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Canadian retail sales up 0.4 per cent in July, first increase in three months

Canadian retail sales up 0.4 per cent in July, first increase in three months

OTTAWA — Statistics Canada says retail sales rose 0.4 per cent in July to $51.5 billion, the first increase in three months. Economists had expected an increase of 0.6 per cent, according to financial markets data firm Refinitiv.
AP Source: GM's offer to UAW would add lower-paying jobs

AP Source: GM's offer to UAW would add lower-paying jobs

DETROIT — A General Motors offer to invest $7 billion in U.S. facilities includes $2 billion from joint ventures and suppliers for new plants that would pay workers less than the top union wage, a person briefed on the matter said.
Iran envoy: 'All-out war' to result if hit for Saudi attack

Iran envoy: 'All-out war' to result if hit for Saudi attack

DUBAI, United Arab Emirates — Any attack on Iran by the U.S.
California promises fight to keep auto emission authority

California promises fight to keep auto emission authority

SACRAMENTO, Calif.
Airbnb says it will go public in 2020

Airbnb says it will go public in 2020

Airbnb Inc. said Thursday it plans to go public in 2020, a long-awaited move by the home-sharing company that is both loved and reviled for its disruption of the hotel business. Airbnb disclosed the news in a brief statement.

A FedEx pilot is detained before boarding a flight in China

FedEx says one of its pilots was detained in China after an item was found in his luggage before he boarded a commercial flight.
Colt suspends production of AR-15 for civilian market

Colt suspends production of AR-15 for civilian market

WEST HARTFORD, Conn.
Toronto stock market sets new record high on rally led by materials and financials

Toronto stock market sets new record high on rally led by materials and financials

TORONTO — Canada's main stock index set new record highs Thursday on a broad-based rally led by materials and financials. The gains were fuelled in part from Wednesday's interest rate cuts by the U.S.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,858.35, up 58.06 points). Baytex Energy Corp. (TSX:BTE). Energy. Up three cents, or 1.36 per cent, to $2.23 on 7.5 million shares.
Bank of Canada appoints Toni Gravelle as its new deputy governor

Bank of Canada appoints Toni Gravelle as its new deputy governor

OTTAWA — The Bank of Canada has appointed Toni Gravelle as its new deputy governor. The central bank says that effective Oct. 1 Gravelle will replace Lynn Patterson, who retired over the summer.