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US inflation highest in 40 years, with no letup in sight

US inflation highest in 40 years, with no letup in sight

WASHINGTON (AP) — Inflation soared over the past year at its highest rate in four decades, hammering American consumers, wiping out pay raises and reinforcing the Federal Reserve’s decision to begin raising borrowing rates across the economy.
Unions, employers split on 'right to disconnect' legislation: advisory committee

Unions, employers split on 'right to disconnect' legislation: advisory committee

An advisory group tasked with recommending how Canada should handle the right to disconnect after work hours was split on whether the country should adopt a legislative requirement for workplaces.
Telus CEO says 5G deployment "a marathon not a sprint"

Telus CEO says 5G deployment "a marathon not a sprint"

VANCOUVER — As Telus Corp. accelerates investments into its 5G network, CEO Darren Entwistle expects commercialization to take time while the company focuses on developing the right product services and applications.
Nevada, casinos rescind mask mandates effective immediately

Nevada, casinos rescind mask mandates effective immediately

CARSON CITY, Nev. (AP) — Nevada and its casinos have rescinded requirements for people to wear masks in public, joining most other U.S. states lifting restrictions that were imposed to limit the spread of the coronavirus. Democratic Gov.
Saputo reports Q3 profit down amid challenging market conditions, revenue up

Saputo reports Q3 profit down amid challenging market conditions, revenue up

Saputo Inc. reported its third-quarter profit fell compared with a year ago as it said it confronted challenging market conditions. The Montreal-based dairy company says it faced labour shortages, supply chain disruptions and inflationary pressures.
Bombardier poised to boost production amid frothing market for private jets

Bombardier poised to boost production amid frothing market for private jets

MONTREAL — Bombardier Inc. plans to ramp up production over the next two years amid rising demand for private planes, as the business jet manufacturer tests how far it can push capacity.
RioCan REIT will re-examine tenant mix, but says physical retail remains strong

RioCan REIT will re-examine tenant mix, but says physical retail remains strong

TORONTO — RioCan Real Estate Investment Trust is "pruning" its tenant mix to ensure malls and other retail spaces it owns are filled with resilient businesses that are best positioned to weather any further COVID-19 upheaval.
Canadians worried about rising interest rates should recalibrate spending: experts

Canadians worried about rising interest rates should recalibrate spending: experts

TORONTO — After racking up debt through years of ultralow interest rates, Canadians are being urged to modify their spending as they face the prospect of rising borrowing costs coupled with soaring inflation.
Canada Goose issues chilly forecast for 2022 as COVID-19 restricts retail sales

Canada Goose issues chilly forecast for 2022 as COVID-19 restricts retail sales

TORONTO — Canada Goose Holdings Inc. has reduced its forecast for the year as new COVID-19 variant outbreaks and restrictions send a chill over the luxury parka maker's profit and revenue expectations.
Jobless claims fall again for third straight week

Jobless claims fall again for third straight week

WASHINGTON (AP) — The number of Americans applying for unemployment benefits declined for the third straight week. Jobless claims fell by 16,000 to 223,000 last week, from 239,000 the previous week, the Labor Department reported Thursday.