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Germany nationalizes country's biggest gas importer Uniper

Germany nationalizes country's biggest gas importer Uniper

BERLIN (AP) — The German government said Wednesday that it has agreed to nationalize the country's biggest gas importing company, Uniper, expanding state intervention in the industry to prevent an energy shortage resulting from Russia's war in Ukrain
B.C. strike and cyberattack impacting OCS could cause $3M revenue hit for Aurora: CEO

B.C. strike and cyberattack impacting OCS could cause $3M revenue hit for Aurora: CEO

Aurora Cannabis Inc. says it could take a revenue hit of up to $3 million because of a cyberattack that downed Ontario's pot distributor and a strike that halted deliveries to B.C. marijuana stores.
Fossil fuel sector needs investment to reduce emissions: RBC exec

Fossil fuel sector needs investment to reduce emissions: RBC exec

CALGARY — Even as a growing number of activists urge financial institutions to take action against climate change by reducing funding to the fossil fuel sector, executives with Canada’s largest bank say this country won’t reach its net-zero goals wit
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,368.69, down 193.69 points) Barrick Gold Corp. (TSX:ABX). Materials. Down 43 cents, or 2.09 per cent, to $20.12 on 11.3 million shares.
Economic stimulus should have stopped earlier to tame inflation, Bank of Canada says

Economic stimulus should have stopped earlier to tame inflation, Bank of Canada says

OTTAWA — Bank of Canada deputy governor Paul Beaudry said in hindsight, governments and central banks should have withdrawn stimulus measures earlier as economies recovered from the COVID-19 pandemic, which likely would have kept a lid on inflation.
S&P/TSX composite ends down almost 200 points, U.S. stock markets also slip

S&P/TSX composite ends down almost 200 points, U.S. stock markets also slip

TORONTO — Canada's main stock index closed down almost one per cent in broad-based declines Tuesday, similar to losses in U.S. stock markets a day ahead of the U.S. Federal Reserve's latest rate decision.
Spotify launches audiobook store with some 300,000 titles

Spotify launches audiobook store with some 300,000 titles

NEW YORK (AP) — The expanding audio books market has a major new retailer: Spotify.
Inflation is cooling, but the Bank of Canada isn't done its fight: economists

Inflation is cooling, but the Bank of Canada isn't done its fight: economists

OTTAWA — Inflation in Canada is cooling faster than expected, but economists don't expect the Bank of Canada to back down from its fight just yet. The annual inflation rate slowed to 7.
Grocery prices in Canada continue meteoric ascent, rising at fastest pace since 1981

Grocery prices in Canada continue meteoric ascent, rising at fastest pace since 1981

Shea McInnis used to love cooking. But higher prices have reduced the PhD student to basic meal planning on a shoestring budget.
Stocks close lower ahead of Fed decision on interest rates

Stocks close lower ahead of Fed decision on interest rates

TOKYO — Stocks closed lower on Wall Street ahead of a key decision on interest rates by the Federal Reserve. The S&P 500 fell 1.1% Tuesday. The Nasdaq composite and the Dow Jones Industrial Average also lost ground.