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Household debt-to-income ratio edges lower as interest payments expand
OTTAWA — Statistics Canada says the ratio of household debt to disposable income improved in the fourth quarter as gains in disposable income offset an uptick in credit market debt.
Mar 13, 2023 9:33 AM
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Canadian industry singing praises of Inflation Reduction Act as federal budget nears
CALGARY — Canadian oil and gas companies are singing from the same songbook in the lead-up to the 2023 federal budget, and its title is the Inflation Reduction Act. The U.S. legislation, signed into law by U.S.
Mar 13, 2023 8:00 AM
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Russia's economy holds up, but growing challenges test Putin
Western sanctions have hit Russian banks, wealthy individuals and technology imports.
Mar 13, 2023 2:27 AM
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Asian shares mostly sink on jitters after US bank failure
TOKYO (AP) — Asian shares mostly fell Monday, shaken by a Wall Street tumble that set off worries the biggest United States bank failure in nearly 15 years might have ripple effects around the world.
Mar 12, 2023 10:59 PM
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Canadian regulator seizes assets of Toronto branch of Silicon Valley Bank
OTTAWA — Canada’s banking regulator says it has temporarily seized assets of the Canadian branch of Silicon Valley Bank.
Mar 12, 2023 6:02 PM
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Cashback, reward apps helping Canadians save, but where is the data going?
TORONTO — When it comes to saving on groceries or trips to the mall, Nichole Schaubroeck is a pro.
Mar 12, 2023 9:10 AM
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Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: Household debt Statistics Canada will release on Monday its national balance sheet and financial flow accounts for the fourth quarter of 2022.
Mar 12, 2023 8:00 AM
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Yellen says no federal bailout for Silicon Valley Bank
WILMINGTON, Del. (AP) — Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank , but is working to help depositors who are concerned about their money .
Mar 12, 2023 7:20 AM
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Oil giant Saudi Aramco makes a historic $161B profit in 2022
DUBAI, United Arab Emirates (AP) — Oil giant Saudi Aramco reported Sunday earning $161 billion last year, claiming the highest-ever recorded annual profit by a publicly listed company and drawing immediate criticism from activists.
Mar 12, 2023 6:53 AM
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Indigo union demands more details on cyberattack, support for affected workers
TORONTO — A union representing 200 employees of Indigo Books & Music Inc. is calling on the retailer to disclose more information about the scope of its recent data breach and offer additional support to staff affected by the cyberattack.
Mar 11, 2023 12:02 PM
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