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Suncor's revised focus on oil production proof of need for emissions cap: Guilbeault

Suncor's revised focus on oil production proof of need for emissions cap: Guilbeault

OTTAWA — Recent statements by the CEO of a major oilsands company further the case for federal regulations to cap greenhouse-gas emissions in the oil and gas sector, Environment Minister Steven Guilbeault said.
Metro and Unifor return to bargaining table after court restricts union pickets

Metro and Unifor return to bargaining table after court restricts union pickets

TORONTO — Metro and Unifor have returned to the bargaining table a month after thousands of the grocer's employees went on strike across Toronto, the union said.
Scotiabank loan growth slows on cautious approach, deposit focus

Scotiabank loan growth slows on cautious approach, deposit focus

TORONTO — Scotiabank's loan growth slowed last quarter as the bank took a more cautious approach to lending amid heightened strain on borrowers from higher interest rates.
Ottawa eyes relaxing rules for imported baby formula, as costs soar after shortage

Ottawa eyes relaxing rules for imported baby formula, as costs soar after shortage

OTTAWA — The federal government is looking for ways to bring more infant formula products to sa¹ú¼Ê´«Ã½ while it overhauls regulations to prevent future shortages, an internal memo shows.
BMO earnings hit by severance, legal costs as it focuses on containing expenses

BMO earnings hit by severance, legal costs as it focuses on containing expenses

TORONTO — BMO Financial Group's third-quarter profit took a hit in part from severance costs and rising provisions for bad loans as the bank prepares for an extended stretch of economic strain.
Canadians turn to credit cards as many face payment shock: TransUnion report

Canadians turn to credit cards as many face payment shock: TransUnion report

TORONTO — A new TransUnion report shows a consistent rise in borrowing among Canadians in the second quarter as they contend with the higher cost of living.
Job vacancies, quits plunge in July in stark sign of cooling trend in the US labor market

Job vacancies, quits plunge in July in stark sign of cooling trend in the US labor market

WASHINGTON (AP) — Businesses posted far fewer open jobs in July and the number of Americans quitting their jobs fell sharply for the second straight month, clear signs that the labor market is cooling in a way that could reduce inflation.
Gap in financial literacy causes disconnect in managing debt, budget: survey

Gap in financial literacy causes disconnect in managing debt, budget: survey

TORONTO — Some Canadians may be overestimating their ability to manage their finances and pay off their debt, a survey by Chartered Professional Accountants of sa¹ú¼Ê´«Ã½ shows.
Best Buy and the reluctant shopper. Sales fall as Americans pull back on spending

Best Buy and the reluctant shopper. Sales fall as Americans pull back on spending

NEW YORK (AP) — Best Buy sales and profits slid in the second quarter as the nation's largest consumer electronics chain continues to wrestle with a pullback in spending on gadgets after Americans splurged during the pandemic.
High Liner Foods chief executive Rod Hepponstall stepping down

High Liner Foods chief executive Rod Hepponstall stepping down

LUNENBURG, N.S. — High Liner Foods Inc. says chief executive Rod Hepponstall is stepping down. The company says its board has accepted Hepponstall's resignation, effective on or before Jan. 2, 2024.