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Yellen extends to Dec. 15 date for potential debt default
WASHINGTON (AP) — Treasury Secretary Janet Yellen told Congress Tuesday that she believed she would run out of maneuvering room to avoid the nation's first-ever default soon after Dec. 15.
Nov 16, 2021 7:14 PM
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Book about Sackler family and opioid crisis wins UK prize
LONDON (AP) — A book about a wealthy American family whose actions helped unleash the United States’ opioid epidemic — described by its author as a “story of hubris” — won Britain’s leading nonfiction book prize Tuesday.
Nov 16, 2021 7:00 PM
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New ultra-low-cost carrier, Lynx Air, will launch from Calgary
CALGARY — A new Canadian airline announced its planned launch Tuesday, joining an increasingly crowded field of carriers jockeying for budget-minded travellers as the country emerges from the COVID-19 pandemic.
Nov 16, 2021 6:03 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,717.16, up 34.08 points.) Enbridge Inc. (TSX:ENB). Energy. Up seven cents, or 0.14 per cent, to $50.66 on 14.9 million shares.
Nov 16, 2021 5:39 PM
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North American stock markets rise on optimism fuelled by strong U.S. retail sales
TORONTO — North American stock markets rose on optimism fuelled by strong U.S. retail sales numbers that suggest consumers aren't deterred by high inflation. October sales beat expectations as they rose 1.7 per cent, compared with a 0.
Nov 16, 2021 5:16 PM
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Experts say B.C. rainstorms highlight need to protect homes from rising threats
Record rainfall in British Columbia has flooded communities and washed away roads in what experts say is part of an increasingly costly trend that both homeowners and renters need to better prepare for. "Effectively what we’re seeing in B.C.
Nov 16, 2021 5:10 PM
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Labour market uncertainty poses challenge to inflation tracking, BoC deputy says
OTTAWA — A senior Bank of Canada official says the pandemic has made assessing job market conditions and inflationary pressures more difficult, creating further uncertainty around when inflation will return to its two per cent target.
Nov 16, 2021 2:17 PM
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Defying inflation, Americans ramped up spending last month
WASHINGTON (AP) — Many Americans have taken a darker view of the economy as inflation has worsened. Yet so far, they appear no less willing to spend freely at retailers — an encouraging sign for the crucial holiday shopping season.
Nov 16, 2021 1:09 PM
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New Brunswick fiscal update projects $89.1-million surplus due to higher revenues
FREDERICTON — New Brunswick's government is projecting that the fiscal 2021-22 year will end in a $89.1-million surplus instead of the $244.8-million deficit that had been estimated in the last budget.
Nov 16, 2021 11:58 AM
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Avoiding your finances? Here's how to regain control and take the fear out of debt
TORONTO — Jenna Young began avoiding her finances after graduating with student debt from her law degree in 2015.
Nov 16, 2021 10:38 AM
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