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Consumer debt driven by new mortgages, but credit card debt at six-year low

Consumer debt driven by new mortgages, but credit card debt at six-year low

Equifax says the debt profile of Canadians has changed throughout the pandemic, with mortgages accounting for a larger portion of people's debt. The company said Tuesday consumer debt stood at $2.08 trillion for the first quarter of 2021, up 0.
Statistics Canada says country posted $594M merchandise trade surplus for April

Statistics Canada says country posted $594M merchandise trade surplus for April

OTTAWA — Canada posted a merchandise trade surplus of $594 million in April as the global shortage of semiconductor chips hurt both imports and exports in the auto sector.
US job openings surge to record 9.3 million in April

US job openings surge to record 9.3 million in April

WASHINGTON (AP) — U.S. employers posted a record 9.3 million job openings in April with the U.S. economy reopening at break-neck speed. The number of job openings soared 12% from the 8.3 million counted in March. But employers hired just 6.

US trade deficit dips to $68.9 billion with exports up

WASHINGTON (AP) — The U.S. trade deficit narrowed in April to $68.9 billion as an improving global economy boosted sales of American exports.

World Bank sees 5.6% global growth in 2021, best since 1973

WASHINGTON (AP) — The World Bank is upgrading the outlook for global growth this year, predicting that COVID-19 vaccinations and massive government stimulus in rich countries will power the fastest worldwide expansion in nearly five decades.
Global glitch: Swaths of internet go down after cloud outage

Global glitch: Swaths of internet go down after cloud outage

LONDON (AP) — Dozens of websites briefly went offline around the globe Tuesday, including CNN, The New York Times and Britain's government home page, after an outage at the cloud service Fastly, illustrating how vital a small number of behind-the-sce

BioNTech founders contributing to book on COVID-19 vaccine

NEW YORK (AP) — The husband and wife team who helped make the first COVID-19 vaccine are contributing to a book about their efforts.
Raquel Urtasun starts Toronto self-driving company Waabi, after leaving Uber

Raquel Urtasun starts Toronto self-driving company Waabi, after leaving Uber

TORONTO — After the COVID-19 pandemic turned travel demand upside down, Uber Technologies Inc. decided to hit the brakes on its six-year-old self-driving car venture, selling it to Silicon Valley startup Aurora.
Crescent Point sells non-core southeast Saskatchewan assets for $93 million

Crescent Point sells non-core southeast Saskatchewan assets for $93 million

CALGARY — Crescent Point Energy Corp. has sold its remaining non-core southeast Saskatchewan conventional assets for $93 million.
Caisse company to own natural gas distributor Énergir after $1.14B deal with Enbridge

Caisse company to own natural gas distributor Énergir after $1.14B deal with Enbridge

MONTREAL — A company controlled by the Caisse de dépôt et placement du Québec will fully own Quebec's main natural gas distributor following a $1.14-billion purchase deal with Enbridge Inc.