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Profits, markups rose as competition weakened over 20 years: Competition Bureau

Profits, markups rose as competition weakened over 20 years: Competition Bureau

OTTAWA — Profits and markups have increased over the last two decades as the state of competition in Canada has deteriorated, an in-depth analysis from the Competition Bureau finds.
Trudeau chastises Haiti elite, Caribbean leaders urge more private investment

Trudeau chastises Haiti elite, Caribbean leaders urge more private investment

OTTAWA — Prime Minister Justin Trudeau says he's been pushing the global community to target Haiti's political class before a gang crisis further destabilizes the Caribbean.
Auditor general calls for online application portal for refugees amid severe backlogs

Auditor general calls for online application portal for refugees amid severe backlogs

OTTAWA — Refugees are being left behind by Canada's oversized immigration backlogs, and people from some countries are worse off than others, the auditor general found in her investigation of immigration applications.
Fed Chair Powell: Slower economic growth may be needed to conquer stubbornly high inflation

Fed Chair Powell: Slower economic growth may be needed to conquer stubbornly high inflation

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a slower-growing economy and job market.
Canadian firms hit with 25 cyberattacks on average over past year: EY survey

Canadian firms hit with 25 cyberattacks on average over past year: EY survey

TORONTO — A survey by EY shows 81 per cent Canadian companies experienced at least 25 cybersecurity incidents over the past year, compared to 73 per cent of respondents globally.
PC Optimum members now eligible for Apple TV+ subscription rewards

PC Optimum members now eligible for Apple TV+ subscription rewards

BRAMPTON, Ont. — Loblaw Companies Ltd. says members of its PC Optimum loyalty program can now redeem their points for monthly subscriptions to the Apple TV+ streaming service and Apple Arcade.
Desjardins to cut close to 400 jobs amid economic uncertainty

Desjardins to cut close to 400 jobs amid economic uncertainty

MONTREAL — Desjardins Group says it is cutting close to 400 jobs as it responds to economic uncertainty.
Honda to produce Civic Hybrid in Ontario and Indiana starting next year

Honda to produce Civic Hybrid in Ontario and Indiana starting next year

ALLISTON, Ont. — Japanese automaker Honda says it will start producing the Civic Hybrid next year at its plant in Alliston, Ont. The company says the Ontario plant will produce the sedan version of the car.
Stock market today: Wall Street is mostly flat as bond yields continue to climb

Stock market today: Wall Street is mostly flat as bond yields continue to climb

BANGKOK — Wall Street isn’t moving much, but a swirl of competing forces are pushing and pulling on markets under the seemingly calm surface.
Applications for US jobless benefits fall to lowest level in more than 8 months

Applications for US jobless benefits fall to lowest level in more than 8 months

Applications for unemployment benefits fell to their lowest level in eight months last week as businesses continue to retain workers despite elevated interest rates meant to cool the economy and labor market.