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Wall Street closes higher, adding to gains after big rally

Wall Street closes higher, adding to gains after big rally

NEW YORK — Wall Street tacked more onto its big gains from a day earlier Wednesday, as more profit reports roll in from U.S. companies. The S&P 500 rose 0.6%, a day after soaring 2.8% for its best day in weeks. The Nasdaq led the market with a 1.
Election of unpopular Sri Lankan PM invites more turmoil

Election of unpopular Sri Lankan PM invites more turmoil

COLOMBO, Sri Lanka (AP) — Sri Lankan lawmakers on Wednesday elected the unpopular prime minister as their new president, a choice that risked reigniting turmoil in the South Asian nation reeling from economic collapse and months of round-the-clock pr
Inflation may have peaked in June as gas prices soared: economists

Inflation may have peaked in June as gas prices soared: economists

OTTAWA — Economists are predicting Canada's inflation rate may have peaked in June as soaring gas prices pushed the cost of living up 8.1 per cent compared with a year ago, its hottest pace in nearly 40 years.
BMO buying Calgary-based emissions reduction advisor Radicle Group Inc.

BMO buying Calgary-based emissions reduction advisor Radicle Group Inc.

TORONTO — BMO Financial Group says it has struck a deal to buy Radicle Group Inc. for an undisclosed sum as it looks to expand its emission reduction advisory services.
Joseph Papa stepping down from Bausch + Lomb, will remain CEO until successor found

Joseph Papa stepping down from Bausch + Lomb, will remain CEO until successor found

VAUGHAN, Ont. — Bausch + Lomb Corp. says Joseph Papa is stepping down as chief executive and chair of its board of directors. The eye health company says Thomas Ross Sr.
US home sales fell in June as prices reach new heights

US home sales fell in June as prices reach new heights

Sales of previously occupied U.S. homes slowed for the fifth consecutive month in June as higher mortgage rates and rising prices kept many home hunters on the sidelines. Existing home sales fell 5.
EU draws up energy plan in case of Russian gas cutoff

EU draws up energy plan in case of Russian gas cutoff

BRUSSELS (AP) — The European Union’s head office on Wednesday proposed that member states cut their gas use by 15% over the coming months as the bloc braced for a possible full Russian cutoff of natural gas supplies that could add a big chill to the
'Surviving just by the skin of my teeth': Students face high inflation for first time

'Surviving just by the skin of my teeth': Students face high inflation for first time

TORONTO — When Hannah Sullivan Facknitz surveys their apartment, inflation looms in every corner.
Here's a list of June inflation rates for select Canadian cities

Here's a list of June inflation rates for select Canadian cities

OTTAWA — Canada's national annual inflation rate was 8.1 per cent in June, Statistics Canada says.
Here's a list of June inflation rates for Canadian provinces

Here's a list of June inflation rates for Canadian provinces

OTTAWA — Canada's national annual inflation rate was 8.1 per cent in June, Statistics Canada says. Here's what happened in the provinces (previous month in brackets): — Newfoundland and Labrador: 8.2 per cent (8.0) — Prince Edward Island: 10.
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