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North American stock markets rise on optimism fuelled by strong U.S. retail sales

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.
Experts say B.C. rainstorms highlight need to protect homes from rising threats

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.
Labour market uncertainty poses challenge to inflation tracking, BoC deputy says

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.
Defying inflation, Americans ramped up spending last month

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.
New Brunswick fiscal update projects $89.1-million surplus due to higher revenues

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.
Avoiding your finances? Here's how to regain control and take the fear out of debt

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.
Canadian store Le Château unveils holiday dress collection ahead of spring relaunch

Canadian store Le Château unveils holiday dress collection ahead of spring relaunch

In its heyday, Le Château had nine stores along a roughly three-kilometre stretch of Ste-Catherine Street in Montreal. The Canadian retailer was a staple of nearly every mall and shopping district in the country, with 240 locations at its peak.
US industrial production rebounded 1.6% in October

US industrial production rebounded 1.6% in October

WASHINGTON (AP) — U.S. industrial production rebounded in October as automakers, stung by supply chain problems, posted strong increases and the adverse effects from a hurricane that struck the nation's energy complex in the Gulf of Mexico faded.
Canada Mortgage and Housing Corp. says pace of housing starts slowed in October

Canada Mortgage and Housing Corp. says pace of housing starts slowed in October

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in October fell compared with September.
New, Stephen Poloz-backed company aims to make home ownership more attainable

New, Stephen Poloz-backed company aims to make home ownership more attainable

TORONTO — A new company backed by a former Bank of Canada governor wants to help Canadians co-own real estate through investments valued at just 2.5 per cent of a property's value.