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Top central bankers assert need for higher interest rates to tackle persistent inflation

Top central bankers assert need for higher interest rates to tackle persistent inflation

FRANKFURT, Germany (AP) — Leading global central bankers asserted Wednesday that they are not backing off their steep interest rate increases, pointing to inflation being more persistent than expected but still downplaying fears of recession from the
What you need to know about the potential Postmedia-Nordstar merger

What you need to know about the potential Postmedia-Nordstar merger

TORONTO — What’s happening with Postmedia and Nordstar? Postmedia Network Canada Corp. and Nordstar Capital LP are in talks about a potential merger.
Indigo posts loss after latest quarter 'heavily impacted' by ransomware attack

Indigo posts loss after latest quarter 'heavily impacted' by ransomware attack

Canadian retailer Indigo Books and Music Inc. said cooling consumer spending compounded the effects of a ransomware attack against the company in February, dragging down its earnings amid a board of directors shakeup.
Canadians' household debt is high, but risk of major shock is low: economists

Canadians' household debt is high, but risk of major shock is low: economists

TORONTO — Decades of low interest rates and strong housing demand have led to high levels of household debt for Canadians, and now rising interest rates are increasing the cost of servicing that debt.
Thomson Reuters signs deal to buy cloud media asset management company Imagen

Thomson Reuters signs deal to buy cloud media asset management company Imagen

TORONTO — Thomson Reuters Corp. has signed a deal to buy Imagen Ltd., a company that helps sports organizations, businesses and media companies manage their digital content libraries on the cloud. Financial terms of the deal were not disclosed.
Postmedia in merger talks with Toronto Star owner Nordstar

Postmedia in merger talks with Toronto Star owner Nordstar

TORONTO — Postmedia Network Canada Corp. said Tuesday that it's in talks to merge with Nordstar Capital LP, the owner of Metroland Media Group and the Toronto Star.
The Great Grift: More than $200 billion in COVID-19 aid may have been stolen, federal watchdog says

The Great Grift: More than $200 billion in COVID-19 aid may have been stolen, federal watchdog says

WASHINGTON (AP) — More than $200 billion may have been stolen from two large COVID-19 relief initiatives, according to new estimates from a federal watchdog investigating federally funded programs that helped small businesses survive the worst public
Ivanka Trump dismissed from New York attorney general's fraud lawsuit against her father

Ivanka Trump dismissed from New York attorney general's fraud lawsuit against her father

NEW YORK (AP) — A New York appeals court dismissed Ivanka Trump on Tuesday from a wide-ranging fraud lawsuit brought against her father and his company last year by the state's attorney general.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,733.09, up 145.77): Toronto-Dominion Bank. (TSX:TD). Finance. Up 77 cents, or 0.97 per cent, to $80.05 on 13.0 million shares.
Suncor cyberattack likely to cost company millions of dollars, expert says

Suncor cyberattack likely to cost company millions of dollars, expert says

CALGARY — The systems breach at Suncor Energy Inc. will likely cost the company millions of dollars before it is able to resolve the issue, according to a cybersecurity expert.
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