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S&P/TSX composite ends down almost 200 points, U.S. stock markets also slip

S&P/TSX composite ends down almost 200 points, U.S. stock markets also slip

TORONTO — Canada's main stock index closed down almost one per cent in broad-based declines Tuesday, similar to losses in U.S. stock markets a day ahead of the U.S. Federal Reserve's latest rate decision.
Spotify launches audiobook store with some 300,000 titles

Spotify launches audiobook store with some 300,000 titles

NEW YORK (AP) — The expanding audio books market has a major new retailer: Spotify.
Inflation is cooling, but the Bank of Canada isn't done its fight: economists

Inflation is cooling, but the Bank of Canada isn't done its fight: economists

OTTAWA — Inflation in Canada is cooling faster than expected, but economists don't expect the Bank of Canada to back down from its fight just yet. The annual inflation rate slowed to 7.
Grocery prices in Canada continue meteoric ascent, rising at fastest pace since 1981

Grocery prices in Canada continue meteoric ascent, rising at fastest pace since 1981

Shea McInnis used to love cooking. But higher prices have reduced the PhD student to basic meal planning on a shoestring budget.
Stocks close lower ahead of Fed decision on interest rates

Stocks close lower ahead of Fed decision on interest rates

TOKYO — Stocks closed lower on Wall Street ahead of a key decision on interest rates by the Federal Reserve. The S&P 500 fell 1.1% Tuesday. The Nasdaq composite and the Dow Jones Industrial Average also lost ground.
Germany close to deal on nationalizing gas company Uniper

Germany close to deal on nationalizing gas company Uniper

BERLIN (AP) — Natural gas supplier Uniper said Tuesday that it’s in “final discussions” for Germany to nationalize the company, ramping up the government’s intervention in the gas and oil industry as Russia's war in Ukraine provokes an energy crisis
Feds: Minnesota food scheme stole $250M; 47 people charged

Feds: Minnesota food scheme stole $250M; 47 people charged

MINNEAPOLIS (AP) — Federal authorities charged 47 people in Minnesota with conspiracy and other counts on Tuesday in what they said was a massive scheme that took advantage of the COVID-19 pandemic to steal $250 million from a federal program that pr
Financial pressure mounting for working Canadians, a new study shows

Financial pressure mounting for working Canadians, a new study shows

TORONTO — A new study has found that the financial well-being of working Canadians has declined in the past year, with distress growing for those who are financially struggling the most.
Canadian employers sought to fill nearly one million jobs in Q2

Canadian employers sought to fill nearly one million jobs in Q2

OTTAWA — Statistics Canada says employers were actively seeking to fill 997,000 vacant positions in the second quarter, the highest quarterly number on record. The agency says the number of vacancies for the three-month period was up 4.
Consumers could see higher car insurance premiums. Here’s how to lower yours

Consumers could see higher car insurance premiums. Here’s how to lower yours

Drivers may be in for some sticker shock when it comes time to renew their auto insurance.
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