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National Business
National Business
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
Jun 22, 2022 3:13 PM
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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.
Jun 22, 2022 3:12 PM
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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.
Jun 22, 2022 2:48 PM
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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
Jun 22, 2022 12:41 PM
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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.
Jun 22, 2022 12:28 PM
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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.
Jun 22, 2022 11:16 AM
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Thousands of Dutch farmers protest, fearing government cuts
STROE, Netherlands (AP) — Thousands of farmers gathered in the central Netherlands Wednesday to protest the Dutch government’s plans to rein in emissions of nitrogen oxide and ammonia, driving their tractors across the Netherlands and snarling traffi
Jun 22, 2022 10:50 AM
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Saudi crown prince visits Turkey as countries normalize ties
ANKARA, Turkey (AP) — Saudi Crown Prince Mohammed bin Salman arrived in Ankara on Wednesday, making his first visit to Turkey following the slaying of Saudi columnist Jamal Khashoggi in Istanbul.
Jun 22, 2022 10:44 AM
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Canadian National Railway making new investments in Ontario and Alberta
MONTREAL — Canadian National Railway Co. announced today plans to invest approximately $430 million in Ontario and $365 million in Alberta this year.
Jun 22, 2022 10:21 AM
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PBO says Trans Mountain pipeline to result in net loss for government
OTTAWA — The Parliamentary Budget Officer says the federal government now stands to lose money from its investment in the Trans Mountain pipeline.
Jun 22, 2022 9:27 AM
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