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  • Business
    The Canadian Press

    The Body Shop Canada explores sale as demand outpaces inventory: court filing

    TORONTO — The Body Shop Canada is exploring a sale as it struggles to get its hands on enough inventory to keep up with "robust" sales the retailer landed after announcing it would file for creditor protection and close 33 stores. In an April 8 affidavit filed in a Toronto court on Monday, the head of the retailer's Canadian operations said he has seen a "sufficient level of interest" in the business from parties to believe the company should pursue a sale. Jordan Searle did not name who is inte

  • Business
    Reuters

    C$ notches weekly gain as market works off oversold position

    The Canadian dollar strengthened against its U.S. counterpart on Friday as oil prices rose and the market took stock of recent losses for the currency, but the move was limited following the recent move in yield spreads in favor of the greenback. "The Canadian dollar coming back somewhat is simply technical from an oversold market," said Michael Goshko, senior market analyst at Convera Canada. The slowdown in Canadian inflation has contrasted with the recent heating up of U.S. price pressures, raising bets the Bank of Canada would begin easing interest rates before the Federal Reserve.

  • Politics
    The Canadian Press

    Biden administration moves to make conservation an equal to industry on US lands

    BILLINGS, Mont. (AP) — The Biden administration on Thursday finalized a new rule for public land management that's meant to put conservation on more equal footing with oil drilling, grazing and other extractive industries on vast government-owned properties. Officials pushed past strong opposition from private industry and Republican governors to adopt the proposal. GOP members of Congress said in response that they will seek to invalidate it. The rule from the Interior Department's Bureau of La

  • Business
    Bloomberg

    Glencore and Trafigura’s Sanctions Games Are Draining the LME

    (Bloomberg) -- The world’s two biggest metals traders are moving to withdraw large volumes of aluminum from the London Metal Exchange in a complex trade made possible by new UK sanctions on Russian metal, raising questions about unintended consequences from the new rules.Most Read from BloombergElon Wants His Money BackNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to ThemDubai Grinds to Standstill as Flooding Hits CityIsrael Reported to Have Launched Retaliatory Strike on Ira