August 4th, 2020

Business

EU agrees on $2.1 trillion deal after marathon summit

By Raf Casert And Samuel Petrequin, The Associated Press on July 21st, 2020

BRUSSELS – After four days and nights of wrangling, exhausted European Union leaders finally clinched a deal on an unprecedented 1.8 trillion-euro ($2.1 trillion) budget and coronavirus recovery fund early Tuesday, after one of their longest summits ever. The 27 leaders grudgingly committed to a costly, massive aid package for those hit hardest by COVID-19, ... Read More »

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Loonie moves higher on election day in possible signal of Liberal minority

By Ross Marowits, The Canadian Press on October 21st, 2019

TORONTO – Canada’s main stock index moved higher on election day with an appreciation in the loonie possibly signalling a Liberal minority government, says a markets analyst. With the Bank of Canada not expected to lower interest rates, the Canadian dollar is up on anticipation of fiscal stimulus prompted by Liberal leader Justin Trudeau seeking ... Read More »

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Strike, floods hold back payroll earnings increases, hours worked

By Canadian Press on August 28th, 2013

OTTAWA – Flooding in Alberta and a two-week construction strike in Quebec held back employment and hours worked in June, with likely consequences for economic growth that month. Statistics Canada reported Wednesday that average weekly earnings of non-farm payroll employees rose a modest 0.2 per cent to $919 in June, bringing the annual increase to ... Read More »

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