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National Business
National Business
Federal Reserve minutes: Too-high inflation, still a threat, could require more rate hikes
WASHINGTON (AP) — Most Federal Reserve officials last month still regarded high inflation as an ongoing threat that could require further interest rate increases, according to the minutes of their July 25-26 meeting released Wednesday.
Aug 16, 2023 3:20 PM
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B.C.-based Carbon Engineering being bought by Occidental for US$1.1 billion
CALGARY — A Canadian company that is pioneering the use of direct air capture technology to remove carbon dioxide directly from the atmosphere has been acquired by U.S. oil company Occidental Petroleum. The US$1.1-billion deal will see Squamish, B.C.
Aug 16, 2023 2:53 PM
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Bank of Ireland glitch allowed customers to withdraw money they didn't have
NEW YORK (AP) — Some Bank of Ireland customers were able to withdraw money they did not have Tuesday and early Wednesday after an hours-long technical glitch that also halted many of the bank's online services.
Aug 16, 2023 1:52 PM
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NFI Group reports US$48.1M Q2 loss, ramping up production in second half of the year
Bus maker NFI Group Inc. plans to ramp up production after being hard-hit by supply chain issues during the pandemic, saying it could reach 2019 output levels in two years.
Aug 16, 2023 1:48 PM
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British Museum says staff member dismissed after items were found to be missing, stolen or damaged
LONDON (AP) — The British Museum said Wednesday that a member of its staff has been dismissed after items were found to be missing, stolen or damaged.
Aug 16, 2023 1:03 PM
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VinFast soars in market debut as it pushes North American expansion
TORONTO — Vietnamese electric vehicle maker VinFast Auto Ltd. has soared in its market debut as it works to expand into the North American market. The company, which merged its Canadian and U.S.
Aug 16, 2023 12:58 PM
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Quebec fund manger CDPQ earned 4.2% in first six months of 2023
MONTREAL — The Caisse de dépôt et placement du Québec says it earned a return of 4.2 per cent in the first six months of the year. CDPQ says the result compared with its benchmark portfolio's return of 4.1 per cent.
Aug 16, 2023 12:45 PM
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Target Q2 sales ebb on inflation, Pride shopper backlash and it cuts profit outlook
NEW YORK (AP) — Target's second quarter sales were hit by inflation and a negative reaction by some customers, widely publicized on social media, to its Pride merchandise .
Aug 16, 2023 9:06 AM
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Wholesale sales excluding petroleum products and oilseeds and grains down in June
OTTAWA — Statistics Canada says wholesale sales, excluding petroleum, petroleum products and other hydrocarbons and excluding oilseed and grains, fell 2.8 per cent to $80.5 billion in June.
Aug 16, 2023 9:02 AM
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CMHC says annual pace of housing starts fell 10% in July
OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in July fell 10 per cent compared with June when they posted their strongest showing so far this year.
Aug 16, 2023 8:45 AM
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