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National Business
Energy stocks lead broad rally to lift S&P/TSX composite up for second straight day
TORONTO — A broad rally led by the energy sector pushed Canada's main stock index higher for a second-straight session after six days of losses.
May 16, 2022 2:51 PM
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De-Arching: McDonald's to sell Russia business, exit country
McDonald's is closing its doors in Russia, ending an era of optimism and increasing the country's isolation over its war in Ukraine . The Chicago burger giant confirmed Monday that it is selling its 850 restaurants in Russia.
May 16, 2022 12:47 PM
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Passenger, cargo trains collide in Spain; 1 killed, 85 hurt
MADRID (AP) — A cargo train smashed into a rush-hour passenger train in Catalonia on Monday, killing an engineer and injuring 85 people, Spanish authorities and the regional rail company said.
May 16, 2022 12:32 PM
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Statistics Canada says higher prices lift manufacturing and wholesale sales higher
OTTAWA — Canadian manufacturing sales and wholesale trade figures climbed higher in March, but the gains came due to higher prices. Statistics Canada said Monday manufacturing sales rose 2.5 per cent to $70.
May 16, 2022 10:31 AM
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CREA reports home sales down in April as mortgage rates rise
Increasing mortgage rates slowed home sales in April from the frenzied pace they started the year at, the Canadian Real Estate Association said Monday. The association found the number of homes sold dropped by 25.
May 16, 2022 10:17 AM
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Canada Mortgage and Housing Corp. reports annual rate of housing starts rose in April
OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of new home construction in April rose eight per cent compared with March.
May 16, 2022 7:06 AM
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Small wins buoy Ukraine; West says Russians losing momentum
KYIV, Ukraine (AP) — Almost three months after Russia shocked the world by invading Ukraine, its military faces a bogged-down war, the prospect of a bigger NATO, and an opponent buoyed Sunday by wins on and off the battlefield.
May 15, 2022 8:21 PM
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Finland, Sweden inch closer to seeking NATO membership
BERLIN (AP) — Finland's government declared a “new era” is underway as it inches closer to seeking NATO membership, hours before Sweden's governing party on Sunday backed a plan to join the trans-Atlantic alliance amid Russia's war in Ukraine .
May 15, 2022 12:02 PM
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Nova Scotia Labour Department investigating worker death at Michelin tire plant
HALIFAX — A workplace death investigation is underway following a fatality last week at a Michelin tire plant in Nova Scotia.
May 15, 2022 11:08 AM
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Blow for Scholz as conservatives win key German state vote
BERLIN (AP) — Exit polls suggest that voters backed the incumbent conservative governor and dealt a blow to Chancellor Olaf Scholz's Social Democrats in Germany’s most populous state Sunday. Figures released after voting ended at 6 p.m.
May 15, 2022 10:28 AM
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