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Statistics Canada says household debt ratio edged lower in second quarter

Statistics Canada says household debt ratio edged lower in second quarter

OTTAWA — Household income grew slightly faster than debt in the second quarter as the amount Canadians owe relative to their income edged down for the third quarter in a row.

Tolko announces mill closure in B.C., putting 127 off the job in Kelowna

VERNON, B.C. — Tolko Industries is cutting back its operations at a lumber mill in Kelowna, affecting 127 jobs as the company becomes the latest in the industry to announce a shutdown in British Columbia.

The Fed and ECB aim to avoid downturns but with limited ammo

WASHINGTON — The Federal Reserve and the European Central Bank are struggling mightily to invigorate their economies at a time when growth is slowing, governments remain on the sidelines and the banks' usual stimulative tools appear less effective th

DC's free commuter paper ends run with shot at smartphones

Washington's daily free commuter newspaper, Express, always prided itself on wit. The paper is published by The Washington Post and when Amazon billionaire Jeff Bezos bought the Post in 2013, Express ran the headline: "Bezos Buys Express! (oh ...
TSX could break 17,000 after hitting record intraday high, says analyst

TSX could break 17,000 after hitting record intraday high, says analyst

TORONTO — Canada's main stock index could be on the path to surpass 17,000 for the first time after investors put money into key sectors like financials and energy to lift the TSX to a record intraday high, says a market observer.
Aurora Cannabis shares down after it misses own Q4 revenue guidance

Aurora Cannabis shares down after it misses own Q4 revenue guidance

Shares of Aurora Cannabis tumbled by nearly nine per cent after the pot producer's fourth-quarter revenues fell short of its own guidance and signalled a longer pathway to profitability, pointing to the slow rollout of brick-and-mortar retail cannabi

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,643.28, up 32.14 points). First Quantum Minerals Ltd. (TSX:FM). Materials. Up 79 cents, or 8.55 per cent, to $10.03 on 11.
Rebellious shareholders demand replacement of four Aimia board members

Rebellious shareholders demand replacement of four Aimia board members

MONTREAL — A group of shareholders at Aimia Inc. is seeking to overthrow half of the board, which presided over the sale of its flagship Aeroplan rewards program earlier this year as well as months of turmoil around control of the company.
Empire Co. Ltd. beats on earnings as it pushes for cost savings, streamlining

Empire Co. Ltd. beats on earnings as it pushes for cost savings, streamlining

STELLARTON, N.S. — Empire Co. Ltd. says it has largely completed major structural changes as part of a turnaround plan but it is already looking to the next phase for the company.
Supreme Court won't consider unmasking witnesses in bread price-fixing case

Supreme Court won't consider unmasking witnesses in bread price-fixing case

OTTAWA — The Supreme Court of Canada will not hear an appeal of a lower court decision that kept the identities of a pair of key witnesses in the Competition Bureau's bread price-fixing investigation confidential. Grocery retailers Sobeys Inc.