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Salaries expected to rise, but real wages of workers could edge down after inflation

Salaries expected to rise, but real wages of workers could edge down after inflation

Wages are expected to go up in Canada next year, but workers may not feel the difference if salary gains are eroded by rising inflation, according to a new survey and data released Wednesday.
CP to acquire Kansas City Southern in US$31B deal after CN drops bid

CP to acquire Kansas City Southern in US$31B deal after CN drops bid

TORONTO — A protracted battle between rival Canadian railways for the acquisition of Kansas City Southern is over, with Canadian Pacific Railway Ltd. coming out on top.
Rising gas, furniture, car prices drive inflation rate to highest since 2003

Rising gas, furniture, car prices drive inflation rate to highest since 2003

OTTAWA — Prices for furniture, gasoline, food, cars and more leaped higher in August compared with the same month a year earlier as the consumer price index hit a near two-decade high.
DIY-ers benefit from lower prices in aftermath of lumber price correction

DIY-ers benefit from lower prices in aftermath of lumber price correction

CALGARY — Homeowners who resisted the urge to renovate during the first 18 months of the pandemic may find now is their chance, as lumber prices that soared to dizzying heights in the spring have crashed back down to earth.
Pandemic recovery for Indigenous tourism will be slow, says report

Pandemic recovery for Indigenous tourism will be slow, says report

VANCOUVER — The Indigenous Tourism Association of Canada is making a bleak prediction about its members' ability to rapidly recover from the COVID-19 pandemic.
WestJet names CFO interim chief executive as search for permanent replacement ongoing

WestJet names CFO interim chief executive as search for permanent replacement ongoing

CALGARY — WestJet Airlines Ltd. has named Harry Taylor its interim president and chief executive. Taylor has been WestJet's chief financial officer since 2015. He will assume the interim CEO role between late November and mid-December 2021.
Sand, Catan, piñatas lead Toy Hall of Fame finalists

Sand, Catan, piñatas lead Toy Hall of Fame finalists

ROCHESTER, N.Y.
CREA lowers home sales forecast, but nudges average price higher

CREA lowers home sales forecast, but nudges average price higher

Tight supply conditions and increasing home prices pushed the Canadian Real Estate Association to forecast the country will wrap the year with fewer home sales than it previously predicted.
CP to acquire Kansas City Southern in US$31B deal after CN drops bid

CP to acquire Kansas City Southern in US$31B deal after CN drops bid

MONTREAL — The battle between rival Canadian railways over Kansas City Southern is over. Canadian Pacific Railway Ltd. said Wednesday it has reached a deal to acquire KCS for approximately US$31 billion, after Canadian National Railway Co.
August industrial output slows to 0.4% gain after Ida hits

August industrial output slows to 0.4% gain after Ida hits

WASHINGTON (AP) — U.S. industrial production slowed to a 0.4% gain in August as shutdowns of petroleum refineries and petrochemical plants caused by Hurricane Ida curbed manufacturing activity.