The Canadian economy continued to keep its head just above water in May, growing 0.2 per cent, led by expansions in manufacturing and the public sector.
A shopper pushes a shopping cart as he leaves a Real Canadian Superstore in Ottawa on Tuesday, June 25, 2024. THE CANADIAN PRESS/Sean Kilpatrick
"Canada's economy did marginally better than we expected in the closing months of the second quarter, while not registering a medal-winning performance when judged in terms of per capita output gains," wrote CIBC chief economist Avery Shenfeld. The labour market has also felt the weight of high borrowing costs, with graduates and newcomers particularly affected by dwindling job opportunities.The Bank of Canada's interest rate cuts are expected to take some of the pressure off of the economy, though at 4.5 per cent, its benchmark rate continues to restrict economic growth.The Court of Arbitration for Sport has dismissed Canada's appeal of a six-point penalty against its Olympic women's soccer team.
Residents swept up broken bricks, shattered glass and burnt plastic on Wednesday after far-right protesters clashed with police outside a mosque in a northwest England town where three girls were fatally stabbed.Weeks after Jason Pilbin witnessed a driver get swept away by floodwaters, his northeastern Vermont community was ravaged again by flooding from heavy rains.The UN human rights office issued a report Wednesday saying Palestinians detained by Israeli authorities since the Oct.
Boeing lost more than US$1.4 billion in the second quarter and said a longtime industry executive will take over as chief executive of the troubled aircraft manufacturer next week.After labouring for months to bring one of Jasper's newest business concepts to life, the owners of The Peacock Cork & Fork never dreamed the young restaurant's run would be so short-lived.
One golf course, two men, 12 hours and 333 holes of golf played. That's how the 13th annual Marathon Monday shaped up for Patrick Law and Dylan Thornborough, which ended up being an unofficial world record.A woman who lives east of Montreal in Repentigny came home to a pool party on Sunday after a family of five had rented it on the Swimply app without the consent of the homeowner.
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