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New stress test may moderate housing, push buyers to seek more affordable homes: BMO

New stress test may moderate housing, push buyers to seek more affordable homes: BMO

TORONTO — BMO Financial Group says recent changes to mortgage stress test rules and the cooling of prices and sales in some regions may moderate the country's housing market.
3 arrested in Italy funicular crash; clamp deactivated brake

3 arrested in Italy funicular crash; clamp deactivated brake

ROME (AP) — Police arrested three people Wednesday in the cable car disaster that killed 14 people in northern Italy, saying workers placed a clamp on the emergency brake to deactivate it as a patchwork repair - one that prevented the brake from enga
Court orders Royal Dutch Shell to cut carbon emissions

Court orders Royal Dutch Shell to cut carbon emissions

THE HAGUE, Netherlands (AP) — A Dutch court has ordered Royal Dutch Shell to cut its carbon emissions by net 45% by 2030 compared to 2019 levels in a landmark case brought by climate activist groups.
Statistics Canada report says pandemic job losses hit women harder than men

Statistics Canada report says pandemic job losses hit women harder than men

OTTAWA — A new report by Statistics Canada says job losses due to the COVID-19 pandemic have been consistently more severe for women than for men. The report says that from March 2020 to February 2021, women accounted for 53.
Transat AT CEO Jean-Marc Eustache to retire, Annick Guerard named next CEO

Transat AT CEO Jean-Marc Eustache to retire, Annick Guerard named next CEO

MONTREAL — Jean-Marc Eustache is retiring as chair and chief executive of Transat AT Inc., the travel company which he helped start and build. Transat says Eustache was one of the principal architects in the founding of Transat in 1987.
Grocery work shifting amid increasing automation, online sales, report finds

Grocery work shifting amid increasing automation, online sales, report finds

A sweeping new report on the state of Ontario's grocery industry paints a picture of a sector where jobs are rapidly changing as retailers dive deeper into e-commerce and automation gains speed.
Actor John Cena faces backlash in China over Taiwan comment

Actor John Cena faces backlash in China over Taiwan comment

TAIPEI, Taiwan (AP) — Actor and professional wrestler John Cena has apologized to fans in China after he called Taiwan a country in a promotional interview for his upcoming film and became the latest celebrity to face the fury of Chinese nationalists
Defiant Ghosn pins hopes on French probes to clear his name

Defiant Ghosn pins hopes on French probes to clear his name

BEIRUT (AP) — Auto magnate-turned-fugitive Carlos Ghosn is campaigning to clear his name, and hopes a visit by French investigators to his home in exile in Lebanon will be his first real opportunity to defend himself since the bombshell arrest that t
New grand jury seated for next stage of Trump investigation

New grand jury seated for next stage of Trump investigation

NEW YORK (AP) — New York prosecutors have convened a special grand jury to consider evidence in a criminal investigation into former President Donald Trump's business dealings, a person familiar with the matter told The Associated Press on Tuesday.
Facebook to pay 14 Canadian publishers for some news content posted to its platform

Facebook to pay 14 Canadian publishers for some news content posted to its platform

Facebook Inc. unveiled a plan Tuesday to pay some Canadian publishers for news stories on its platform, but experts say the move diverts attention from forthcoming regulation efforts.