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Retail sales in Canada increased by 0.6 per cent to $74.3 billion in June, with gains recorded in a broad swath of subsectors, said Statistics Canada Friday. But an initial flash estimate for the following month suggest sales fell by 0.8 per cent in July, the first decline in seven months. Statistics Canada said this…

Canadian parents are having a hard time saving for their children’s education as the cost of living and other expenses add up. More than half reported moderate to major challenges when it comes to education savings, especially while struggling to save for retirement and other major purchases, according to a recent Canadian Scholarship Trust Foundation…

U.S. prosecutors say a member of Kata’ib Hezbollah told an undercover officer that his people were behind recent shootings at a Toronto synagogue and the U.S. consulate. The pro-Iran Shia militia based in Iraq is not on Canada’s list of terrorist entities. The Centre for Israel and Jewish Affairs and the Canadian Families of Victims…

The Business Development Bank of Canada expects to launch new initiatives aimed at bolstering Canada’s economic sovereignty following the roll-out of a $6 billion defence platform over the past year, says the head of the arm’s-length Crown corporation . “Getting into the defence sector is one way to show that we’re open to take not…

Canada’s tech industry is warning that the country continues to lose its best and brightest entrepreneurs to the U.S., an issue that has taken on new urgency as tariff threats have prompted Ottawa to try to diversify away from the U.S. economy. This week, various tech entrepreneurs, politicians and economists began to weigh in on…

OTTAWA — Manitoba Premier Wab Kinew expressed his dislike on Thursday for the current interim trade deal being finalized by Canadian and American negotiators, but acknowledged the need for the federal government to get an agreement. “The deal will not be right for me, I expect,” said Kinew, during a press conference in Winnipeg. “But…

The federal government’s agreement this week to provide up to $10 billion in financial support for the Gull Island hydroelectric project is notable for more than its size. It also offers a glimpse of how the Carney government’s broader economic agenda will have to be financed. For decades, federal governments have relied on a familiar…

Metro, Sobeys and Loblaw are now defendants in a proposed class action over maple syrup tests found to be half cane sugar. An amended application filed Aug. 3 in Quebec Superior Court added the three chains and Groupe Epicia, which runs Val-Mont grocery stores, CTV News reported. The four are accused of demonstrating “negligence, recklessness,…

OTTAWA — The minister in charge of Alberta’s hospital system is calling on her federal counterpart to shut down talk of sanctioning the province over its new private health care law. Alberta Hospitals Minister Adriana LaGrange said she was surprised but undeterred by a report earlier this week that federal Health Minister Marjorie Michel is…

Walmart Inc. ’s quarterly sales fell short of expectations, a rare miss that’s likely to stoke concern about the leading big-box retailer decelerating alongside a slow-growing U.S. economy. Sales at U.S. stores open at least a year, excluding fuel, rose 2.6 per cent in the second quarter, shy of the lowest analyst estimate compiled by…