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China to impose 75.8 per cent tariffs on Canadian canola, industry braces for impacts

China to impose 75.8 per cent tariffs on Canadian canola, industry braces for impacts

Canada's canola industry is urging Ottawa to act as farmers brace for steep losses over a planned 75.8 per cent preliminary tariff from China on canola seed.
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Shapiro declines comment on contract talks but says he wants to remain with Blue Jays

Shapiro declines comment on contract talks but says he wants to remain with Blue Jays

TORONTO — Blue Jays president Mark Shapiro declined to comment on contract extension talks Tuesday but said he wants to remain with the club and that team ownership has been "reciprocal in that desire.
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US July budget deficit up 20% year-over-year despite record Trump tariff income

US July budget deficit up 20% year-over-year despite record Trump tariff income

WASHINGTON (AP) — The U.S. budget deficit in July climbed 20% this fiscal year compared to the last despite the U.S. taking in record income from President Donald Trump’s tariffs, according to Treasury Department data released Tuesday . The U.S.
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Martinrea International reports $38M in Q2 profit, down from last year

Martinrea International reports $38M in Q2 profit, down from last year

Martinrea International Inc. reported $38 million in profit during the second quarter, down from $40.97 million during the same quarter last year. The company reported diluted net earnings per share of 52 cents for the period.
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US inflation held steady as mild tariff hit offset by cheaper gas, food

US inflation held steady as mild tariff hit offset by cheaper gas, food

WASHINGTON (AP) — U.S. inflation was unchanged in July as rising prices for some imported goods were balanced by falling gas and grocery prices, leaving overall prices modestly higher than a year ago. Consumer prices rose 2.
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Real estate and financial stocks help S&P/TSX composite rise more than 140 points

Real estate and financial stocks help S&P/TSX composite rise more than 140 points

TORONTO — Canada's main stock index gained more than 140 points to finish trading Tuesday on strength in the real estate and financials sectors, while U.S. stock markets reached new highs amid better-than-expected U.S. inflation data.
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Air Canada, flight attendants at 'impasse' as union declines arbitration proposal

Air Canada, flight attendants at 'impasse' as union declines arbitration proposal

Air Canada says it has reached an "impasse" in negotiations with the union representing its flight attendants, which on Tuesday said it declined a proposal from the airline to enter a binding arbitration process.
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Here's what Canada's effective U.S. tariff rate might look like after the carve-outs

Here's what Canada's effective U.S. tariff rate might look like after the carve-outs

OTTAWA — When you peel back the many layers of tariffs and exemptions imposed by the United States, the effective tariff rate on Canada looks much lower than the headline figures suggest, some economists say.
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Bulk carrier Federal Yamaska runs aground in St. Lawrence River near Montreal

Bulk carrier Federal Yamaska runs aground in St. Lawrence River near Montreal

MONTREAL — The Canadian Coast Guard says a 180-metre bulk carrier has run aground in the St. Lawrence River near Montreal. A spokesman for the coast guard says the Federal Yamaska ran aground near Verchères, Que., at around 5:45 a.m.
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Wall Street rises to more records on hopes for lower interest rates

Wall Street rises to more records on hopes for lower interest rates

NEW YORK (AP) — The U.S. stock market rallied to more records after data suggested inflation across the country was a touch better last month than economists expected. The S&P 500 rose 1.1% Tuesday, beating its all-time high set two weeks ago.
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