Category: Business News

CIBC profits down

The Canadian Press – | Story: 413062

CIBC reported its first-quarter profit fell compared with a year ago as it took a $1.17-billion charge to settle a

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Google is blocking some Canadian users from viewing news content in what the company says is a test run of a potential response to the Liberal government’s online news bill.

Also known as Bill C-18, the Online News Act would

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It may sound like a circular argument, but the only way to stop inflation is to stop companies from raising prices. And the only way to stop that is to get inflation under control. And that could mean an end

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Tens of millions of Americans in 32 states will see the pandemic boost to their Supplemental Nutrition Assistance Program (SNAP) benefits expire at the end of February.

That means less money to spend on food each month, even as inflation

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Loblaw Companies Ltd.’s fourth-quarter results beat analysts’ expectations on Thursday as the Canadian retailer was boosted by its pharmacy business and a continued demand for groceries.

The company says it earned a profit available to common shareholders of $529 million.

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Inflation is decelerating quickly. It peaked at 8.1 per cent last summer. It fell to 5.9 per cent in January, and the Bank of Canada predicts it will fall to three per cent by the end of this year.

But

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