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New prosperity index indicates $9,000 income gap for African Nova Scotian men

New prosperity index indicates $9,000 income gap for African Nova Scotian men

HALIFAX — A new report tracking the economic prosperity of Nova Scotia’s Black community collects a series of statistics, including some that highlight a significant wage gap for Black men in the province.
Stock market today: Wall Street pulls back from its records

Stock market today: Wall Street pulls back from its records

NEW YORK (AP) — U.S. stock indexes pulled back from their records as concerns about high interest rates weighed on the market. The S&P 500 fell 0.3% and the Nasdaq composite slipped 0.2% Wednesday, a day after both set all-time highs.
Quebecor wants Ottawa to stop Loblaw from offering only Rogers, Bell phone products

Quebecor wants Ottawa to stop Loblaw from offering only Rogers, Bell phone products

The chief executive of Quebecor Inc. is urging Ottawa to intervene in what he calls an "anticompetitive" deal between Loblaw Cos. Ltd.
Canada Infrastructure Bank lends $75M to B.C. ferry service for zero-emission vessels

Canada Infrastructure Bank lends $75M to B.C. ferry service for zero-emission vessels

VANCOUVER — Canada Infrastructure Bank is lending $75 million to British Columbia's ferry service to help buy four zero-emission vessels and install electric charging infrastructure.
Employers rethink value of employee connections in era of remote work: report

Employers rethink value of employee connections in era of remote work: report

TORONTO — The rise of remote work has led to a loss of workplace social connections that is negatively affecting employees, a new report suggests.
CPP Investments earned 8% in latest fiscal year, net assets rose to $632 billion

CPP Investments earned 8% in latest fiscal year, net assets rose to $632 billion

TORONTO — Canada's biggest pension fund earned an eight per cent return last year, but significantly underperformed the 19.9 per cent return of its reference portfolio.
Shopify CEO Tobi Lütke joins Meta advisory council along with other tech leaders

Shopify CEO Tobi Lütke joins Meta advisory council along with other tech leaders

TORONTO — Shopify Inc.'s founder and chief executive Tobi Lütke has joined a group that Facebook and Instagram's parent company has set up to advise its leadership. Meta Platforms Inc.
Federal Reserve minutes: Policymakers saw a longer path to rate cuts

Federal Reserve minutes: Policymakers saw a longer path to rate cuts

WASHINGTON (AP) — After several unexpectedly high inflation readings , Federal Reserve officials concluded at a meeting earlier this month that it would take longer than they previously thought for inflation to cool enough to justify reducing their k
CAE's defence business takes $700M hit as fixed-price contracts drag down earnings

CAE's defence business takes $700M hit as fixed-price contracts drag down earnings

MONTREAL — CAE Inc. expects to report a half-billion-dollar loss for its fourth quarter after massive one-time charges linked to its beleaguered defence business.
Mortgage lending among top risks facing financial system: OSFI

Mortgage lending among top risks facing financial system: OSFI

OTTAWA — Canada's banking regulator says real estate secured lending and mortgages are among the top risks facing the country's financial system as higher interest rates put pressure on borrowers.