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Business openings drop by 50 per cent as possible recession looms

Business openings drop by 50 per cent as possible recession looms

TORONTO — New business openings in the second quarter of 2022 were down almost 50 per cent compared with a year ago as economic pressures rise, says credit reporting agency Equifax Inc.
Torstar Corp. co-owner Bitove makes 'no apologies' amid tension with business partner

Torstar Corp. co-owner Bitove makes 'no apologies' amid tension with business partner

TORONTO — One of the co-owners of Torstar Corp. said he is making "no apologies" for the way he runs the newspaper business after his partner filed for a court order to wind up its parent company. Nordstar Capital Inc.
A doc from the Disney family takes aim at the Mouse House

A doc from the Disney family takes aim at the Mouse House

NEW YORK (AP) — Abigail E. Disney has been critical of the company that bears her name before. But for the first time, Disney, the granddaughter of co-founder Roy O. Disney, has put her views into the medium the Mouse House was built on: a movie.
Indigenous leaders want corporate reconciliation efforts to extend beyond Sept. 30

Indigenous leaders want corporate reconciliation efforts to extend beyond Sept. 30

TORONTO — Chelsee Pettit spent much of the summer collaborating with designers to create and manufacture apparel reflective of the Indigenous values she hoped would be on people's minds when Canada marks its second National Day for Truth and Reconcil
Algonquin Power & Utilities cuts price it will pay for Kentucky Power by US$200M

Algonquin Power & Utilities cuts price it will pay for Kentucky Power by US$200M

OAKVILLE, Ont. — Algonquin Power & Utilities Corp. (AQN) says it has signed a revised deal that cuts the price it will pay for Kentucky Power Co. and AEP Kentucky Transmission Co. Inc. by US$200 million.

UK's Truss meets with fiscal watchdog amid economic crisis

LONDON (AP) — British Prime Minister Liz Truss and her Treasury chief met with the independent Office of Budget Responsibility on Friday amid efforts to ease concerns about unfunded government tax cuts that have unleashed turmoil on financial markets
Inflation hits record 10% in 19 EU countries using euro

Inflation hits record 10% in 19 EU countries using euro

FRANKFURT, Germany (AP) — Inflation in the European countries using the euro currency has broken into double digits as prices for electricity and natural gas soar , signaling a looming winter recession for one of the globe's major economies as higher
Wave of retirement hits Canadian workforce as healthcare, education lose workers

Wave of retirement hits Canadian workforce as healthcare, education lose workers

TORONTO — Canada is facing a wave of retirements driven by workers in high-pressure sectors, with an increasing number retiring before they turn 65.
Uber files to dismiss complaint by CUPW at Ontario Labour Relations Board

Uber files to dismiss complaint by CUPW at Ontario Labour Relations Board

TORONTO — Uber Technologies Inc. has filed to dismiss a complaint by the Canadian Union of Postal Workers at the Ontario Labour Relations Board about a deal the tech giant reached with another union.
Russia to annex more of Ukraine on Friday at the Kremlin

Russia to annex more of Ukraine on Friday at the Kremlin

KYIV, Ukraine (AP) — Russia planned to annex more of Ukraine on Friday in an escalation of the seven-month war that was expected to isolate the Kremlin further, draw more international punishment and bring Ukraine extra military, political and econom