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Rising food, rent costs eat into young professionals' disposable income

Rising food, rent costs eat into young professionals' disposable income

With inflation at a nearly 40-year high, Canadians are feeling the financial strain. In a six-part series this summer, The Canadian Press is speaking to people at different stages of life to see where they’re being hit the hardest.
No one wins U.S. Mega Millions, jackpot now over $1B

No one wins U.S. Mega Millions, jackpot now over $1B

DES MOINES, Iowa (AP) — A giant Mega Millions lottery jackpot ballooned to $1.02 billion after no one matched all six numbers Tuesday night and won the top prize. The new estimated jackpot will be the nation’s fourth-largest lottery prize.
CN Rail hits record second-quarter revenues, waves off recession worries

CN Rail hits record second-quarter revenues, waves off recession worries

MONTREAL — Despite recession hurdles on the horizon, Canadian National Railway Co.
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 (18,972.68, down 131.80 points.) Athabasca Oil Corp. (TSX:ATH). Energy. Down five cents, or 2.23 per cent, to $2.19 on 10.
Shopify drop weighs on S&P/TSX composite on down day for North American markets

Shopify drop weighs on S&P/TSX composite on down day for North American markets

TORONTO — North American markets ended the trading day in the red, with a double-digit decline in Shopify Inc. weighing on the technology sector of Canada's main stock exchange and U.S.
Stellantis laying off employees at two Ontario plants

Stellantis laying off employees at two Ontario plants

WINDSOR, Ont.
N.S. combines five economic development agencies into two new Crown corporations

N.S. combines five economic development agencies into two new Crown corporations

HALIFAX — Nova Scotia’s premier has chosen two “personal friends” to help with the transition of five economic agencies with annual budgets totalling $100 million into two new Crown corporations.
N.S. legislature opens emergency summer session to block pay raise for politicians

N.S. legislature opens emergency summer session to block pay raise for politicians

HALIFAX — Nova Scotia’s Progressive Conservative government introduced legislation Tuesday that would rescind a recommended 12.6 per cent pay raise for members of the legislature.
'I got this wrong:' Shopify CEO announces plan to lay off 10 per cent of staff

'I got this wrong:' Shopify CEO announces plan to lay off 10 per cent of staff

Canadian tech giant Shopify Inc.'s share price fell by more than 14 per cent Tuesday after revealing it will lay off 10 per cent of its workforce because the company misjudged the growth of the e-commerce sector.
CNE returning to Toronto in August with new nightly drone show after two-year hiatus

CNE returning to Toronto in August with new nightly drone show after two-year hiatus

TORONTO — The Canadian National Exhibition is returning to Toronto next month after a two-year hiatus. CNE organizers say there will be several new attractions as well as familiar favourites.
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