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13/06/202311/07/2024

Irving Oil considers the sale of the company as part of a strategic review

Irving Oil says it has launched a strategic review that will consider, among other things, “a full or partial sale” of the company, one of the largest in New Brunswick.

“A strategic review of the company is underway, and a series of options are being evaluated related to the company’s future,” the Saint John-based company said in a statement.

“No decisions have been made about where this strategic review may lead. Considerations will be given to a new ownership structure, a full or partial sale, or a change in the portfolio of our assets and how we operate them.”

The

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07/06/202311/07/2024

Vancouver home sales rise in May, nearing 10-year average – Business News

Home sales, prices rising

The Canadian Press – Jun 2, 2023 / 10:00 am | Stories: 429918

Photo: The Canadian Press

The Real Estate Board of Greater Vancouver says May home sales rose 15.7 per cent from a year earlier.

The BC board says Vancouver’s housing market is showing signs of heating up heading into the summer, as prices increased for the sixth consecutive month.

The board says sales for the month totaled 3,411, which was 1.4 per cent below the 10-year seasonal average of 3,458.

The composite benchmark price for all residential properties in Metro Vancouver was $1,188,000 last

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06/06/202311/07/2024

Net benefits to Canada went unquestioned in big forestry buyouts – Business News

Photo: Glacier Media file photo.

The Catalyst paper mill in Powell River was indefinitely shut down not long after Paper Excellence purchased it.

Earlier this year, Paper Excellence capped off an unprecedented series of multibillion-dollar buyouts to become the largest forestry company in Canada.

Members of Parliament investigating the company’s business ties and corporate structure learned Friday that Industry Canada did not conduct a net benefit analysis to see if the company’s recent US$3-billion purchase of Domtar and US$2.7-billion buyout of Resolute Forest Products were in the economic interests of Canadians.

NDP natural resource critic Charlie Angus said he was

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05/06/202311/07/2024

Canada’s economy grew by more than expected in the first quarter, upping the odds of the rate hike next week

The Canadian economy grew at an annualized rate of 3.1 per cent in the first quarter of 2023, Statistics Canada reported Wednesday.

The latest data shows growth beating out the federal agency’s own forecast of 2.5 per cent for the quarter. A preliminary estimate suggests the economy grew by 0.2 per cent in April, after remaining flat in March.

The ongoing resilience in the economy will likely spur discussions of a potential rate hike, as the Bank of Canada is expected to make its next interest rate announcement next week.

The relatively strong GDP showing investors had increasing the odds

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04/06/202311/07/2024

Business News – Gazette Journal

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Upsy Daisy: repurpose for a purpose (5/31/2023) – If you are seeking to fulfill a crafty itch, have a pile of donable goods after spring cleaning, or simply wish to help the community in a creative way, look… …

The care clinic receives a $1,000 grant from Walmart (5/31/2023) – The Gloucester Mathews Care Clinic received a $1,000 community grant from Walmart Store #1759 in Gloucester. Store manager Rick Heston presented the donation to GMCC executive Arlene Armentor. Local Walmart… …

Local businesses make the Best of Virginia list (5/31/2023) – Virginia Living

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03/06/202311/07/2024

US added 339,000 jobs last month, far more than expected

The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of strength in an economy that the Federal Reserve is desperately trying to cool.

Friday’s report from the government showed that the unemployment rate rose to 3.7 per cent, from a five-decade low of 3.4 per cent in April.

The stronger hiring demonstrates the job market’s resilience after more than a year of rapid interest rates increased by the Fed. Many industries, from construction to restaurants to health care, are still adding jobs to keep up with consumer demand and restore

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31/05/202311/07/2024

Morning Business Report: There is a new debt ceiling agreement, now lawmakers must decide if they support it – 41NBC News

A deal proposed to lift the federal debt limit would have only a small cooling effect on the US economy and high inflation, according to economists. It does little to reduce government spending that grew rapidly during the Covid-19 pandemic and its aftermath. There’s one particular component of the deal that could ding the economy this fall. Student loan repayments and interest accruals will restart by the end of August.

The Denver Nuggets are in the NBA finals for the first time in franchise history. The Denver Nuggets will face off with the Miami Meat for the NBA championship. The

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29/05/202311/07/2024

Memorial Day Business Report: How Microsoft believes AI will help employees – 41NBC News

Alongside the crush of data, information, and always-on communications the pace of work has increased exponentially. Employees are struggling to shoulder the weight of it all. Meanwhile, business leaders feel pressure to increase productivity amid economic uncertainty. People spend more and more of their days separating the signal from the noise, and it’s coming at the cost of creativity. Microsoft believes that AI may be the solution.

In a new report from Microsoft, the CEO Satya Nadella says that the new generation of AI will remove the drudgery of work and unleash creativity. Microsoft surveyed 31,000 people in 31 countries

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