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Consumer debt continues to grow, reaching record $2.5T, credit bureaus say

TORONTO — Consumer debt rose to a record $2.5 trillion in the third quarter as many Canadians continue to struggle with high living costs and rising unemployment, new surveys from two credit bureaus say.

Allowing a period of price declines would be ‘painful’ for Canadians: BoC official

OTTAWA — Bank of Canada deputy governor Rhys Mendes says allowing for a period of price declines may sound tempting, but it would ultimately be more painful for Canadians.

Shorter holiday shopping season ups pressure on retailers and consumers

Canadians waiting for Black Friday to kick-start their holiday shopping have less time to pick up gifts.

How public funds are being used to lure private dollars in race for climate financing

TORONTO — The trillion-dollar question these days is where the huge sums of money needed to address climate change are going to come from, especially for developing countries.

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week:

Nations at UN climate talks agree on $300B a year for poor countries in a compromise deal

BAKU, Azerbaijan (AP) — United Nations climate talks adopted a deal to inject at least $300 billion annually in humanity’s fight against climate change, aimed at helping poor nations cope with the ravages of global warming in tense negotiations in th
Kamsack’s only motel for sale, owner begins new adventure close by

Kamsack’s only motel for sale, owner begins new adventure close by

After owning Duck Mountain Motel for 11 years, owner April MacDonald is selling the property to focus on new journey with Duck Mountain Lodge in the nearby Provincial Park.

Colleges and universities face job cuts, deficits amid international student cap

Ontario's colleges and universities say the federal government's cap on international students is taking a toll on the higher education sector as some schools face growing deficits, layoffs and, in at least one case, a temporary campus closure.

Walmart Canada axing some property controls amid grocery competition scrutiny

Walmart Canada says it's getting rid of property controls relating to retail competition across the country.

Alberta Premier Smith says passenger train system key to meeting tourism goals

CALGARY — Premier Danielle Smith says a robust passenger train system in Alberta will be key to meeting her government's goal of a $25-billion tourism economy.
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