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inflation-rates

Skip the Dishes, parent company laying off hundreds of employees in Canada

by Anas Siddiqui
Skip the Dishes, parent company laying off hundreds of employees in Canada

About 800 Canadian employees are being laid off by Skip the Dishes and its parent company. The workforce reduction will affect approximately 100 Canada-based workerswith Skip the Dishes, the food delivery service’s …

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U.S. Fed holds interest rates steady, sees just 1 cut in 2024 despite inflation progress

by Anas Siddiqui
U.S. Fed holds interest rates steady, sees just 1 cut in 2024 despite inflation progress

U.S. Federal Reserve officials said Wednesday that inflation has fallen further toward their target in recent months, but signalled that they expect to cut their benchmark interest rate just once …

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Cutting interest rates was easy. But the Bank of Canada still has a credibility problem

by Anas Siddiqui
Cutting interest rates was easy. But the Bank of Canada still has a credibility problem

Bank of Canada governor Tiff Macklem says the central bank has to rebuild trust with Canadian households. After the last two years of interest rate hikes and messaging missteps, that’s …

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Indigo shareholders vote in favour of privatization sale to companies owned by CEO’s spouse

by Anas Siddiqui
Indigo shareholders vote in favour of privatization sale to companies owned by CEO’s spouse

Indigo Books & Music Inc. shareholders have voted to approve a deal that will see the retailer become a private company. Shareholders voted Monday in favour of a $2.50 per …

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‘We are getting closer’ to cutting interest rates, Bank of Canada governor tells MPs

by Anas Siddiqui
‘We are getting closer’ to cutting interest rates, Bank of Canada governor tells MPs

The Bank of Canada is getting closer to cutting interest rates as inflation shows signs of coming down and staying down, the central bank’s governor, Tiff Macklem, told MPs Thursday. …

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Some consumers, businesses are feeling more optimistic about the economy, say BoC surveys

by Anas Siddiqui
Some consumers, businesses are feeling more optimistic about the economy, say BoC surveys

The Bank of Canada says business and consumer sentiment improved during the first quarter of the year, despite higher interest rates still putting a drag on the economy. The central …

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Canada Goose is laying off 17 per cent of its global corporate staff

by Anas Siddiqui
Canada Goose is laying off 17 per cent of its global corporate staff

Luxury parka maker Canada Goose says it is laying off 17 per cent of its global corporate workforce. CEO Dani Reiss wrote in a LinkedIn note Tuesday that the job cuts …

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Hidden cameras capture bank employees misleading customers, pushing products that help sales targets

by Anas Siddiqui
Hidden cameras capture bank employees misleading customers, pushing products that help sales targets

Michelle Jeraline says she’s so stressed out by the pressure to sell customers products at TD Bank, it’s affected her health.  The TD employee says she’s usually not acting in …

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Flair Airlines CEO looks to bid on Lynx planes after shutdown halts tentative merger

by Anas Siddiqui
Flair Airlines CEO looks to bid on Lynx planes after shutdown halts tentative merger

Flair Airlines chief executive Stephen Jones says he still hopes to add several Lynx Air planes to his fleet, even after their tentative merger fell through when Lynx shut down …

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Equifax says mortgage-holders in B.C., Ontario, increasingly missed payments during Q4

by Anas Siddiqui
Equifax says mortgage-holders in B.C., Ontario, increasingly missed payments during Q4

Consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023, Equifax Canada said. The fourth quarter saw a continuation of …

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