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Wholesale price inflation accelerated in August from historically slow pace

Wholesale price inflation accelerated in August from historically slow pace

WASHINGTON (AP) — U.S. wholesale prices increases accelerated in August, a sign that inflation remains stubbornly persistent despite a series of sharp interest rate hikes by the Federal Reserve.
Applications for US jobless benefits tick up slightly

Applications for US jobless benefits tick up slightly

The number of Americans applying for unemployment benefits last week ticked up modestly after falling to the lowest level in seven months the week before, as companies continue to retain employees despite the Federal Reserve's efforts to cool the eco
Credit card debt hit all-time high in Q2 as financial pressure builds: Equifax

Credit card debt hit all-time high in Q2 as financial pressure builds: Equifax

TORONTO — Equifax Canada says credit card balances hit an all-time high of $107.4 billion in the second quarter of 2023, in a sign financial stress continued to build in the face of inflation and rising interest rates.
Feds unveil first deal for new housing accelerator fund in London

Feds unveil first deal for new housing accelerator fund in London

LONDON, Ont. — The federal government is trying to channel the anger it's facing over the lack of affordable housing into a challenge for municipalities.
Leaving Google's search engine isn't easy, government witness says in antitrust case

Leaving Google's search engine isn't easy, government witness says in antitrust case

WASHINGTON (AP) — The U.S. Justice Department pressed ahead with its antitrust case against Google Wednesday, questioning a former employee of the search engine giant about deals he helped negotiate with phone companies in the 2000s.
Olymel announces closures affecting around 400 workers in Ontario and Quebec

Olymel announces closures affecting around 400 workers in Ontario and Quebec

Olymel is closing two plants in Quebec and Ontario and accelerating the closure of another facility, affecting around 400 employees as the company says it continues to deal with market challenges.
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 Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,278.94, up 55.86 points): Canopy Growth Corp. (TSX:WEED). Healthcare. Down 26 cents, or 14.29 per cent, to $1.56 on 24.
S&P/TSX composite posts small gain Wednesday, U.S. stock markets mixed

S&P/TSX composite posts small gain Wednesday, U.S. stock markets mixed

TORONTO — Canada's main stock index posted a small gain Wednesday while U.S. stock markets were mixed after the latest report on inflation south of the border showed an acceleration in August. U.S. inflation last month was 3.
Stock market today: Wall Street churns after highly anticipated inflation data

Stock market today: Wall Street churns after highly anticipated inflation data

NEW YORK (AP) — Stocks churned to a mixed close on Wall Street after a highly anticipated report showed inflation accelerated across the country last month, but not by much more than expected. The S&P 500 managed a gain of 0.
Canadian governments, charities and citizens send aid to earthquake-stricken Morocco

Canadian governments, charities and citizens send aid to earthquake-stricken Morocco

MONTREAL — Hassaan Sheikh says that as his team distributes blankets and mattresses in Moroccan villages, they are told about bodies being discovered under the rubble of homes flattened by last week's earthquake.