent malfunction
A paid passenger on an expedition to the Titanic with the company that owned the Titan submersible testified before a U.S. Coast Guard investigatory panel Friday that the mission he took part in was aborted due to apparently mechanical failure.
Sep 20, 2024 8:37 AM
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Bank of Canada trying to figure out how AI might affect inflation, Macklem says
OTTAWA — Bank of Canada governor Tiff Macklem says there is a lot of uncertainty around how artificial intelligence could affect the economy moving forward, including the labour market and price growth.
Sep 20, 2024 7:24 AM
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Aurora Cannabis CEO Miguel Martin adds the role of executive chairman
EDMONTON — Aurora Cannabis Inc. says chief executive Miguel Martin is adding the title of executive chairman. The company says the board believes that combining the CEO and chairman roles will help promote strong and consistent leadership.
Sep 20, 2024 7:14 AM
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How a group of Toronto tenants turned to a risky last resort and got a 'huge victory'
TORONTO — In the middle of the small crowd — near the tents, the lineup of kids awaiting face painting, the snack table — stood a jubilant Chiara Padovani.
Sep 20, 2024 3:00 AM
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A fire that burned for 4 days after Texas pipeline explosion has finally gone out
DEER PARK, Texas (AP) — A pipeline fire that burned in a Houston suburb for four days finally went out Thursday as authorities announced a criminal investigation into the blaze that had roared into a towering flame, forcing neighborhoods to evacuate
Sep 19, 2024 8:13 PM
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Motorcycle rider dead in crash that closed Highway 1 in Langley, B.C., for hours
LANGLEY, B.C. — Police in Langley, B.C., say one person is dead in a crash between a car and a motorcycle on Highway 1 that shut down the route for hours.
Sep 19, 2024 7:27 PM
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Labour Day train delay isolated incident, Via Rail CEO tells MPs
OTTAWA — The head of Via Rail repeatedly told MPs a train delay over the Labour Day long weekend was an isolated incident, despite a similar event two years ago.
Sep 19, 2024 7:18 PM
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CN workers in Jasper face uncertainty as company plans to move rail ops an hour away
MONTREAL — Canadian National Railway Co. told employees this week it plans to relocate its operations in Jasper to near Hinton, Alta., about 100 kilometres away.
Sep 19, 2024 5:10 PM
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West Fraser indefinitely curtails Lake Butler, Fla., sawmill
VANCOUVER — West Fraser Timber Co. Ltd. says it's indefinitely curtailing its sawmill in Lake Butler, Fla., by the end of the month. The Vancouver-based company says the decision is because of high fibre costs and soft lumber markets.
Sep 19, 2024 4:34 PM
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