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Western Forest Products indefinitely curtails Alberni Pacific Division facility

Western Forest Products indefinitely curtails Alberni Pacific Division facility

VANCOUVER — Western Forest Products Inc. says it's indefinitely curtailing operations at its Alberni Pacific Division facility. The Vancouver-based company says the facility has been temporarily curtailed since the fall of 2022.
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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 (21,642.87, down 97.33 points): Toronto-Dominion Bank. (TSX:TD). Finance. Down 37 cents, or 0.48 per cent, to $77.57 on 13.
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Price growth at restaurants outpacing grocery inflation as businesses struggle

Price growth at restaurants outpacing grocery inflation as businesses struggle

Restaurant price inflation has been outpacing grocery inflation for months, a sign that business owners continue to grapple with higher costs, said Restaurants Canada.
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Fed's Powell: Elevated inflation will likely delay rate cuts this year

Fed's Powell: Elevated inflation will likely delay rate cuts this year

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates.
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Hockey business is booming as the NHL bounces back from the pandemic in a big way

Hockey business is booming as the NHL bounces back from the pandemic in a big way

NEW YORK (AP) — Arenas are full, the NHL is a fixture on TV screens across North America, highlight-reel goals are talking points on a near-daily basis and “The Pat McAfee Show” even has a segment called “Hockey is Awesome.
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IMF: Outlook for world economy is brighter, though still modest by historical standards

IMF: Outlook for world economy is brighter, though still modest by historical standards

WASHINGTON (AP) — The International Monetary Fund has upgraded its outlook for the global economy this year, saying the world appears headed for a “soft landing” — reining in inflation without much economic pain and producing steady if modest growth.
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Airline caterers go on strike, affecting travellers on flights via Pearson airport

Airline caterers go on strike, affecting travellers on flights via Pearson airport

More than 800 airline food service staff at Toronto's Pearson airport went on strike Tuesday, leaving thousands of passengers without meals.
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Annual inflation rate up in March as gasoline prices rose, but core measures lower

Annual inflation rate up in March as gasoline prices rose, but core measures lower

OTTAWA — Higher gasoline prices helped the annual inflation rate tick higher in March, but core inflation continued to cool for the month, raising the chances of an interest rate cut by the Bank of Canada in June.
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S&P/TSX composite moves lower in late-morning trading, U.S. markets mixed

S&P/TSX composite moves lower in late-morning trading, U.S. markets mixed

TORONTO — Weakness in several sectors including financials led Canada's main stock index lower in late-morning trading,while U.S. stock markets were mixed. The S&P/TSX composite index was down 130.16 points at 21,610.04.
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Housing starts down seven per cent in March from February: CMHC

Housing starts down seven per cent in March from February: CMHC

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February.
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