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The wealthy want business jets, even as economy softens, says Bombardier CEO

The wealthy want business jets, even as economy softens, says Bombardier CEO

MONTREAL — Demand for private planes remains hot even as the economy cools, according to Bombardier Inc. executives.
Bank regulator says no indicators of liquidity shock re-emerging

Bank regulator says no indicators of liquidity shock re-emerging

TORONTO — The head of Canada's banking regulator says that despite continued liquidity stress at some U.S. banks, he isn't seeing any data to suggest that a wider shock is going to re-emerge.
Halifax company to upgrade 13 Cormorant helicopters for Canada's military

Halifax company to upgrade 13 Cormorant helicopters for Canada's military

HALIFAX — Canada’s defence minister travelled to Halifax Thursday to tout a major subcontract as part of the $1.2-billion upgrade of the military’s fleet of search-and-rescue helicopters.
Fed's Powell was tricked by fake call from Russia pranksters

Fed's Powell was tricked by fake call from Russia pranksters

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell was tricked into an extended phone call in January with Russian pranksters posing as Ukrainian President Volodymyr Zelenskyy, during which Powell appeared to discuss the economic impact of interes
Newfoundland's Terra Nova oilfield faces more delays, uncertainty

Newfoundland's Terra Nova oilfield faces more delays, uncertainty

ST. JOHN'S, N.L. — An oilfield off the southeast coast of Newfoundland that hasn't produced crude since 2019 is facing more setbacks.
Average home price will not revert to pre-pandemic levels this year: CMHC

Average home price will not revert to pre-pandemic levels this year: CMHC

TORONTO — The Canada Mortgage and Housing Corp.
Iran navy seizes Marshall Islands oil tanker in Gulf of Oman

Iran navy seizes Marshall Islands oil tanker in Gulf of Oman

DUBAI, United Arab Emirates (AP) — Iran's navy seized a Marshall Islands-flagged oil tanker in the Gulf of Oman on Thursday amid wider tensions over Tehran's nuclear program, the latest-such capture in a waterway crucial for global energy supplies.
Say goodbye to the dress: Hudson's Bay to close Kleinfeld Bridal in its Toronto store

Say goodbye to the dress: Hudson's Bay to close Kleinfeld Bridal in its Toronto store

TORONTO — Hudson’s Bay is closing its Kleinfeld Bridal location, nearly 10 years after opening the upscale wedding gown salon at its flagship Toronto department store.
Owe money to the CRA this tax season? Here are some repayment options

Owe money to the CRA this tax season? Here are some repayment options

OTTAWA — Getting an income tax refund can be a happy bonus for your household budget, but an unexpected tax bill can be an unpleasant surprise, especially if you don't have the cash on hand to pay it.
US economy grew at weak 1.1% rate in Q1 in sign of slowdown

US economy grew at weak 1.1% rate in Q1 in sign of slowdown

WASHINGTON (AP) — The U.S. economy slowed sharply from January through March, decelerating to just a 1.1% annual pace as higher interest rates hammered the housing market and businesses reduced their inventories.