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Rail strike averted: Biden signs bill enforcing agreement

Rail strike averted: Biden signs bill enforcing agreement

WASHINGTON (AP) — President Joe Biden signed a bill Friday to avert a freight rail strike that he said could have plunged the U.S. into a catastrophic recession.
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November auto sales in Canada up from year ago: DesRosiers report

November auto sales in Canada up from year ago: DesRosiers report

TORONTO — A report by DesRosiers Automotive Consultants says light vehicle sales in November rose 4.1 per cent compared with last year. The firm estimates 114,966 light vehicle were sold last month. The result was up from 110,448 in November 2021.
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'Fashion doesn't stop at handbags:' Resurrected Bentley changes stores, plots growth

'Fashion doesn't stop at handbags:' Resurrected Bentley changes stores, plots growth

A luggage and bag store isn't exactly top of mind during lockdowns. So Bentley & Co. Ltd. quietly tightened operations and positioned itself for a post-pandemic comeback. The retailer's predecessor, Bentley Leathers Inc.
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Here's a quick glance at unemployment rates for November, by Canadian city

Here's a quick glance at unemployment rates for November, by Canadian city

OTTAWA — The national unemployment rate held steady at 5.1 per cent in November. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities.
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Here's a quick glance at unemployment rates for November, by province

Here's a quick glance at unemployment rates for November, by province

OTTAWA — Canada's national unemployment rate held steady at 5.1 per cent in November. Here are the jobless rates last month by province (numbers from the previous month in brackets): _ Newfoundland and Labrador 10.7 per cent (10.
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National employment numbers for November from Statistics Canada, at a glance

National employment numbers for November from Statistics Canada, at a glance

OTTAWA — A quick look at Canada's November employment (numbers from the previous month in brackets): Unemployment rate: 5.1 per cent (5.2) Employment rate: 61.5 per cent (61.6) Participation rate: 64.8 per cent (64.
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New York court issues liability ruling against CIBC in Cerberus lawsuit

New York court issues liability ruling against CIBC in Cerberus lawsuit

TORONTO — CIBC says a New York court has issued a liability ruling against the Canadian bank in a lawsuit brought by Cerberus Capital Management LP. Cerberus filed the lawsuit in November 2015.
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CWB Financial Group reports Q4 profit down from year ago, raises dividend

CWB Financial Group reports Q4 profit down from year ago, raises dividend

EDMONTON — CWB Financial Group raised its dividend and reported its fourth-quarter profit fell compared with year ago as its provision for credit losses rose. The bank says it upped its quarterly dividend by a penny to 32 cents per share.
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Profits in 15 sectors, including oil and gas, driving bulk of inflation: report

Profits in 15 sectors, including oil and gas, driving bulk of inflation: report

A new report by the Centre for Future Work found that growth in corporate profits this year compared to pre-pandemic has been concentrated in a small number of sectors where consumer prices have also risen the fastest.
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Asian shares sink on revived worries over recession, China

Asian shares sink on revived worries over recession, China

BANGKOK (AP) — Shares retreated in Asia on Friday after a mixed day on Wall Street as optimism over signs the Federal Reserve may temper its aggressive interest rate hikes was replaced by worries the economy might be headed for a recession. A U.S.
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