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Bank of England predicts recession at the end of the year

Bank of England predicts recession at the end of the year

LONDON (AP) — The Bank of England announced its biggest interest rate increase in 27 years on Thursday as it forecast that the war in Ukraine would fuel further inflation and tip the U.K. economy into a prolonged recession.
Montreal home sales down 18% from last July: Quebec real estate association

Montreal home sales down 18% from last July: Quebec real estate association

MONTREAL — The Quebec Professional Association of Real Estate Brokers says Montreal sales in July fell by 18 per cent last year, with the plexes category alone seeing a 38 per cent drop.
Cheap date? Finding 'the one' on a budget when everything costs more

Cheap date? Finding 'the one' on a budget when everything costs more

TORONTO — Like everything else these days,dating is getting more expensive. And while 30-year-old Kasi Johnston hasn't ghosted anyone over a pricey menu item, finding a partner is definitely taking a bigger-than-usual bite out of her finances.
BCE Inc. CEO confident company can handle network disruptions when they arise

BCE Inc. CEO confident company can handle network disruptions when they arise

The head of BCE Inc. looked to assure investors Thursday that the company's network is designed to avoid the kind of mass outage that recently hit Rogers Communications Inc.
Bombardier posts loss in second quarter, boosts guidance on free cash flow

Bombardier posts loss in second quarter, boosts guidance on free cash flow

MONTREAL — Bombardier Inc. is posting a second-quarter loss but has raised its 2022 full-year guidance on free cash flow. The business jet maker, which keeps its books in U.S.
July auto sales down 16 per cent from last year as shortages persist

July auto sales down 16 per cent from last year as shortages persist

TORONTO — DesRosiers Automotive Consultants says Canadian auto sales were down 16.2 per cent in July compared with a year earlier because of a shortage of available vehicles.
Ukraine war will drive demand for Nutrien products for years: CEO

Ukraine war will drive demand for Nutrien products for years: CEO

CALGARY — Saskatoon-based fertilizer giant Nutrien Ltd. surged to all-time high profits in the first six months of 2022 as the war in Ukraine destabilized agriculture markets and heightened global food security fears.
Saputo reports net earnings of $139 million

Saputo reports net earnings of $139 million

MONTREAL — Dairy giant Saputo Inc. says it had net earnings of $139 million for the quarter ended June 30, up from $53 million for the same quarter last year.
SNC-Lavalin reports profit fell in the second quarter as revenue rose

SNC-Lavalin reports profit fell in the second quarter as revenue rose

MONTREAL — SNC-Lavalin Group Inc. reported its second-quarter profit fell compared with a year ago as revenue grew. The company says its profit from continuing operations attributable to shareholders totalled $1.
Applications for US jobless claims up again last week

Applications for US jobless claims up again last week

WASHINGTON (AP) — More Americans applied for jobless benefits last week as the number of unemployed continues to rise modestly, though the labor market remains one of the strongest parts of the U.S. economy.