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Statistics Canada updates CPI basket weights based on 2021 spending patterns

Statistics Canada updates CPI basket weights based on 2021 spending patterns

OTTAWA — Statistics Canada has updated the basket of goods it uses to calculate its consumer price index and inflation.
European Central Bank vows backstop against market turmoil

European Central Bank vows backstop against market turmoil

A European Central Bank poised to raise interest rates for the first time in 11 years vowed Wednesday to create an unspecified market backstop that could buffer member countries against financial turmoil like that seen during a debt crisis more than
Price of Kinross deal to sell Russian assets cut after authorities cap price

Price of Kinross deal to sell Russian assets cut after authorities cap price

TORONTO — Kinross Gold Corp. says it has completed the sale of its Russian assets to the Highland Gold Mining group of companies for US$340 million, half of what it had negotiated earlier, after Russian authorities capped the price.
CMHC reports annual pace of housing starts up in May

CMHC reports annual pace of housing starts up in May

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in May was up eight per cent compared with April.
Mary Brown's Chicken buying Ontario burrito chain

Mary Brown's Chicken buying Ontario burrito chain

MARKHAM, ONT. — The parent company of Mary Brown's Chicken has signed an agreement to acquire Fat Bastard Burrito Co. Financial terms of the deal were not immediately available.
IPL fetches staggering media rights for over $6 billion

IPL fetches staggering media rights for over $6 billion

NEW DELHI (AP) — U.S.
Yellowstone flooding forces 10,000 to leave national park

Yellowstone flooding forces 10,000 to leave national park

RED LODGE, Mont.
UK cancels first flight to deport asylum seekers to Rwanda

UK cancels first flight to deport asylum seekers to Rwanda

LONDON (AP) — Britain canceled a flight that was scheduled to deport asylum seekers to Rwanda late Tuesday after the European Court of Human Rights intervened, saying the plan carried “a real risk of irreversible harm.
Algoma Steel paying first dividend as Q4 contributes to record fiscal-year results

Algoma Steel paying first dividend as Q4 contributes to record fiscal-year results

SAULT STE. MARIE, Ont. — Algoma Steel Group Inc. is paying its first quarterly dividend as it reported that revenues surged 48 per cent in its latest quarter to propel the company to record results for its fiscal year. The Sault Ste. Marie, Ont.
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 Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,548.51, down 194.05 points.) Canadian Natural Resources (TSX:CNQ). Energy. Down 92 cents, or 1.2 per cent, to $78.48 on 17.
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