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Fed notes improving economy, a step toward easing support

Fed notes improving economy, a step toward easing support

WASHINGTON (AP) — The Federal Reserve said Wednesday that the U.S.
Annual rate of inflation hits 3.1% in June, down slightly from May high

Annual rate of inflation hits 3.1% in June, down slightly from May high

OTTAWA — The country's headline inflation barometer registered a year-over-year increase of 3.1 per cent last month as the pace of price growth slowed in June compared with the decade-fast pace one month ago.
Seth Rogen's cannabis company Houseplant and Canopy Growth announce partnership end

Seth Rogen's cannabis company Houseplant and Canopy Growth announce partnership end

Actor Seth Rogen's Houseplant cannabis company and Canopy Growth Corp. are breaking up.
Loblaw Q2 profit soars even as grocery sales level off from pandemic highs

Loblaw Q2 profit soars even as grocery sales level off from pandemic highs

Canada's biggest grocery store chain said renewed lockdowns this spring amid the third wave of COVID-19 kept food sales strong as the pandemic's eat-at-home trend continued. Loblaw Companies Ltd. said Wednesday its grocery sales dipped 0.
Crescent Point raises 2021 production guidance as higher prices boost Q2 profits

Crescent Point raises 2021 production guidance as higher prices boost Q2 profits

CALGARY — Crescent Point Energy Corp. expects to generate "significant" excess cash flow this year as energy prices surge, chief executive Craig Bryksa said Wednesday.
Infrastructure deal: Senate ready to move ahead on $1T bill

Infrastructure deal: Senate ready to move ahead on $1T bill

WASHINGTON (AP) — Senate Republicans reached a deal with Democrats on Wednesday over major outstanding issues in a $1 trillion infrastructure bill and said they are ready to vote to take up the bill. An evening test vote was possible.
A&W sees same-store sales and second-quarter profit surge as restaurants reopen

A&W sees same-store sales and second-quarter profit surge as restaurants reopen

VANCOUVER — A&W Revenue Royalties Income Fund says its same-store sales surged nearly 34 per cent in its latest quarter from the prior year when it faced the most pronounced impact from COVID-19.
Tilray reports US$33.6M profit in Q4 as it merged with cannabis rival Aphria

Tilray reports US$33.6M profit in Q4 as it merged with cannabis rival Aphria

Tilray Inc.'s chief executive blamed COVID-19 lockdowns for more than $100 million in revenue losses Wednesday, but hopes a recent merger will help it rebuild from the pandemic.
Tilray shares surge to help lift S&P/TSX composite in late-morning trading

Tilray shares surge to help lift S&P/TSX composite in late-morning trading

TORONTO — A big boost in shares of cannabis producer Tilray Inc. helped to lift Canada's main stock index in late-morning trading. The S&P/TSX composite index was up 14.34 points at 20,187.69.
Cameco posts $37 million loss in second quarter on lower revenues

Cameco posts $37 million loss in second quarter on lower revenues

SASKATOON — Uranium miner Cameco Corp. recorded a smaller loss in its latest quarter despite a 32 per cent decrease in revenue amid the suspension of production.