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U.S. government deficit down 17% from same period a year ago

U.S. government deficit down 17% from same period a year ago

WASHINGTON (AP) — The U.S. budget deficit totaled $356.4 billion in the first two months of the budget year, down 17% from the same period a year ago thanks to a sharp jump in government revenues that offset a smaller increase in spending.
Surging inflation is forcing people and businesses to adapt

Surging inflation is forcing people and businesses to adapt

WASHINGTON (AP) — A warehouse worker in Tennessee is running up against price increases that far exceed her modest pay raise. The owner of a pastry business in Massachusetts has had to reduce his product offerings and personally absorb higher costs.
Laurentian Bank reports $102.9M Q4 loss due to one-time charges, raises dividend

Laurentian Bank reports $102.9M Q4 loss due to one-time charges, raises dividend

MONTREAL — Laurentian Bank of Canada raised its dividend Friday as it reported a fourth quarter loss related to restructuring charges, while adjusted profits showed gains from a year earlier.
Kansas City Southern shareholders approve takeover by CP Rail

Kansas City Southern shareholders approve takeover by CP Rail

CALGARY — Kansas City Southern shareholders gave a bright green light Friday to the railway's takeover by Canadian Pacific Railway Ltd. Shareholders voted 99.
2021 in Books: `Everything feels magnified'

2021 in Books: `Everything feels magnified'

NEW YORK (AP) — Books and authors mattered in 2021, sometimes more than the industry wanted. A 22-year-old poet became a literary star.
Federal banking regulator OSFI holds domestic stability buffer at 2.5%

Federal banking regulator OSFI holds domestic stability buffer at 2.5%

OTTAWA — The federal banking regulator is holding the domestic stability buffer at 2.5 per cent as it says the economy continues its recovery and Canada's largest banks remain robust.
Statistics Canada reports debt relative to household income up in Q3

Statistics Canada reports debt relative to household income up in Q3

OTTAWA — Statistics Canada says the amount Canadians owe relative to how much they are earning rose in the third quarter, pushed higher by growing mortgage debt.
Canada on track to reduce fossil fuel use by 62 per cent by 2050

Canada on track to reduce fossil fuel use by 62 per cent by 2050

CALGARY — A new forecast says Canada is on track for a significant reduction in fossil fuel use by 2050, even as electricity demand grows and demand for crude oil continues.
Lululemon Q3 profits up 30% as revenues climb despite supply-chain challenges

Lululemon Q3 profits up 30% as revenues climb despite supply-chain challenges

VANCOUVER — Lululemon Athletica Inc. says its net profits surged more than 30 per cent in its latest quarter on a strong boost in revenues despite industry supply-chain challenges. The Vancouver-based athletic clothing company, which reports in U.S.
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 (20,925.49, down 151.86 points.) Canadian Natural Resources (TSX:CNQ). Energy. Down $1.66, or three per cent, to $52.82 on 16.