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Economy posted no growth in the fourth quarter, but consumer spending is holding on

Economy posted no growth in the fourth quarter, but consumer spending is holding on

OTTAWA — The Canadian economy was treading water at the end of 2022, the latest GDP report shows, but beneath the disappointing data is resilient consumer spending keeping the economy afloat.
Scotiabank rethinking strategy as results hit by high funding costs, expense growth

Scotiabank rethinking strategy as results hit by high funding costs, expense growth

TORONTO — Scotiabank's new chief executive says the bank is rethinking its strategy as it reported a drop in profits last quarter because of high funding costs and expense growth. Scott Thomson, who took on the top job Feb.
Tepid outlook from Target after 4th quarterly profit dip

Tepid outlook from Target after 4th quarterly profit dip

NEW YORK (AP) — Target plans to invest as much as $5 billion this year expanding services for customers, including a drive up service for returns, renovations at 175 stores and improvements in online shopping.
Conservative justices question student loan forgiveness plan

Conservative justices question student loan forgiveness plan

WASHINGTON (AP) — Conservative justices holding the Supreme Court's majority pressed skeptical questions Tuesday about President Joe Biden's plan to wipe away or reduce student loans held by millions of Americans.
Spike in Toronto mailbox vandalism leaves fewer snail mail options

Spike in Toronto mailbox vandalism leaves fewer snail mail options

A vandalism spree has put many mailboxes out of commission in the country's biggest city, Canada Post says.
Consumer confidence slips again in February

Consumer confidence slips again in February

WASHINGTON (AP) — Consumer confidence dipped for the second straight month as stubborn inflation and anxiety over a potentially slowing economy weighed on Americans.
'Don't be afraid to ask': Tips for young workers in salary negotiations

'Don't be afraid to ask': Tips for young workers in salary negotiations

TORONTO — As MBA student Lisa Malachowski negotiated her salary for a job set to begin this summer, a thought familiar to many young workers crossed her mind: "Maybe they'll withdraw the offer.
Laurentian Bank Q1 profit down, provisions for credit losses up from a year ago

Laurentian Bank Q1 profit down, provisions for credit losses up from a year ago

MONTREAL — Laurentian Bank of Canada reported its first-quarter profit fell compared with a year ago as its provisions for credit losses ticked higher. The Montreal-based bank said Tuesday it earned $51.9 million or $1.
Baytex signs agreement to buy Ranger Oil in deal valued at $3.4B including debt

Baytex signs agreement to buy Ranger Oil in deal valued at $3.4B including debt

CALGARY — Baytex Energy Corp. has signed a deal to buy U.S. company Ranger Oil Corp. in a deal valued at C$3.4 billion, including assumed debt. Ranger Oil operates in the Eagle Ford shale region in south Texas, an area where Baytex also has assets.
Companies must listen to racialized employees in tackling racism at work: experts

Companies must listen to racialized employees in tackling racism at work: experts

TORONTO — Experts say commitments to tackle racism in the workplace have not been met with enough action as a report released Tuesday found more than 70 per cent of Black Canadians still experience racism or microaggressions on the job.