July 28th, 2021

Business

Here’s a list June inflation rates for Canadian provinces

By The Canadian Press on July 28th, 2021

OTTAWA – Canada’s national annual inflation rate was 3.1 per cent in June, Statistics Canada says. Here’s what happened in the provinces (previous month in brackets): – Newfoundland and Labrador: 3.5 per cent (4.4) – Prince Edward Island: 5.3 per cent (6.0) – Nova Scotia: 4.1 per cent (4.8) – New Brunswick: 3.6 per cent ... Read More »

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Here’s a list of June inflation rates for selected Canadian cities

By The Canadian Press on July 28th, 2021

OTTAWA – Canada’s national annual inflation rate was 3.1 per cent in June, Statistics Canada says. The agency also released rates for major cities, but cautioned that figures may have fluctuated widely because they are based on small statistical samples (previous month in brackets): – St. John’s, N.L.: 3.3 per cent (4.2) – Charlottetown-Summerside: 5.3 ... Read More »

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Annual rate of inflation hits 3.1% in June, down from May high

By The Canadian Press on July 28th, 2021

OTTAWA – Statistics Canada says the annual rate of inflation hit 3.1 per cent in June. The reading for the consumer price index is down from the 3.6 per cent recorded in May, which was the largest yearly increase in a decade. Statistics Canada says part of the reading for June has to do with ... Read More »

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CGI net income climbs 30 per cent in Q3 to $338.5 million despite revenue dip

By The Canadian Press on July 28th, 2021

MONTREAL – Information technology firm CGI Inc. is reporting a nearly 30 per cent increase in net income in the third quarter despite lower revenues. The Montreal-based company says it earned $338.5 million or $1.36 per diluted share in the quarter, up from $260.9 million or $1 per share a year earlier. Adjusted profits for ... Read More »

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Canadian Press NewsAlert: Annual rate of inflation hits 3.1% in June

By The Canadian Press on July 28th, 2021

OTTAWA – Statistics Canada says the annual rate of inflation hit 3.1 per cent in June. The reading for the consumer price index is down from the 3.6 per cent recorded in May, which was the largest yearly increase in a decade. The agency says that excluding gasoline prices, the annual rate of inflation would ... Read More »

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Shopify Q2 profit soars as quarter revenues surpass US$1 billion for first time

By The Canadian Press on July 28th, 2021

OTTAWA – Shopify Inc. beat expectations as its profits soared in the second quarter and recorded more than US$1 billion of revenues for the first time. The Ottawa-based technology firm says it earned US$879.1 million or US$6.90 per diluted share, up from US$36 million or 29 cents per share a year earlier. Net income for ... Read More »

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Crescent Point raises 2021 production guidance as higher prices boost Q2 profits

By The Canadian Press on July 28th, 2021

CALGARY – Crescent Point Energy Corp. raised its 2021 production guidance stemming from higher energy prices after swinging to a $2.14-billion profit in the second quarter. The Calgary-based company says it earned $3.65 per diluted share in the quarter, compared with a loss of 27 cents per share or $145.1 million a year earlier. The ... Read More »

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Loblaw second-quarter profit soars a year after getting a lift from COVID-19 onset

By The Canadian Press on July 28th, 2021

TORONTO – Loblaw Companies Ltd. says its second-quarter profit soared on a 4.5 per cent increase in revenues as it marked a year since it posted heightened sales and COVID-related costs from the outset of the pandemic. Canada’s largest grocery and pharmacy chain says its net income attributable to common shareholders was $375 million or ... Read More »

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Leading brands, retailers and restaurants launch producer responsibility organization

By Brett Bundale, The Canadian Press on July 28th, 2021

A group of Canada’s leading consumer brands, retailers and restaurants have launched a new organization that will help companies comply with new blue box recycling rules in Ontario. Circular Materials, a not-for-profit producer responsibility organization, was created by 15 companies in response to Ontario’s decision to shift 100 per cent of recycling costs to product ... Read More »

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Capitol riot arrest of restaurant owner rattles hometown

By Michael Kunzelman, The Associated Press on July 28th, 2021

KANE, Pa. (AP) – A crank caller ordered an “insurrection pizza” from Pauline Bauer’s restaurant. A profane piece of hate mail addressed her as a domestic terrorist. She even became a punchline for Stephen Colbert’s late-night talk show on CBS. A swift backlash greeted Capitol riot suspects like Bauer when they returned to their homes ... Read More »

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Iran’s supreme leader criticizes US as nuclear talks stalled

By Amir Vahdat And Jon Gambrell, The Associated Press on July 28th, 2021

TEHRAN, Iran (AP) – Iran’s supreme leader has called the U.S. “stubborn” in stalled nuclear talks in Vienna for discussing Tehran’s missiles and regional influence. Supreme Leader Ayatollah Ali Khamenei’s remarks Wednesday come as his hard-line protege, President-elect Ebrahim Raisi, is posed to be sworn in next week as the head of the country’s civilian ... Read More »

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