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UK inflation accelerates to 40-year high as food prices rise

UK inflation accelerates to 40-year high as food prices rise

LONDON (AP) — British food prices rose at the fastest pace since 1980 last month, driving inflation back to a 40-year high and heaping pressure on the embattled government to balance the books without gutting help for the nation’s poorest residents.
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Biden to release 15M barrels from oil reserve, more possible

Biden to release 15M barrels from oil reserve, more possible

WASHINGTON (AP) — President Joe Biden will announce the release of 15 million barrels of oil from the U.S.
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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 (18,798.18, up 177.16 points): Royal Bank of Canada (TSX:RY). Financials. Up 62 cents, or 0.5 per cent, to $124.20 on 7.8 million shares.
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Nova Scotia orders economic impact study of subsidized ferry to Maine

Nova Scotia orders economic impact study of subsidized ferry to Maine

HALIFAX — Nova Scotia’s heavily subsidized ferry that operates between Yarmouth, N.S., and Bar Harbor, Maine, will be the subject of an economic impact study, the premier said Tuesday.
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Some risks too big: Insurers withdraw from fossil projects

Some risks too big: Insurers withdraw from fossil projects

BERLIN (AP) — Insurance companies that have long said they'll cover anything, at the right price, are increasingly ruling out fossil fuel projects because of climate change — to cheers from environmental campaigners.
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Netflix rebounds from recent subscriber losses with 3Q gain

Netflix rebounds from recent subscriber losses with 3Q gain

SAN FRANCISCO (AP) — Netflix reversed its recent subscriber losses with a summertime gain that management is hoping to build upon with the upcoming launch of a cheaper version of the video streaming service that will include ads for the first time.
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S&P/TSX composite up more than 175 points, U.S. markets also gain on Tuesday

S&P/TSX composite up more than 175 points, U.S. markets also gain on Tuesday

TORONTO — Canada's main stock index closed up more than 175 points, alongside gains in the U.S. markets, ahead of Canadian inflation data due out on Wednesday. The S&P/TSX composite index was up 177.16 points at 18,798.18.
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Criminal Lawyers' Association calling on Ontario for more funding for legal aid

Criminal Lawyers' Association calling on Ontario for more funding for legal aid

TORONTO — The Criminal Lawyers' Association is calling on the Ontario government to boost the province's legal aid program, saying insufficient funding is leading to more accused being unrepresented and discouraging young lawyers from staying in defe
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Metro says its holding prices steady as usual this winter in wake of Loblaw campaign

Metro says its holding prices steady as usual this winter in wake of Loblaw campaign

Grocery chain Metro Inc. said Tuesday it is holding food prices steady as usual this holiday season, a day after one of its biggest rivals rolled out a price-freeze campaign to fight inflation.
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Stocks climb on Wall Street as investors focus on earnings

Stocks climb on Wall Street as investors focus on earnings

NEW YORK — Stocks rose on Wall Street, adding to weekly gains for major indexes that have been mired in a broad slump amid inflation and recession concerns. The S&P 500 rose 1.1% Tuesday. The Dow Jones Industrial Average and the Nasdaq also rose.
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