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RBC reports $3.9Bn profit, says ramping up job cuts ahead of economic slowdown

RBC reports $3.9Bn profit, says ramping up job cuts ahead of economic slowdown

TORONTO — Royal Bank of Canada is ramping up job cuts as it works to reduce costs ahead of an expected economic slowdown.
Nova Scotia floods caused $170M in insured damages, estimate shows

Nova Scotia floods caused $170M in insured damages, estimate shows

Historic flooding in Nova Scotia last month caused more than $170 million in insured damages, an initial estimate from Catastrophe Indices and Quantification Inc. shows.
'Cash stuffing' offers path to savings with fresh take on an old budgeting trick

'Cash stuffing' offers path to savings with fresh take on an old budgeting trick

TORONTO — Savannah Dasilva was searching for a budgeting method she could stick to for years to come. The Toronto student dabbled with Excel spreadsheets, but they got confusing fast, and budgeting apps, which never seemed to do the trick.
Turkey’s central bank raises interest rates again in another sign of normalizing economic policy

Turkey’s central bank raises interest rates again in another sign of normalizing economic policy

ANKARA, Turkey (AP) — Turkey’s central bank raised its key interest rate by an aggressive 7.5 percentage points on Thursday, in a new sign of a return to more traditional economic policies under President Recep Tayyip Erdogan.
Iran, Saudi Arabia and Egypt are among 6 nations set to join China and Russia in BRICS economic bloc

Iran, Saudi Arabia and Egypt are among 6 nations set to join China and Russia in BRICS economic bloc

JOHANNESBURG (AP) — Iran and Saudi Arabia were among six countries set to join Brazil, Russia, India, China and South Africa in the BRICS economic bloc from next year, the bloc announced Thursday, a move that will likely throw more scrutiny on Beijin
China bans seafood from Japan after the Fukushima nuclear plant begins its wastewater release

China bans seafood from Japan after the Fukushima nuclear plant begins its wastewater release

OKUMA, Japan (AP) — The tsunami-wrecked Fukushima Daiichi nuclear power plant 's operator says it began releasing its first batch of treated radioactive water into the Pacific Ocean on Thursday — a controversial step that prompted China to ban seafoo
Trans Mountain pipeline project runs into fresh construction-related hurdle

Trans Mountain pipeline project runs into fresh construction-related hurdle

CALGARY — The Trans Mountain oil pipeline expansion project has run into another construction-related hurdle that could delay its completion.
Mobile debit payments in stores jump 53 per cent over past year: Interac

Mobile debit payments in stores jump 53 per cent over past year: Interac

TORONTO — Interac says mobile debit payments in stores jumped 53 per cent over the past 12 months, while e-commerce purchases rose 17 per cent.
Metro filing labour complaint against Unifor amid ongoing strike, warehouse picket

Metro filing labour complaint against Unifor amid ongoing strike, warehouse picket

TORONTO — Metro Inc. is filing an unfair labour practice complaint with the Ontario Labour Relations Board against Unifor over an ongoing strike, arguing it isn't bargaining in good faith, a spokeswoman for the grocer said in a statement.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,879.79, up 188.58 points): Manulife Financial Corp. (TSX:MFC). Finance. Up 29 cents, or 1.22 per cent, to $24.13 on 14.