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Financial system has to adjust to higher interest rates, Macklem says

Financial system has to adjust to higher interest rates, Macklem says

OTTAWA — Bank of Canada governor Tiff Macklem says the financial system has to adjust to higher interest rates, just like the rest of the economy. Macklem addressed the recent banking stress that was set off in the U.S.
In Newfoundland, 'commissioning' of troubled hydro dam met with skepticism, unease

In Newfoundland, 'commissioning' of troubled hydro dam met with skepticism, unease

ST. JOHN'S, N.L. — Though Muskrat Falls has weighed heavily on Newfoundland and Labrador's finances and residents' morale, reaction was surprisingly muted to an announcement this week that the project is finally considered to be in working order.
'Quiet luxury': No flash, no logos, but big-time style

'Quiet luxury': No flash, no logos, but big-time style

NEW YORK (AP) — They're the biggest of brands. But with no logos. And that's the whole point. Call it stealth wealth, or quiet luxury.
Statistics Canada says manufacturing sales down 3.6% in February

Statistics Canada says manufacturing sales down 3.6% in February

OTTAWA — Statistics Canada says manufacturing sales fell 3.6 per cent to $71.5 billion in February, as sales of petroleum and coal products helped lead the drop. The agency says the decline followed a revised 4.5 per cent increase in January.
'A reflection:' Stampede tarp auction an indicator of Alberta's booming economy

'A reflection:' Stampede tarp auction an indicator of Alberta's booming economy

CALGARY — The amount of money that was flowing freely at the annual Calgary Stampede canvas auction Thursday night was just the sort of gusher that Alberta's oil and gas industry likes to see.
Average home price to end the year 4.8% lower than 2022, will rise 4.7% in 2024: CREA

Average home price to end the year 4.8% lower than 2022, will rise 4.7% in 2024: CREA

The Canadian Real Estate Association expects the average price of a home to end the year 4.8 per cent lower than 2022, but says prices will rise by roughly the same amount in 2024.
Reitmans sees sales rise, earnings decline in fourth quarter and fiscal year

Reitmans sees sales rise, earnings decline in fourth quarter and fiscal year

MONTREAL — Reitmans (Canada) Ltd. says it saw sales rise in its fourth quarter and full fiscal year, while net earnings were down. The Montreal-based retailer says sales for the fourth quarter of fiscal 2023 increased by 11.4 per cent to $211.
Tech consultant charged in killing of Cash App founder Lee

Tech consultant charged in killing of Cash App founder Lee

SAN FRANCISCO (AP) — A tech consultant was arrested and charged with murder Thursday in the stabbing death of the gregarious and popular Cash App founder Bob Lee last week in downtown San Francisco, authorities said.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,564.49, up 110.17): Copper Mountain Mining Corp. (TSX:CMMC). Materials. Up 41 cents, or 18.14 per cent, to $2.67 on 10.
Experience Regina no more: rebranding of tourism agency walked back

Experience Regina no more: rebranding of tourism agency walked back

REGINA — The rebranding of the tourism agency of Saskatchewan's capital city is being walked back as an independent review is set to examine what happened before the campaign rollout drew intense criticism.