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Canadians facing financial pressures ahead of the Bank of Canada decision

Breadcrumb Trail Links Retirement Personal Finance News economy More Canadians likely to declare bankruptcy, saving for retirement pushed to back burner Published July 11, 2023 • Last updated 3 hours ago • 3 minute read A woman walks past the Bank of Canada headquarters in Ottawa. Photo by Adrian Wyld/The Canadian Press files Article content …

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Businesses expect slowing prices, wage increases: BoC survey – Business News

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Photo: The Canadian Press Businesses continue to expect wage and price increases to be larger than normal, but they are shifting to closer to what they were before the pandemic, a new survey by the Bank of Canada suggests. In its business outlook survey released Friday, the central bank said for the first time since …

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How student loans keep some people trapped in debt

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When Samuel Bonne received $15,000 in student grants to fund his studies, he wasn’t expecting to have to pay it back. But just two years later — in the middle of the pandemic — those grants were converted to loans. At the end of his sophomore year at the University of Toronto, the Ontario Student …

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Canadian forest fires are the latest costly climate disaster that public accounts fail to capture

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You don’t have to tell the people of Calgary and other Canadian communities breathing orange air that forest fires have a cost. And while repeated studies draw a direct line between an increase in costly forest fires and climate change, economists and accountants right up to Canada’s Parliamentary Budget Officer say the benefits of stopping …

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Angry Fox News chief said fact-checks of Trump’s election lies ‘bad for business’ | FoxNews

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The top executive at Fox News was furious one of the network’s reporters was fact-checking Donald Trump’s false claims about the 2020 election, writing in a December 2020 email that it was “bad for business”. Suzanne Scott, the chief executive of Fox News, was responding in early December 2020 to an on-air fact-check by Eric …

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WestJet pilots to launch strike authorization vote as negotiations fizzle – Business News

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Pilots to launch strike vote The Canadian Press – March 31, 2023 / 10:56 am | Stories: 418925 Photo: The Canadian Press A passenger walks past WestJet and Air Canada planes at Calgary International Airport in Calgary, Alta., Wednesday, Aug. 31, 2022. The union representing WestJet pilots says it will launch a strike authorization vote …

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McDonald’s reportedly temporarily shuts its US corporate offices ahead of layoffs

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McDonald’s Corp is temporarily closing its US offices this week as it prepares to inform corporate employees about its layoffs as part of a broader company restructuring, the Wall Street Journal reported Sunday. In an internal email last week to US employees and some international staff, McDonald’s asked them to work from home from Monday …

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Europe’s central bank hikes interest rates by 50 basis points despite bank chaos

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The European Central Bank carried through with a large interest rate increase Thursday, brushing aside predictions it might dial back as US bank collapses and troubles at Credit Suisse feeds fears about the impact of higher rates on the global banking system. The ECB hiked rates by half a percentage point Thursday, underlining its determination …

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Riggs rises to president of Hershey salty snacks business

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HERSHEY, PA. — Kristen Riggs has been promoted to president of salty snacks at Hershey Co. Ms. Riggs has been with Hershey for more than 17 years, most recently as senior vice president and chief growth officer from January 2020 to November 2022. Previously, she was vice president of innovation and strategic growth platforms. Since …

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Slideshow: New products from the Winter Fancy Food Show

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LAS VEGAS — The 2023 Winter Fancy Food Show saw more than 1,100 exhibitors showcase their newest products Jan. 15-17 in Las Vegas. The $175 billion specialty food industry homes in on consumers looking for premium products, often made in small batches. This year, the Specialty Food Association’s Trendspotter Panel predicted an interest in bold …

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