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Ontario records surplus in last fiscal year and a drop in education spending

Ontario records surplus in last fiscal year and a drop in education spending

TORONTO — Ontario ended the last fiscal year with a $2.1-billion surplus – a far cry from the $33-billion deficit projected in the budget – thanks to inflation and stronger economic growth, officials said Friday.
Nunavut review board recommends temporary production increase for iron ore mine

Nunavut review board recommends temporary production increase for iron ore mine

POND INLET, Nunavut — An environmental assessment agency in Nunavut has recommended that an iron ore mine on the northern tip of Baffin Island be allowed to increase its production by roughly two million tonnes this year, staving off expected job los
Temporary EI measures set to expire with no timeline for program reform

Temporary EI measures set to expire with no timeline for program reform

OTTAWA — Workers applying for employment insurance benefits will have to qualify based on pre-pandemic rules starting Sunday, when temporary measures are set to expire.
Statistics sa¹ú¼Ê´«Ã½ says retail sales fell 2.5% to $61.3 billion in July

Statistics sa¹ú¼Ê´«Ã½ says retail sales fell 2.5% to $61.3 billion in July

OTTAWA — Retail sales fell 2.5 per cent to $61.3 billion in July, the first drop in seven months as sales at gasoline stations and clothing and clothing accessories stores decreased, Statistics sa¹ú¼Ê´«Ã½ said Friday. The drop was deeper than the 2.
July travel on an upward trend, but is still a fraction of pre-pandemic levels

July travel on an upward trend, but is still a fraction of pre-pandemic levels

OTTAWA — Statistics sa¹ú¼Ê´«Ã½ says the number of sa¹ú¼Ê´«Ã½'s international arrivals increased in July but has yet to recover to pre-pandemic levels. The agency says the number of trips by U.S. residents in July was 2.
Federal government posts $6.3B surplus for April-to-July period

Federal government posts $6.3B surplus for April-to-July period

OTTAWA — The federal government posted a surplus of $6.3 billion for the first four months of its 2022-23 fiscal year. The Finance Department says the result for the April-to-July period compared with deficit of $47.
Glencore raises stake in Yamana's Mara project with deal for Newmont's interest

Glencore raises stake in Yamana's Mara project with deal for Newmont's interest

TORONTO — Glencore International AG is increasing its stake in Yamana Gold Inc.'s Mara project with a deal to buy Newmont Corp.'s 18.75 per cent interest. Yamana will remain the Mara joint venture operator with a 56.
Dye & Durham walks away from proposed deal to buy Australian company Link Group

Dye & Durham walks away from proposed deal to buy Australian company Link Group

TORONTO — Dye & Durham Ltd. says it has called off its proposed acquisition of Australian company Link Administration Holdings Ltd.
UK slashes personal, corporate taxes in bid to spur growth

UK slashes personal, corporate taxes in bid to spur growth

LONDON (AP) — Britain’s new government on Friday announced a sweeping plan of tax cuts it said would be funded by borrowing and revenues generated by anticipated growth, as part of contentious moves to combat the cost-of-living crisis and bolster a f
Hong Kong to end mandatory hotel quarantine for travelers

Hong Kong to end mandatory hotel quarantine for travelers

HONG KONG (AP) — Hong Kong’s leader announced the city would no longer require incoming travelers to quarantine in designated hotels as the city seeks to open up globally after nearly two years.