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Surge in newcomers putting pressure on inflation via housing demand: BoC official

Surge in newcomers putting pressure on inflation via housing demand: BoC official

OTTAWA — The recent surge in newcomers is adding to inflation through housing demand, a senior Bank of Canada official said Thursday, warning rental and home prices could continue to rise without a boost to housing supply.
Roughly half of first-time buyers likely to use first home savings account: BMO poll

Roughly half of first-time buyers likely to use first home savings account: BMO poll

TORONTO — A new survey suggests a little more than half of potential first-time homebuyers are interested in using a first home savings account, even though they don't know much about it.
Federal, Quebec ministers say major grocers need to sign code of conduct

Federal, Quebec ministers say major grocers need to sign code of conduct

The federal and Quebec agriculture and food ministers are calling on all members of the grocery industry supply chain to sign onto a code of conduct.
Holiday budget planning should include more than gifts you're planning on giving

Holiday budget planning should include more than gifts you're planning on giving

OTTAWA — A holiday spending plan is always a good idea, but as inflation pushes the cost of everything up and higher interest rates squeeze households, a budget is more important than ever.
Filings for jobless claims tick up modestly, continuing claims fall

Filings for jobless claims tick up modestly, continuing claims fall

U.S. applications for jobless benefits ticked up last week, but the overall number of people in the U.S. collecting unemployment benefits fell after hitting its highest level in two years last week.
Intact subsidiary RSA selling U.K. home and pet insurance business

Intact subsidiary RSA selling U.K. home and pet insurance business

TORONTO — Insurance company Intact Financial Corp. says its Royal & Sun Alliance Insurance Ltd. subsidiary has signed a deal to sell its U.K. home and pet insurance business to Admiral Group.
2024 to bring slower food inflation as prices continue to moderate: report

2024 to bring slower food inflation as prices continue to moderate: report

Food prices will keep rising in 2024, though at a slower pace, according to the latest Food Price Report.
CN announces deal to acquire Iowa Northern Railway

CN announces deal to acquire Iowa Northern Railway

MONTREAL — CN says it's acquiring Iowa Northern Railway, pending regulatory review. In a press release Wednesday, CN says it has signed and closed an agreement to acquire the railway, which serves upper Midwest agricultural and industrial markets.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,274.21, down 101.72 points): Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down $5.13, or 5.69 per cent, to $41.13 on 12.
TSX down more than 100 points as oil drops below US$70, Bank of Canada holds rates

TSX down more than 100 points as oil drops below US$70, Bank of Canada holds rates

TORONTO — Canada's main stock index was down more than 100 points on Wednesday, dragged lower by losses in energy as oil sank below US$70 a barrel, while U.S. markets were also down.