business news this week

Inflation: Which foods are the most expensive in Canada?

Grocery prices continue to be one of the largest contributors to high inflation in Canada. The Consumer Price Index (CPI) report for June showed an inflation rate of 2.8 per cent year-over-year, following a 3.4 per cent increase in May 2023. While this decrease was positive, Statistics Canada said it was “fairly broad-based.” “Canadians continued […]

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The Bank of Canada is expected to raise interest rates once more, cap at 5%

Article content The Bank of Canada will raise borrowing costs by another 25 basis points in coming months before capping its tightening cycle, economists said. Article content Canada’s central bank will increase its key overnight rate to five per cent in the third quarter, according to a monthly Bloomberg survey of 25 economists. That would

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Tucker Carlson leaves Fox News days after Dominion lawsuit settlement

April 24 (Reuters) – Fox News Media and its top-rated host Tucker Carlson have agreed to part ways, less than a week after parent company Fox Corp (FOXA.O) settled for $787.5 million a defamation lawsuit in which Carlson played a starring role roles. The outspoken Carlson embraced conservative issues and delivered his views with a

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Bank regulator action on climate change ‘overdue and now urgent’ – Business News

Climate action ‘over due’ The Canadian Press – Apr 21, 2023 / 6:13 am | Stories: 422543 Photo: The Canadian Press Canada’s environment commissioner says action by the federal banking regulator on climate change is overdue and now urgent. Commissioner Jerry DeMarco said in an audit released Thursday that it’s encouraging that the Office of

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Business confidence in Pakistan at record low

Karachi, April 8 (IANS) Business confidence in Pakistan continued to slide in the first three months of 2023 amid multiple economic crises, according to the latest edition of the Gallup Business Confidence Index. “Last year’s political instability has carried over to combine with various economic crises and exacerbated business insecurity,” Dawn news quoted the survey

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Pornhub owner MindGeek purchased by private equity firm – Business News

Pornhub owner purchased The Canadian Press – March 16, 2023 / 12:47 pm | Stories: 416472 Photo: The Canadian Press The Pornhub website is shown on a computer screen in Toronto on Wednesday, Dec. 16, 2020. PornHub parent company MindGeek is being acquired by private equity firm Ethical Capital Partners.THE CANADIAN PRESS Private equity firm

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Consumer interest in foods’ mental health benefits growing

CHICAGO — Consumers have become increasingly focused on the role food plays in their mental and physical health, according to new research from The NPD Group. The market research firm said consumers initially grew to care more about their overall health and wellness as a result of the pandemic, with food’s effect on health garnering

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