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As inflation jumps to 3.3 per cent in July, economists say uptick is bad news for BoC
OTTAWA — Canada’s annual inflation rate rose to 3.3 per cent in July, as economists warn the latest consumer price index report spells bad news for the Bank of Canada. The uptick in price growth comes after inflation tumbled to 2.
Aug 15, 2023 2:28 PM
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Alberta's electricity cost surge helps drive inflation even as energy prices drop
Statistics Canada says a spike in the amount Albertans paid for electricity last month counteracted an overall decline in energy prices in July — and was one of the key reasons cited by the agency as the overall inflation rate ticked up.
Aug 15, 2023 2:18 PM
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Netflix launches gaming test for televisions and computers in Canada
TORONTO — Netflix says it has begun an experiment allowing some Canadians to play its games on their televisions and computers.
Aug 15, 2023 11:46 AM
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Stock market today: Wall Street falls with markets worldwide after weak economic data from China
NEW YORK (AP) — Stocks worldwide are falling Tuesday as China’s faltering recovery raises worries for the rest of the global economy. The S&P 500 sank 0.
Aug 15, 2023 11:46 AM
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Texas sues Shell over May fire at Houston-area petrochemical plant
AUSTIN, Texas (AP) — Texas is suing Shell and is seeking more than $1 million, alleging a fire at the oil giant's Houston-area petrochemical plant damaged the environment.
Aug 15, 2023 11:18 AM
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July home sales see largest annual rise in two years: CREA
July home sales saw the largest year-over-year increase in more than two years, but were little changed from June, the Canadian Real Estate Association said Tuesday. On a non-seasonally adjusted basis, sales edged up 8.
Aug 15, 2023 11:06 AM
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Statistics Canada reports manufacturing sales down 1.7 per cent in June
OTTAWA — Statistics Canada 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.
Aug 15, 2023 11:00 AM
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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.
Aug 15, 2023 10:19 AM
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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.
Aug 15, 2023 10:04 AM
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Here's a list of July inflation rates for selected Canadian cities
OTTAWA — Canada's annual inflation rate was 3.3 per cent in July, Statistics Canada says.
Aug 15, 2023 8:59 AM
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