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Temporary boost to GST rebate would cost $2.6 billion: PBO

Temporary boost to GST rebate would cost $2.6 billion: PBO

OTTAWA — The parliamentary budget officer estimates the Liberal bill proposing to temporarily double the GST rebate will cost $2.6 billion.
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Salary transparency is on the rise. Here's how to navigate the topic

Salary transparency is on the rise. Here's how to navigate the topic

TORONTO — Mo Hameed started a TikTok account showcasing everyday Canadians sharing what they do and how much they make just a few months ago.
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NATO believes Baltic Sea gas leaks were sabotage

NATO believes Baltic Sea gas leaks were sabotage

COPENHAGEN, Denmark (AP) — The NATO military alliance warned Thursday it would retaliate for any attacks on the critical infrastructure of its 30 member countries and joined other Western officials in citing sabotage as the likely cause of damage to
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US economy drops at 0.6% annual rate from April through June

US economy drops at 0.6% annual rate from April through June

WASHINGTON (AP) — Battered by surging consumer prices and rising interest rates, the U.S. economy shrank at a 0.6% annual rate from April through June, the government announced Thursday, unchanged from its previous second-quarter estimate.
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Enbridge buys U.S. renewable power project developer Tri Global Energy

Enbridge buys U.S. renewable power project developer Tri Global Energy

CALGARY — Enbridge Inc. has bought Tri Global Energy (TGE), a U.S. renewable power project developer, for US$270 million in cash and assumed debt.
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Canadian economy grew slightly in July, Statistics Canada says

Canadian economy grew slightly in July, Statistics Canada says

OTTAWA — The Canadian economy grew slightly in July with the latest reading on real gross domestic product coming in higher than expected. Statistics Canada said Thursday that the economy grew by 0.
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Germany to spend billions to tackle high energy prices

Germany to spend billions to tackle high energy prices

BERLIN (AP) — Germany plans to spend up to 200 billion euros ($195 billion) helping consumers and businesses cope with surging energy prices, particularly for natural gas , due to the war in Ukraine.
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Federal finance minister approves Equitable Bank deal to buy Concentra

Federal finance minister approves Equitable Bank deal to buy Concentra

TORONTO — Equitable Bank says the federal finance minister has approved the company's deal to buy digital rival Concentra Bank. The Toronto-based bank says no further regulatory or shareholder approvals are required in the acquisition.
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Senior bureaucrats probed cryptocurrencies after Poilievre campaign comments

Senior bureaucrats probed cryptocurrencies after Poilievre campaign comments

OTTAWA — Senior federal bureaucrats examined whether cryptocurrencies protect against inflation not long after Opposition Leader Pierre Poilievre made the claim as a candidate in the Conservative leadership race, according to an internal government d
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UK's Truss defends economic plan that sent pound tumbling

UK's Truss defends economic plan that sent pound tumbling

LONDON (AP) — British Prime Minister Liz Truss on Thursday defended her economic plan and shrugged off the negative reaction from financial markets, saying she’s willing to make “difficult decisions” to get the economy growing.
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