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National Business
National Business
Macklem says economy still overheated and jobs market is too tight
OTTAWA — As the Bank of Canada monitors the economy's response to higher interest rates, governor Tiff Macklem says it is still overheated and the labour market is too tight.
Feb 16, 2023 1:47 PM
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Record oil profits 'enough to make you ball up your fists,' says N.L. minister
ST. JOHN'S, N.L. — After handing oil companies more than $280 million in cash during the COVID-19 pandemic, Newfoundland and Labrador's energy minister says it's tough to watch those same companies rake in record-shattering profits.
Feb 16, 2023 1:43 PM
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Teck reviewing alternatives for steelmaking coal business
VANCOUVER — Teck Resources Ltd. is evaluating alternatives for its steelmaking coal business, including the possible spin-out of an interest in that business to its shareholders.
Feb 16, 2023 1:15 PM
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Nutrien to slightly delay potash production ramp-up as global sales slump
CALGARY — Nutrien Ltd. will slightly delay the timing of its plan to ramp up potash production, due to slumping sales.
Feb 16, 2023 11:38 AM
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Higher rates more than offset home price drop to worsen affordability: report
TORONTO — A new report says that while home prices are down compared with last year, higher mortgage rates mean affordability hasn't improved for Canadians. The report by Ratehub.
Feb 16, 2023 11:24 AM
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Wholesale price pressures emerge despite long-term slowdown
WASHINGTON (AP) — Wholesale prices in the United States reaccelerated in January, indicating that inflation pressures continue to underlie the U.S. economy despite longer-term signs of improvement.
Feb 16, 2023 10:12 AM
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Spousal RRSPs can offer tax benefits, but experts say it might not work for everyone
OTTAWA — Canadian couples looking to save money in retirement may turn to spousal RRSP accounts, though financial experts caution it might not work for everyone. Aba Quarshie, a financial planner at RBC in Almonte, Ont.
Feb 16, 2023 10:00 AM
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Weekly jobless applications fall again despite Fed rate push
Fewer Americans filed for jobless benefits last week despite efforts by the Federal Reserve to loosen the labor market with higher interest rates as it tries to cool the economy. Applications for jobless aid in the U.S. for the week ending Feb.
Feb 16, 2023 8:55 AM
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RioCan Real Estate Investment Trust raises monthly distributions, reports Q4 loss
TORONTO — RioCan Real Estate Investment Trust raised its payment to unitholders as it reported a loss of $5 million in its fourth quarter. The real estate trust says it will now pay a monthly distribution of nine cents per unit, up from 8.5 cents.
Feb 16, 2023 8:26 AM
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MTY Food Group reports $7.1M Q4 profit, revenue up 65 per cent from year ago
MONTREAL — MTY Food Group Inc. reported a fourth-quarter profit of $7.1 million as the acquisition of BBQ Holdings helped its revenue rise 65 per cent compared with a year ago.
Feb 16, 2023 8:03 AM
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