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Cancelled listings, turning homes into rentals more common as housing market cools

Cancelled listings, turning homes into rentals more common as housing market cools

TORONTO — When Shannon Tebb listed her downtown Toronto loft for sale in mid-June, she did everything to make the property attractive for buyers.
Ten thousand condos to be delayed this year amid market shift: Urbanation

Ten thousand condos to be delayed this year amid market shift: Urbanation

TORONTO — Urbanation Inc. expects almost 10,000 Greater Toronto Area condo units to be delayed this year as increasing mortgage rates weigh on home sales.
Lundin Mining Corp. confirms sinkhole near its Chile operations

Lundin Mining Corp. confirms sinkhole near its Chile operations

TORONTO — Lundin Mining Corp. has confirmed that a sinkhole was detected near its Minera Ojos del Salado operations in Chile on July 30.
U.S. job openings slid to 10.7 million in June

U.S. job openings slid to 10.7 million in June

WASHINGTON (AP) — American employers posted fewer job openings in June as the economy contends with raging inflation and rising interest rates. Job openings fell to a still-high 10.7 million in June from 11.
Capital Power Corp. posts strong jump in Q2 profit, boosts financial guidance

Capital Power Corp. posts strong jump in Q2 profit, boosts financial guidance

EDMONTON — Capital Power Corp. reported a strong jump in profit in the second quarter and has increased its financial guidance for 2022.
Molson Coors Q2 profit falls amid fifth straight quarter of net sales growth

Molson Coors Q2 profit falls amid fifth straight quarter of net sales growth

MONTREAL — Molson Coors Beverage Co. saw profit fall in the second quarter as it generated net sales growth for the fifth consecutive quarter for the first time in over a decade on a constant currency basis.
Ice cream truck operator says inflation is chilling business, despite summer swelter

Ice cream truck operator says inflation is chilling business, despite summer swelter

VANCOUVER — It's been a scorching summer across much of Canada, but that is cold comfort for ice cream truck operators like Meedo Falou, who says inflation and high fuel costs are melting away his profits.
Norman says Tiger Woods turned down $700-800M Saudi offer

Norman says Tiger Woods turned down $700-800M Saudi offer

Tiger Woods turned down an offer that Greg Norman says was "somewhere in that neighborhood” of $700 million to $800 million to take part in the Saudi-funded LIV Golf series.
1st ship carrying Ukrainian grain leaves the port of Odesa

1st ship carrying Ukrainian grain leaves the port of Odesa

KYIV, Ukraine (AP) — The first ship carrying Ukrainian grain set out Monday from the port of Odesa under an internationally brokered deal to unblock the embattled country's agricultural exports and ease the growing global food crisis.
Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Holiday Monday The Toronto Stock Exchange is closed for trading Monday due to the civic holiday in Ontario. Since it is not a U.S.