Business
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Bank of Canada elevates key interest rate, marking the 10th hike since March 2022
The Bank of Canada has once again increased its policy interest rate, making borrowing more expensive. This marks the 10th such hike since March 2022, as the bank aims to slow economic growth and curb inflation
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Petro-Points Data Breach Exposes Members' Contact Information
Petro-Canada, a Suncor subsidiary, confirms a cybersecurity incident resulting in the unauthorized access of Petro-Points members' contact details. The breach prompts customer alerts and precautions against phishing attempts while the company works...
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Anticipated interest rate hike puts strain on homeowners' finances
Experts predict another interest rate hike in Canada, signaling financial challenges for homeowners. Learn how rising rates impact mortgage payments and find strategies to navigate the situation.
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Suncor Energy implements cost-cutting measures, slashing 1,500 jobs
Suncor Energy, led by its new CEO, Rich Kruger, announces plans to reduce costs by $400 million by the year-end, resulting in the elimination of 1,500 positions. The company aims to enhance competitiveness and streamline operations amid challenging...
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Resilient real estate: Canada's home prices rise four months straight
Canadian resale home prices have risen for the fourth consecutive month to $716,000, an increase of over $100,000 since January.
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Air Canada's impressive Q1 performance: revenue skyrockets, losses shrink
Air Canada reports remarkable Q1 results with revenue nearly doubling compared to the previous year. Strong demand and exceeded expectations contribute to a net income of $4 million, contrasting the $974 million loss in the same quarter last year....
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Crab price standoff: FFAW's final counter proposal to ASP
FFAW submits a final counter proposal to ASP for the crab fishery, setting the minimum price for the rest of the season. The future of the offshore fleet remains a concern.
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Waterloo Region's boom: record $1.8B building permits issued in 2022
Waterloo Region in Canada sees near-record $1.8 billion in new building permits in 2022, reflecting robust growth in both residential and commercial sectors, and outpacing regional growth projections.
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BC crypto firm accused of multimillion-dollar securities fraud: customers' assets diverted
The British Columbia Securities Commission (BCSC) has accused a now-defunct cryptocurrency platform, ezBtc, based in Nanaimo on Vancouver Island, of committing a multimillion-dollar securities fraud.
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Debate ignites as Canada passes landmark online streaming legislatio
In a significant development, the Canadian government has successfully passed a controversial bill, known as Bill C-11 or the Online Streaming Act, which aims to regulate online streaming services.