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Threat of US credit downgrade looms over debt ceiling talks

Threat of US credit downgrade looms over debt ceiling talks

WASHINGTON (AP) — With one of three major rating agencies warning that America’s AAA credit is at risk, the stakes are growing in the standoff in Washington over raising the nation's debt limit.
Virgin Galactic completes final test flight before launching paying customers to space

Virgin Galactic completes final test flight before launching paying customers to space

ALBUQUERQUE, N.M (AP) — Virgin Galactic completed what's expected to be its final test flight Thursday before taking paying customers on brief trips to space.
More Americans apply for jobless benefits but labor market remains tight

More Americans apply for jobless benefits but labor market remains tight

U.S. applications for jobless claims rose slightly last week but remain at healthy levels with companies reticent to let go of employees in a tight labor market.
Canadian residential mortgage debt hits $2.08 trillion: CMHC

Canadian residential mortgage debt hits $2.08 trillion: CMHC

OTTAWA — Canada Mortgage and Housing Corp. says the country's total residential mortgage debt was $2.08 trillion as of January this year, up six per cent from January 2022.
Supreme Court limits federal power over wetlands, boosts property rights over clean water

Supreme Court limits federal power over wetlands, boosts property rights over clean water

WASHINGTON (AP) — The Supreme Court on Thursday made it harder for the federal government to police water pollution in a decision that strips protections from wetlands that are isolated from larger bodies of water.
11% of Cdns invest in real estate and that total is set to grow: Royal LePage

11% of Cdns invest in real estate and that total is set to grow: Royal LePage

TORONTO — A new survey shows more than one in 10 Canadians own an investment property — and their ranks are expected to grow over the next five years.
US economic growth for last quarter is revised up to a still-tepid 1.3% annual rate

US economic growth for last quarter is revised up to a still-tepid 1.3% annual rate

WASHINGTON (AP) — The U.S. economy grew at a lackluster 1.3% annual rate from January through March as businesses wary of an economic slowdown trimmed their inventories, the government said Thursday in a slight upgrade from its initial estimate.
RBC reports Q2 profit down as loan-loss provisions rise, raises quarterly dividend

RBC reports Q2 profit down as loan-loss provisions rise, raises quarterly dividend

TORONTO — Royal Bank of Canada raised its dividend as it reported its second-quarter profit fell compared with a year ago and the amount of money it set aside for bad loans rose. The bank says it will now pay a quarterly dividend of $1.
CIBC reports $1.69B second-quarter profit, raises dividend

CIBC reports $1.69B second-quarter profit, raises dividend

TORONTO — CIBC raised its quarterly dividend as it reported a second-quarter profit of $1.69 billion. The bank said Thursday it will now pay a quarterly dividend of 87 cents per share, up from 85 cents.
Hong Kong-flagged vessel briefly runs aground in Egypt's vital Suez Canal, later refloated

Hong Kong-flagged vessel briefly runs aground in Egypt's vital Suez Canal, later refloated

CAIRO (AP) — A Hong Kong-flagged ship briefly ran aground Thursday in Egypt's vital Suez Canal, though authorities said they were able to refloat it after it momentarily disrupted the waterway.