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Economic stimulus should have stopped earlier to tame inflation, Bank of Canada says
OTTAWA — Bank of Canada deputy governor Paul Beaudry said in hindsight, governments and central banks should have withdrawn stimulus measures earlier as economies recovered from the COVID-19 pandemic, which likely would have kept a lid on inflation.
Sep 20, 2022 5:33 PM
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S&P/TSX composite ends down almost 200 points, U.S. stock markets also slip
TORONTO — Canada's main stock index closed down almost one per cent in broad-based declines Tuesday, similar to losses in U.S. stock markets a day ahead of the U.S. Federal Reserve's latest rate decision.
Sep 20, 2022 5:30 PM
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Spotify launches audiobook store with some 300,000 titles
NEW YORK (AP) — The expanding audio books market has a major new retailer: Spotify.
Sep 20, 2022 5:21 PM
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Inflation is cooling, but the Bank of Canada isn't done its fight: economists
OTTAWA — Inflation in Canada is cooling faster than expected, but economists don't expect the Bank of Canada to back down from its fight just yet. The annual inflation rate slowed to 7.
Sep 20, 2022 4:54 PM
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Grocery prices in Canada continue meteoric ascent, rising at fastest pace since 1981
Shea McInnis used to love cooking. But higher prices have reduced the PhD student to basic meal planning on a shoestring budget.
Sep 20, 2022 4:18 PM
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Stocks close lower ahead of Fed decision on interest rates
TOKYO — Stocks closed lower on Wall Street ahead of a key decision on interest rates by the Federal Reserve. The S&P 500 fell 1.1% Tuesday. The Nasdaq composite and the Dow Jones Industrial Average also lost ground.
Sep 20, 2022 4:09 PM
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Germany close to deal on nationalizing gas company Uniper
BERLIN (AP) — Natural gas supplier Uniper said Tuesday that it’s in “final discussions” for Germany to nationalize the company, ramping up the government’s intervention in the gas and oil industry as Russia's war in Ukraine provokes an energy crisis
Sep 20, 2022 1:05 PM
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Feds: Minnesota food scheme stole $250M; 47 people charged
MINNEAPOLIS (AP) — Federal authorities charged 47 people in Minnesota with conspiracy and other counts on Tuesday in what they said was a massive scheme that took advantage of the COVID-19 pandemic to steal $250 million from a federal program that pr
Sep 20, 2022 1:00 PM
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Financial pressure mounting for working Canadians, a new study shows
TORONTO — A new study has found that the financial well-being of working Canadians has declined in the past year, with distress growing for those who are financially struggling the most.
Sep 20, 2022 11:10 AM
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Canadian employers sought to fill nearly one million jobs in Q2
OTTAWA — Statistics Canada says employers were actively seeking to fill 997,000 vacant positions in the second quarter, the highest quarterly number on record. The agency says the number of vacancies for the three-month period was up 4.
Sep 20, 2022 10:05 AM
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