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Economists see signs of inflation easing, despite annual rate holding steady

Economists see signs of inflation easing, despite annual rate holding steady

OTTAWA — Canada's annual inflation rate held steady in October, but economists say it's trending in the right direction. In its latest consumer price index report, Statistics Canada said the country's annual inflation rate was 6.
'Mercedes and Range Rovers:' Loblaw's discount chains attract higher-income shoppers

'Mercedes and Range Rovers:' Loblaw's discount chains attract higher-income shoppers

More wealthy shoppers are prowling the aisles at discount grocery stores in search of deals amid soaring food inflation, Loblaw Companies Ltd. said Wednesday.
RBI names former Domino's Pizza CEO Patrick Doyle as executive chair

RBI names former Domino's Pizza CEO Patrick Doyle as executive chair

TORONTO — A former Domino's Pizza CEO is now the executive chair of Tim Hortons' parent company as the fast-food giant focuses on boosting sales and its stock amid economic headwinds. Restaurant Brands International Inc.
Vietnamese electric vehicle maker VinFast launches first showroom in Canada

Vietnamese electric vehicle maker VinFast launches first showroom in Canada

TORONTO — Vietnamese electric vehicle maker VinFast says it has opened its first Canadian showroom as it prepares for a wider expansion into the market.
NFI Group reports US$42.6M Q3 loss, revenue up from year ago

NFI Group reports US$42.6M Q3 loss, revenue up from year ago

WINNIPEG — NFI Group Inc. reported a loss of US$42.6 million in its latest quarter compared with a loss of US$15.4 million in the same quarter last year as its revenue edged higher.
US retail sales rose 1.3% last month, a sign of resilience

US retail sales rose 1.3% last month, a sign of resilience

WASHINGTON (AP) — Americans stepped up their spending at retailers, restaurants, and auto dealers last month, a sign of consumer resilience as the holiday shopping season begins amid painfully high inflation and rising interest rates .

Here's a list of October inflation rates for selected Canadian cities

OTTAWA — Canada's national annual inflation rate was 6.9 per cent in October, Statistics Canada says.

Here's a list October inflation rates for Canadian provinces

OTTAWA — Canada's national annual inflation rate was 6.9 per cent in October, Statistics Canada says. Here's what happened in the provinces (previous month in brackets): — Newfoundland and Labrador: 6.5 per cent (6.1) — Prince Edward Island: 8.
CMHC says annual pace of housing starts slowed in October

CMHC says annual pace of housing starts slowed in October

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts slowed in October from its high for the year reached in September.
Toronto-based Waabi launches AI-powered self-driving system for trucking

Toronto-based Waabi launches AI-powered self-driving system for trucking

Toronto-based Waabi says it is launching its self-driving system in the real world as it looks to push trucking towards a more autonomous future.