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Dollarama sees another strong quarter as demand for consumable products continues

Dollarama sees another strong quarter as demand for consumable products continues

MONTREAL — Dollarama Inc. recorded another strong quarter as inflationary pressures continue to drive consumer demand for consumable products at the discount retailer.
Bank of Canada hikes key rate by half percentage point, signals possible pause

Bank of Canada hikes key rate by half percentage point, signals possible pause

OTTAWA — The Bank of Canada hit a turning point on Wednesday when it announced a half percentage point interest rate increase while signalling it might be ready to pause its aggressive rate hike cycle.
China eases anti-COVID measures following protests

China eases anti-COVID measures following protests

BEIJING (AP) — China rolled back rules on isolating people with COVID-19 and dropped virus test requirements for some public places Wednesday in a dramatic change to a strategy that confined millions of people to their homes and sparked protests and

What the latest Bank of Canada rate hike means for inflation, consumers

The Bank of Canada hiked its key policy rate by half a percentage point to 4.
US to boost natural gas exports to UK in energy partnership

US to boost natural gas exports to UK in energy partnership

WASHINGTON (AP) — The United States will increase exports of liquefied natural gas to Britain under a new agreement calling for the two countries to work together to boost energy security and drive down prices following Russia’s invasion of Ukraine.
S&P/TSX composite edges lower as price of oil falls, U.S. stock markets also down

S&P/TSX composite edges lower as price of oil falls, U.S. stock markets also down

TORONTO — Canada's main stock index edged lower in late-morning trading, as the price of oil fell and losses in the energy sector weighed on the Toronto market, while U.S. stock markets also moved lower. The S&P/TSX composite index was down 22.
Pressure building on suppliers to reduce emissions: BMO Climate Institute

Pressure building on suppliers to reduce emissions: BMO Climate Institute

TORONTO — Small and medium-sized businesses should start thinking about building climate plans into their operations to stay competitive, said the head of the BMO Climate Institute.
China's Xi visits Saudi Arabia to cement Gulf Arab ties

China's Xi visits Saudi Arabia to cement Gulf Arab ties

DUBAI, United Arab Emirates (AP) — Chinese leader Xi Jinping arrived in Saudi Arabia on Wednesday to attend meetings with oil-rich Gulf Arab nations crucial to his country's energy supplies as Beijing tries to revive an economy battered by its strict
Renting increased by three times the rate of home ownership in last decade: RBC

Renting increased by three times the rate of home ownership in last decade: RBC

TORONTO — Royal Bank of Canada economists say the country has reached a record number of renters as the number of people renting has increased at three times the rate of homeowners in the past decade.
Stocks waver on Wall Street following a 4-day losing streak

Stocks waver on Wall Street following a 4-day losing streak

NEW YORK (AP) — Stocks wavered between small gains and losses in early trading on Wall Street, leaving prospects uncertain for the market to break a four-day losing streak. The S&P 500 was down 0.