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Latest Canfor restructuring affects nearly 500 mill workers in northern B.C.

Latest Canfor restructuring affects nearly 500 mill workers in northern B.C.

VANCOUVER — Canfor Corporation says as many as 157 employees face layoffs in one northern British Columbia town, but the company says it's too early to estimate job losses in a second community as the forest products firm restructures its B.C.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,700.50, up 100.90 points): Suncor Energy Inc. (TSX:SU). Energy. Up $1.74, or 3.92 per cent, to $46.09 on 13.9 million shares.
S&P/TSX composite closes up along with U.S. markets after economic report

S&P/TSX composite closes up along with U.S. markets after economic report

TORONTO — Canada's main stock index made a turnaround from early losses to end up Thursday along with U.S. markets as data showed continued resilience in the U.S. economy.
As the BoC takes a pause from interest rate hikes, all eyes are on the labour market

As the BoC takes a pause from interest rate hikes, all eyes are on the labour market

OTTAWA — After a series of historic interest rate hikes, economists are left wondering whether job losses are next. High interest rates cause businesses and consumers to pull back on spending.
Rent prices grew at record pace in 2022 as Canada saw lowest vacancy rate in decades

Rent prices grew at record pace in 2022 as Canada saw lowest vacancy rate in decades

TORONTO — Rent prices in Canada grew at a record pace last year as the country saw the lowest vacancy rate since 2001, the Canada Mortgage and Housing Corp. said.
US economy slowed but still grew at 2.9% rate last quarter

US economy slowed but still grew at 2.9% rate last quarter

WASHINGTON (AP) — The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession.
Wall Street rises to hit best level in nearly eight weeks

Wall Street rises to hit best level in nearly eight weeks

NEW YORK (AP) — Stocks climbed Thursday to send Wall Street to its highest level in nearly eight weeks following reports suggesting the economy and corporate profits may be doing better than feared. The S&P 500 rose 1.
Manitoba sending second round of cheques to help with inflation

Manitoba sending second round of cheques to help with inflation

WINNIPEG — The Manitoba government is issuing a second round of cheques to help people deal with inflation in a move that critics say has more to do with boosting the governing Progressive Conservatives' chances in the next election.
Home Depot gave personal data to Meta without valid customer consent: watchdog

Home Depot gave personal data to Meta without valid customer consent: watchdog

OTTAWA — Retailer Home Depot shared details from electronic receipts with Meta, which owns the social media platform Facebook, without the knowledge or consent of customers, the federal privacy watchdog has found.
Via Rail tells MPs passengers stuck on train for 18 hours were in 'unique' situation

Via Rail tells MPs passengers stuck on train for 18 hours were in 'unique' situation

OTTAWA — The CEO of Via Rail says that after a tree fell on a passenger train as it travelled on CN Rail tracks during the holidays, it took the freight company longer than hoped to clear it — and passengers on board were stuck for 18 hours.
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