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Bank of Canada doesn't see housing bubble but it's watching out, deputy governor says

Bank of Canada doesn't see housing bubble but it's watching out, deputy governor says

TORONTO — A deputy governor of the Bank of Canada says the central bank is monitoring rising housing prices, as it keeps interest rates low to help borrowers cope with the COVID-19 pandemic.
US budget deficit up 25.1% in first 2 months of budget year

US budget deficit up 25.1% in first 2 months of budget year

WASHINGTON — The U.S. government's deficit in the first two months of the budget year ran 25.1% higher than the same period a year ago as spending to deal with the COVID pandemic soared while tax revenues fell.
Empire Q2 profit and sales up, plans online grocery expansion in Alberta

Empire Q2 profit and sales up, plans online grocery expansion in Alberta

Empire Co. Ltd. reported its second-quarter profit and sales rose compared with a year ago as it announced plans to expand its Voila online grocery service to Alberta.
Hudson's Bay seeks judicial review of 'crippling' retail closures in Toronto area

Hudson's Bay seeks judicial review of 'crippling' retail closures in Toronto area

TORONTO — Hudson's Bay Co. is asking an Ontario court to review the province's decision to temporarily close non-essential retailers in Toronto and Peel Region.
Maple syrup harvest hits record high in 2020; sales also rise

Maple syrup harvest hits record high in 2020; sales also rise

OTTAWA — Canada's maple syrup harvest hit a record high of 14.3 million gallons this year, despite shutdowns during the early stages of the COVID-19 pandemic, Statistics Canada said on Thursday. This year's harvest was 8.
McInnis Cement plant in Quebec part of joint venture controlled by Brazilian company

McInnis Cement plant in Quebec part of joint venture controlled by Brazilian company

MONTREAL — The Caisse de depot et placement is ceding control of Quebec's McInnis Cement plant to a Brazilian conglomerate after provincial taxpayers lost several hundred million dollars on the project.
COVID-19, system barriers challenging Indigenous women who own businesses: study

COVID-19, system barriers challenging Indigenous women who own businesses: study

TORONTO — Canadian businesses owned by Indigenous women have been steadily growing, but that progress is being threatened by COVID-19 and other systemic barriers, say researchers behind a new study.

Nestle to invest $550M to expand Georgia pet food factory

CITY OF HARTWELL, Ga. — Pet food manufacturer Nestle Purina will invest $550 million to expand a recently completed factory in northeast Georgia, with plans to expand its workforce to a total of 370.
Transcontinental Q4 profit plunges from prior year's gain from sale of U.S. plant

Transcontinental Q4 profit plunges from prior year's gain from sale of U.S. plant

MONTREAL — Printer and packager Transcontinental Inc. saw its profits drop by more than half in the fourth quarter on lower revenues, but its performance was still better than expected.
Canadians show increased interest in high-interest car title loans amid recession

Canadians show increased interest in high-interest car title loans amid recession

CALGARY — If internet search trends are a window into the minds of consumers, then a recent report suggests that a growing number of Canadians are considering some ill-advised financial options, observers say.