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Consumers overestimating how low, and how fast, interest rates will fall: economists

Consumers overestimating how low, and how fast, interest rates will fall: economists

With interest rates likely at or near their peak in Canada, experts say consumers shouldn’t expect rates to return to pre-pandemic levels.
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Stornoway Diamonds to lay off 425 workers as operations halt at Quebec mine

Stornoway Diamonds to lay off 425 workers as operations halt at Quebec mine

MONTREAL — Stornoway Diamonds Inc. says it is suspending operations at its Renard mine in northern Quebec.
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Daughter Ivanka Trump must testify at Donald Trump's civil fraud trial, New York judge rules

Daughter Ivanka Trump must testify at Donald Trump's civil fraud trial, New York judge rules

NEW YORK (AP) — Ivanka Trump must take the witness stand in the civil fraud case against her father, her brothers and their family business, a judge ruled Friday.
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Federal government posts $4.3 billion deficit between April and August this year

Federal government posts $4.3 billion deficit between April and August this year

OTTAWA — The federal government posted a budgetary deficit of $4.3 billion from April to August. In its monthly fiscal monitor, the Finance Department says this compares to a surplus of $3.9 billion during the same period of the 2022-23 fiscal year.
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Sleep Country to give Silk & Snow acquisition first brick-and-mortar presence

Sleep Country to give Silk & Snow acquisition first brick-and-mortar presence

TORONTO — Sleep Country Canada Holdings Inc. will give one of its newest acquisitions its first ever brick-and-mortar store next month.
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Corus Entertainment encouraged by CRTC's signal of potential CanCon spending relief

Corus Entertainment encouraged by CRTC's signal of potential CanCon spending relief

TORONTO — A potential move by Canada's telecommunications regulator to ease some Canadian content spending requirements for Corus Entertainment Inc.
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US consumers keep spending briskly even in the face of persistent inflation and high interest rates

US consumers keep spending briskly even in the face of persistent inflation and high interest rates

WASHINGTON (AP) — An inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth .
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Gas and power utility Fortis reports $394M Q3 profit, up from $326M a year earlier

Gas and power utility Fortis reports $394M Q3 profit, up from $326M a year earlier

ST. JOHN'S, N.L. — Fortis Inc. reported a third-quarter profit of $394 million, up from $326 million a year earlier. The gas and power utility says the profit amounted to 81 cents per diluted share for the quarter ended Sept.
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Canadian ranchers brace for long, lean winter after droughts, soaring feed costs

Canadian ranchers brace for long, lean winter after droughts, soaring feed costs

CALGARY — It could be a long, lean winter in cattle country as drought-ravaged western Canadian ranchers struggle to secure feed to get their livestock through the cold months.
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Former Premier Li Keqiang, China’s top economic official for a decade, dies at 68

Former Premier Li Keqiang, China’s top economic official for a decade, dies at 68

BEIJING (AP) — Former Premier Li Keqiang , China’s top economic official for a decade, died Friday of a heart attack. He was 68. Li was China’s No.
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