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Statistics sa¹ú¼Ê´«Ã½ reports manufacturing sales down 1.7 per cent in June

Statistics sa¹ú¼Ê´«Ã½ reports manufacturing sales down 1.7 per cent in June

OTTAWA — Statistics sa¹ú¼Ê´«Ã½ says manufacturing sales fell 1.7 per cent to $71.5 billion in June, led by a drop in sales in the petroleum and coal product, chemical and machinery subsectors.
Ontario Teachers earned 1.9% net return for first half of 2023

Ontario Teachers earned 1.9% net return for first half of 2023

TORONTO — The Ontario Teachers' Pension Plan Board says it earned a net return of 1.9 per cent for the first six months of the year. The pension fund's total net assets stood at $249.8 billion at June 30, up from $247.2 billion at Dec. 31, 2022.
Retail sales rose solidly last month in a sign that consumers are still spending freely

Retail sales rose solidly last month in a sign that consumers are still spending freely

NEW YORK (AP) — Americans increased their purchases at retailers last month – for clothing, dining out, online goods and other areas – in a sign that solid consumer spending is still powering a resilient U.S. economy.
Here's a list of July inflation rates for selected Canadian cities

Here's a list of July inflation rates for selected Canadian cities

OTTAWA — sa¹ú¼Ê´«Ã½'s annual inflation rate was 3.3 per cent in July, Statistics sa¹ú¼Ê´«Ã½ says.
Here's a list July inflation rates for Canadian provinces

Here's a list July inflation rates for Canadian provinces

OTTAWA — sa¹ú¼Ê´«Ã½'s national annual inflation rate was 3.3 per cent in July, Statistics sa¹ú¼Ê´«Ã½ says. Here's what happened in the provinces (previous month in brackets): — Newfoundland and Labrador: 2.5 per cent (1.7) — Prince Edward Island: 2.
Shawcor sells substantial part of pipeline and pipe services business for $220M

Shawcor sells substantial part of pipeline and pipe services business for $220M

TORONTO — Shawcor Ltd. has signed a deal to sell a substantial part of its pipe coating division to Tenaris S.A. for about $220 million.
Russia's central bank makes huge interest rate hike to try to prop up falling ruble

Russia's central bank makes huge interest rate hike to try to prop up falling ruble

TALLINN, Estonia (AP) — Russia’s central bank made a big interest rate hike Tuesday, an emergency move designed to fight inflation and strengthen the ruble after the country's currency reached its lowest value since early in the war with Ukraine.
Home Depot tops expectations again, but signs of spending pullback by Americans

Home Depot tops expectations again, but signs of spending pullback by Americans

ATLANTA (AP) — Home Depot topped profit and sales expectations in its most recent quarter, but sales continued to decline as inflation and soaring interest rates play a larger role in the spending choices made by Americans.
How the feds could push cities to build more homes — with a carrot or stick

How the feds could push cities to build more homes — with a carrot or stick

OTTAWA — From local zoning to community consultations, there are plenty of ways cities are hitting the brakes on residential construction, even as sa¹ú¼Ê´«Ã½ faces a significant housing shortage.
Russia's ruble hits its lowest level since early in the war. The central bank plans to step in

Russia's ruble hits its lowest level since early in the war. The central bank plans to step in

LONDON (AP) — The Russian ruble on Monday reached its lowest value since the early weeks of the war in Ukraine as Moscow increases military spending and Western sanctions weigh on its energy exports .