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Empire says gap between discount and full-service narrowing as sales, earnings rise

Empire says gap between discount and full-service narrowing as sales, earnings rise

The parent company of Sobeys is looking ahead to sunnier economic times, betting the shift to discount grocery stores that’s been boosting sales industry-wide won’t be permanent.
Manufacturing sales up 0.2 per cent in January: Statistics Canada

Manufacturing sales up 0.2 per cent in January: Statistics Canada

OTTAWA — Canada's manufacturing industry saw a slight lift in January as sales edged upward, the country's data agency said Thursday. Statistics Canada's latest data shows manufacturing sales rose 0.2 per cent to $71.
Third test flight of SpaceX's mega rocket ends with loss of spacecraft

Third test flight of SpaceX's mega rocket ends with loss of spacecraft

SpaceX’s mega rocket blasted off on another test flight Thursday and made it farther than two previous attempts, but the spacecraft was lost as it descended back to Earth.
Number of Americans filing for jobless benefits remains low in a thriving labor market

Number of Americans filing for jobless benefits remains low in a thriving labor market

The number of Americans applying for jobless benefits last week inched up but largely stayed at historically low levels as the labor market continues to thrive despite elevated interest rates.
February retail sales up 0.6%, yet fissures emerge in what has been a driving force for US economy

February retail sales up 0.6%, yet fissures emerge in what has been a driving force for US economy

NEW YORK (AP) — Americans picked up their spending a bit in February after pulling back the previous month.
Tax changes you need to know about this year, from home offices to house flipping

Tax changes you need to know about this year, from home offices to house flipping

Taxes may well be a certainty of life, but they can morph and multiply by the year, including some big changes this filing season.
US wholesale prices picked up in February in sign that inflation pressures remain elevated

US wholesale prices picked up in February in sign that inflation pressures remain elevated

WASHINGTON (AP) — Wholesale prices in the United States accelerated again in February , the latest sign that inflation pressures in the economy remain elevated and might not cool in the coming months as fast as the Federal Reserve or the Biden admini
Retailer Harry Rosen to spend $50 million on overhaul over next five years

Retailer Harry Rosen to spend $50 million on overhaul over next five years

TORONTO — Luxury menswear retailer Harry Rosen says it will invest $50 million over the next five years to relocate its flagship store and transform several others.
Home Depot to open new Greater Toronto distribution centre catering to pros

Home Depot to open new Greater Toronto distribution centre catering to pros

TORONTO — The Home Depot is opening a new distribution centre in the Greater Toronto Area that will help the company cater to its biggest customers.
Shrinking airfield: Canada's airline market consolidates, raising risk of fares hikes

Shrinking airfield: Canada's airline market consolidates, raising risk of fares hikes

MONTREAL — After entertaining new entrants for several years, Canada's airline market is once again on the path to consolidation, raising the likelihood of higher fares and fewer flight options.