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May home sales down 22% since last year, 9% from April: CREA

May home sales down 22% since last year, 9% from April: CREA

Canada's housing market continued to cool last month with the country's real estate association finding home sales dropped by nearly 22 per cent since last year and almost nine per cent between April and May.
Biden says US will send $1 billion more in aid to Ukraine

Biden says US will send $1 billion more in aid to Ukraine

WASHINGTON (AP) — President Joe Biden said Wednesday the U.S.
Pot company Hexo's restructuring to include loss of 450 jobs, Ont. facility closure

Pot company Hexo's restructuring to include loss of 450 jobs, Ont. facility closure

GATINEAU, Que. — Hexo Corp. says its ongoing plan to streamline the cannabis business and cut costs includes the reduction of 450 jobs. The Gatineau, Que.
EU sues UK over move to rewrite post-Brexit trade rules

EU sues UK over move to rewrite post-Brexit trade rules

BRUSSELS (AP) — The European Union sued Britain on Wednesday over its move to rewrite the trade rules agreed to when the country left the EU two years ago, ratcheting up tensions between the major economic partners.
CRTC imposes $7.5 million penalty on Bell for violations of Telecommunications Act

CRTC imposes $7.5 million penalty on Bell for violations of Telecommunications Act

GATINEAU, Que. — The Canadian Radio-television and Telecommunications Commission (CRTC) is imposing $7.5 million in penalties on Bell Canada, owned by BCE Inc., for violations of the Telecommunications Act.
Russia again cuts natural gas exports thru European pipeline

Russia again cuts natural gas exports thru European pipeline

BERLIN (AP) — Russia's Gazprom announced a reduction in natural gas flows through a key European pipeline for the second day in a row Wednesday, creating further energy turmoil for Europe as it ties to reduce its extensive use of Russian oil and natu
Independent booksellers grew in number, diversity in 2021

Independent booksellers grew in number, diversity in 2021

NEW YORK (AP) — Laura Romani, a Chicago-area resident with a background in education and library science, had been thinking of a new career.
Statistics Canada updates CPI basket weights based on 2021 spending patterns

Statistics Canada updates CPI basket weights based on 2021 spending patterns

OTTAWA — Statistics Canada has updated the basket of goods it uses to calculate its consumer price index and inflation.
European Central Bank vows backstop against market turmoil

European Central Bank vows backstop against market turmoil

A European Central Bank poised to raise interest rates for the first time in 11 years vowed Wednesday to create an unspecified market backstop that could buffer member countries against financial turmoil like that seen during a debt crisis more than
Price of Kinross deal to sell Russian assets cut after authorities cap price

Price of Kinross deal to sell Russian assets cut after authorities cap price

TORONTO — Kinross Gold Corp. says it has completed the sale of its Russian assets to the Highland Gold Mining group of companies for US$340 million, half of what it had negotiated earlier, after Russian authorities capped the price.
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