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OPEC+ oil boost likely not much help to high gasoline prices

OPEC+ oil boost likely not much help to high gasoline prices

NEW YORK (AP) — The OPEC oil cartel and allied producing nations decided Thursday to boost production of crude by an amount that will likely do little to relieve high gasoline prices at the pump and energy-fueled inflation plaguing the global economy
Supreme Court limits EPA in curbing power plant emissions

Supreme Court limits EPA in curbing power plant emissions

WASHINGTON (AP) — In a blow to the fight against climate change , the Supreme Court on Thursday limited how the nation’s main anti-air pollution law can be used to reduce carbon dioxide emissions from power plants.
Statistics Canada says economy grew 0.3 per cent in April, but contracted in May

Statistics Canada says economy grew 0.3 per cent in April, but contracted in May

OTTAWA — Economic growth slowed in April and Statistics Canada said Thursday its early estimate for May pointed to a contraction for the month amid weakness in the resource, manufacturing and construction sectors.

EU, New Zealand strike free trade deal after 4 years' talks

BRUSSELS (AP) — The European Union and New Zealand said Thursday they have concluded a free trade deal after four years of negotiations and sealed a partnership to reinforce their cooperation against organized crime and terror groups.
'Hotdogs instead of steaks:' What your Canada Day BBQ will cost with hot inflation

'Hotdogs instead of steaks:' What your Canada Day BBQ will cost with hot inflation

The Canada Day long weekend is the perfect time for burgers on the grill, cold drinks and time with family and friends. Yet a backyard barbecue comes with a bigger price tag this year. Food prices soared 9.
Key inflation gauge tracked by the Fed remains a high 6.3%

Key inflation gauge tracked by the Fed remains a high 6.3%

WASHINGTON (AP) — A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3% in May from a year earlier, unchanged from its level in April.

Slightly fewer Americans apply for jobless claims last week

WASHINGTON (AP) — Slightly fewer Americans applied for unemployment benefits last week, reflecting a robust job market despite rising job cuts in some sectors of the economy that have cooled in recent months.
New consumer protection rules for banks come into force

New consumer protection rules for banks come into force

OTTAWA — The head of Canada's consumer protection watchdog for the finance industry says new rules for banks coming into force establish new standards of care.
Air Canada to slash summer flight schedule as airports face lengthy delays

Air Canada to slash summer flight schedule as airports face lengthy delays

MONTREAL — Air Canada is cutting more than 15 per cent of its scheduled flights in July and August as airports face lengthy delays and cancellations amid an overwhelming travel resurgence.
Corus CEO says company's portfolio designed to withstand recessionary pressures

Corus CEO says company's portfolio designed to withstand recessionary pressures

TORONTO — Corus Entertainment Inc.'s chief executive said Wednesday that a recession is something he is "confident" the company can manage through.