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Transat CEO says travel demand nearly on par with 2019 despite higher prices

Transat CEO says travel demand nearly on par with 2019 despite higher prices

MONTREAL — The head of Transat AT Inc. says travel demand is poised to reach heights comparable with 2019, even as higher airfares and the threat of recession risk dampening customers' enthusiasm.
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WSP CEO 'absolutely' sees company in same league as McKinsey as growth spree persists

WSP CEO 'absolutely' sees company in same league as McKinsey as growth spree persists

MONTREAL — The head of WSP Global Inc. says it aims to keep growing apace following the latest spate of acquisitions, as he looks to vault it into the same competitive arena as the world's largest professional services firms.
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Deepening worries about high rates send Wall Street lower

Deepening worries about high rates send Wall Street lower

NEW YORK (AP) — Stocks sank broadly on Wall Street, worsening their losses for the week, as markets remain anxious about the prospect of more aggressive action by the Federal Reserve to fight inflation with higher interest rates.
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As Fed looks to hike interest rates higher, Rogers says BoC can carve its own path

As Fed looks to hike interest rates higher, Rogers says BoC can carve its own path

OTTAWA — Canada faces its own set of economic challenges and its central bank is setting interest rates accordingly, Carolyn Rogers said as the Bank of Canada and U.S. Federal Reserve appear to be charting different paths.
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Credit card debt up 15 per cent in Q4, younger Canadians feel hardest pinch: Equifax

Credit card debt up 15 per cent in Q4, younger Canadians feel hardest pinch: Equifax

TORONTO — Canadian credit card debt soared in the last three months of 2022 amid rising interest rates and stubbornly high inflation with younger Canadians in particular relying on credit to make ends meet.
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Ex-Goldman Sachs banker gets 10 year sentence for fraud

Ex-Goldman Sachs banker gets 10 year sentence for fraud

NEW YORK (AP) — A former Goldman Sachs banker was sentenced Thursday to 10 years in prison for his role in looting a Malaysian development fund of billions of dollars used to finance lavish parties, a superyacht, premium real estate and even the 2013
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Former Ohio House speaker convicted in $60M bribery scheme

Former Ohio House speaker convicted in $60M bribery scheme

COLUMBUS, Ohio (AP) — Former state House Speaker Larry Householder and former Ohio Republican Party Chair Matt Borges were convicted Thursday in a $60 million bribery scheme that federal prosecutors have called the largest corruption case in state hi
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Canadians making fewer trips to the grocery store as inflation pinches: RBC report

Canadians making fewer trips to the grocery store as inflation pinches: RBC report

TORONTO — Canadians are on average making fewer grocery store runs as food inflation persists, but still spending roughly the same amount per trip, according to a report Thursday by RBC.
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Purolator commits $1B to electrify Canadian delivery vehicle fleet by 2030

Purolator commits $1B to electrify Canadian delivery vehicle fleet by 2030

TORONTO — Purolator plans to electrify its Canadian fleet network by 2030 through a $1 billion commitment to purchase more than 3,500 electric delivery vehicles.
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Here's what Biden's budget would mean - if it had a chance

Here's what Biden's budget would mean - if it had a chance

WASHINGTON (AP) — With Republicans in control of the House, there's no chance that President Joe Biden's new budget plan will become law as it stands.
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