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CP Rail, Kansas City Southern merger clears path for more cargo, but hitches remain
MONTREAL — Under the banner of Canadian Pacific Kansas City, the merger of North America's two smallest Class 1 railways became official Friday morning as CEO Keith Creel drove home a platinum spike at a ceremony in Kansas City, Mo.
Apr 14, 2023 2:24 PM
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Low unemployment could boost trend of union organizing in retail, service: experts
With Canada's unemployment rate holding near record lows, experts say an increased interest in unions among retail and service workers that began during the COVID-19 pandemic will continue — even as workers face an uphill battle against large, powerf
Apr 14, 2023 1:40 PM
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Financial system has to adjust to higher interest rates, Macklem says
OTTAWA — Bank of Canada governor Tiff Macklem says the financial system has to adjust to higher interest rates, just like the rest of the economy. Macklem addressed the recent banking stress that was set off in the U.S.
Apr 14, 2023 1:12 PM
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In Newfoundland, 'commissioning' of troubled hydro dam met with skepticism, unease
ST. JOHN'S, N.L. — Though Muskrat Falls has weighed heavily on Newfoundland and Labrador's finances and residents' morale, reaction was surprisingly muted to an announcement this week that the project is finally considered to be in working order.
Apr 14, 2023 12:11 PM
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'Quiet luxury': No flash, no logos, but big-time style
NEW YORK (AP) — They're the biggest of brands. But with no logos. And that's the whole point. Call it stealth wealth, or quiet luxury.
Apr 14, 2023 9:50 AM
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Statistics Canada says manufacturing sales down 3.6% in February
OTTAWA — Statistics Canada says manufacturing sales fell 3.6 per cent to $71.5 billion in February, as sales of petroleum and coal products helped lead the drop. The agency says the decline followed a revised 4.5 per cent increase in January.
Apr 14, 2023 9:49 AM
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Average home price to end the year 4.8% lower than 2022, will rise 4.7% in 2024: CREA
The Canadian Real Estate Association expects the average price of a home to end the year 4.8 per cent lower than 2022, but says prices will rise by roughly the same amount in 2024.
Apr 14, 2023 8:57 AM
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Reitmans sees sales rise, earnings decline in fourth quarter and fiscal year
MONTREAL — Reitmans (Canada) Ltd. says it saw sales rise in its fourth quarter and full fiscal year, while net earnings were down. The Montreal-based retailer says sales for the fourth quarter of fiscal 2023 increased by 11.4 per cent to $211.
Apr 13, 2023 4:06 PM
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Tech consultant charged in killing of Cash App founder Lee
SAN FRANCISCO (AP) — A tech consultant was arrested and charged with murder Thursday in the stabbing death of the gregarious and popular Cash App founder Bob Lee last week in downtown San Francisco, authorities said.
Apr 13, 2023 3:50 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,564.49, up 110.17): Copper Mountain Mining Corp. (TSX:CMMC). Materials. Up 41 cents, or 18.14 per cent, to $2.67 on 10.
Apr 13, 2023 3:15 PM
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