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Another jump in prices tightens the squeeze on US consumers

Another jump in prices tightens the squeeze on US consumers

WASHINGTON (AP) — American consumers absorbed another surge in prices in May — a 0.6% increase over April and 5% over the past year, the biggest 12-month inflation spike since 2008.

Transat AT plans gradual resumption of operations starting July 30

Transat AT Inc. is optimistic about the upcoming winter season as the tour operator and airline aims to be a leaner company with lower operating costs after flying is slated to resume on July 30. The travel company suspended operations on Jan.
Ontario unlikely to balance budget by 2030 despite post-pandemic growth: report

Ontario unlikely to balance budget by 2030 despite post-pandemic growth: report

TORONTO — Ontario's fiscal watchdog says the province's economy will rebound over the next two years but the government is unlikely to reach its goal of a balanced budget by the start of the next decade.
Scotiabank donates $2.5 M to Windmill Microlending to help skilled immigrant women

Scotiabank donates $2.5 M to Windmill Microlending to help skilled immigrant women

TORONTO — Scotiabank says it is donating $2.5 million to Windmill Microlending to help skilled immigrant women with career mentoring and financial support.

Customer finds 7-foot gator inside Florida post office

SPRING HILL, Fla. (AP) — They say neither rain nor snow nor gloom of night will stop the U.S. Postal Service, but an alligator could get in the way.
How to tell if a call from 'CRA' is legitimate or a scam

How to tell if a call from 'CRA' is legitimate or a scam

OTTAWA — The scam is a common one: a phone call claiming to be the Canada Revenue Agency demanding an immediate payment.
ATB Financial raises outlook for economic growth in Alberta

ATB Financial raises outlook for economic growth in Alberta

CALGARY — ATB Financial is raising its outlook for economic growth in Alberta this year because of higher-than-expected oil prices, rising vaccination rates and a strong recovery in the U.S.

US unemployment claims fall to 376,000, sixth straight drop

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell for the sixth straight week as the U.S. economy reopens rapidly after being held back for months by the coronavirus pandemic.

Europe leaves stimulus running hot ahead of recovery

FRANKFURT, Germany (AP) — The European Central Bank left its key pandemic support for the economy running full blast even as the economy shows signs of recovery thanks to lower virus cases and fewer restrictions on activity in the 19 countries that u

California regulators withdraw controversial work mask rules

SACRAMENTO, Calif. (AP) — California’s workplace regulators have reversed themselves for the second time in a week. They withdrew a controversial, pending mask regulation late Wednesday.