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Bank of Canada expected to jack up interest rates as inflation persists

Bank of Canada expected to jack up interest rates as inflation persists

Experts predict the Bank of Canada will likely announce another major interest rate boost Wednesday as it tries to rein in runaway inflation.
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Energy and tech stocks help lift S&P/TSX composite which is headed to positive month

Energy and tech stocks help lift S&P/TSX composite which is headed to positive month

TORONTO — A broad rally Monday led by the energy and technology sectors lifted Canada's main stock index, which is on track to end the volatile month of May in positive territory. The S&P/TSX composite index increased 170.82 points to 20,919.
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Canadian merchants eligible to claim rebates after settlement with Visa, Mastercard

Canadian merchants eligible to claim rebates after settlement with Visa, Mastercard

Businesses in Canada may be eligible to claim hundreds of dollars in credit card processing fees following a multimillion-dollar class action settlement with Visa and Mastercard.
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Brookfield Asset Management selling U.K. student housing portfolio

Brookfield Asset Management selling U.K. student housing portfolio

Brookfield Asset Management Inc. is selling its U.K.-based student housing business to Singapore sovereign wealth fund GIC Private Ltd. and U.S. property manager Greystar Real Estate Partners LLC. Brookfield got into the U.K.
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China falls short on big Pacific deal but finds smaller wins

China falls short on big Pacific deal but finds smaller wins

SUVA, Fiji (AP) — China fell short Monday on a bold plan to have 10 Pacific nations endorse a sweeping new agreement covering everything from security to fisheries as some in the region expressed deep concerns.
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'Top Gun: Maverick' wins Tom Cruise 1st $100 million opening

'Top Gun: Maverick' wins Tom Cruise 1st $100 million opening

Forget breaking the sound barrier: Tom Cruise just flew past a major career milestone. The 59-year-old superstar just got his first $100 million opening weekend with “Top Gun: Maverick.
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U.S. proposal could change the way oil companies report their carbon footprint

U.S. proposal could change the way oil companies report their carbon footprint

CALGARY — The officially disclosed carbon footprints of Canada's largest oil companies could balloon in size if tough new climate rules proposed earlier this year by a U.S. regulator come into effect. The U.S.
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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: Economic report card Statistics Canada will report its gross domestic product figures for March and the first quarter as a whole on Tuesday.
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International flight delays at Pearson airport jump by factor of 275

International flight delays at Pearson airport jump by factor of 275

The number of international flights delayed on arrival at Toronto Pearson International Airport jumped by 275 times last month compared with April 2019.
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No state charge for billionaire Sanford in child porn probe

No state charge for billionaire Sanford in child porn probe

SIOUX FALLS, S.D. (AP) — The South Dakota attorney general's office has declined to file charges against billionaire T. Denny Sanford following an investigation into possible possession of child pornography, according to court documents filed Friday.
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