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Oil and gas sector warns emissions cap could lead to production curtailments

Oil and gas sector warns emissions cap could lead to production curtailments

CALGARY — Canada's oil and gas industry is warning that Ottawa's emissions cap framework could result in significant production curtailments by companies and higher energy prices for consumers.
Flight safety in Canada is plummeting, a confidential UN agency report finds

Flight safety in Canada is plummeting, a confidential UN agency report finds

MONTREAL — A draft report from a United Nations agency gives Canada a C grade on flight safety and oversight, down from an A+ and far below most of its peers.
Surge in newcomers putting pressure on inflation via housing demand: BoC deputy

Surge in newcomers putting pressure on inflation via housing demand: BoC deputy

OTTAWA — The recent surge in newcomers is adding to inflation through housing demand, a senior Bank of Canada official said Thursday, warning rents and home prices could continue to rise without boosting housing supply. In a speech in Windsor, Ont.
California faces record $68 billion budget deficit, nonpartisan legislative analyst says

California faces record $68 billion budget deficit, nonpartisan legislative analyst says

SACRAMENTO, Calif. (AP) — California is facing a record $68 billion budget deficit, state officials announced Thursday, a consequence of a cooling economy and delayed tax filings because of last winter's damaging storms.
Roughly half of first-time buyers likely to use first home savings account: BMO poll

Roughly half of first-time buyers likely to use first home savings account: BMO poll

TORONTO — A new survey suggests a little more than half of potential first-time homebuyers are interested in using a first home savings account, even though they don't know much about it.
S&P/TSX composite down in late-morning trading, U.S. stock markets mixed

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

TORONTO — Canada's main stock index was down in late-morning trading, as losses in the base metal stocks weighed on the Toronto market, while U.S. stock markets were mixed. The S&P/TSX composite index was down 11.08 points at 20,263.13.
Federal, Quebec ministers say major grocers need to sign code of conduct

Federal, Quebec ministers say major grocers need to sign code of conduct

The federal and Quebec agriculture and food ministers are calling on all members of the grocery industry supply chain to sign onto a code of conduct.
Holiday budget planning should include more than gifts you're planning on giving

Holiday budget planning should include more than gifts you're planning on giving

OTTAWA — A holiday spending plan is always a good idea, but as inflation pushes the cost of everything up and higher interest rates squeeze households, a budget is more important than ever.
Stock market today: Wall Street opens higher after a 3-day losing streak

Stock market today: Wall Street opens higher after a 3-day losing streak

NEW YORK (AP) — Wall Street is opening higher following its first three-day losing streak since Halloween. The S&P 500 was up 0.5% early Thursday and continuing to hang near its highest level since March 2022.
Filings for jobless claims tick up modestly, continuing claims fall

Filings for jobless claims tick up modestly, continuing claims fall

U.S. applications for jobless benefits ticked up last week, but the overall number of people in the U.S. collecting unemployment benefits fell after hitting its highest level in two years last week.
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