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Pot sector wants packaging changes, financial relief from Cannabis Act review

Pot sector wants packaging changes, financial relief from Cannabis Act review

TORONTO — Canada’s cannabis industry is hoping a newly launched review of the legislation that paved the way for the recreational use and sale of pot will help the sector stave off more financial difficulties.
New taxes on banks and life insurers will generate $5.3 billion over five years: PBO

New taxes on banks and life insurers will generate $5.3 billion over five years: PBO

OTTAWA — Proposed new federal taxes on some financial institutions could generate $5.3 billion over the next five years, the parliamentary budget officer estimated in two new reports issued Thursday.
Prada, Max Mara back to pre-pandemic splendor in Milan

Prada, Max Mara back to pre-pandemic splendor in Milan

MILAN (AP) — Pre-pandemic fashion delirium is back.
Hydro One to offer First Nations chance to invest in transmission projects

Hydro One to offer First Nations chance to invest in transmission projects

TORONTO — Hydro One is offering First Nations a chance to invest in a 50 per cent equity stake in new capital transmission line projects worth more than $100 million.
Bank of England hikes rates but avoids more aggressive step

Bank of England hikes rates but avoids more aggressive step

LONDON (AP) — Britain’s central bank raised its key interest rate Thursday by another half-percentage point to the highest level in 14 years, but it avoided more aggressive steps to tame inflation taken by the U.S.
Do your research before starting to shop for a new car as market remains tight

Do your research before starting to shop for a new car as market remains tight

OTTAWA — Buying a new car can be an exciting but stressful exercise in the best of times, but right now supply shortages and soaring prices for used vehicles have made buying a new set of wheels harder than ever.
Stelco offers to buy back up to nearly half of its shares for $35 per share

Stelco offers to buy back up to nearly half of its shares for $35 per share

HAMILTON — Stelco Holdings Inc. is offering to buy back nearly half of its outstanding shares at a price of $35 per share. Under the substantial issuer bid, the company says it is looking to buy up to 30 million shares or 47.
General Motors invests in Lithion, signs strategic partnership agreement

General Motors invests in Lithion, signs strategic partnership agreement

MONTREAL — General Motors Co. is investing in Quebec battery recycling company Lithion Recycling Inc. Terms of the investment by GM Ventures in the company's series-A financing round were not immediately available.
More Americans apply for jobless aid last week

More Americans apply for jobless aid last week

WASHINGTON (AP) — The number of Americans filing for jobless benefits rose slightly last week with the Federal Reserve pushing hard to cool the economy and tamp down inflation. Applications for unemployment benefits for the week ending Sept.
Swiss central bank enacts biggest-ever hike to key rate

Swiss central bank enacts biggest-ever hike to key rate

GENEVA (AP) — Switzerland’s central bank carried out the biggest hike ever to its key interest rate Thursday, following the U.S. Federal Reserve and other central banks around the world in aggressive moves to clamp down on inflation.