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  • 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
    The Canadian Press

    Stock market today: Wall Street limps toward its longest weekly losing streak since September

    NEW YORK (AP) — Wall Street’s latest losing week looks to be coming to a relatively quiet close on Friday. U.S. stocks are drifting in mixed trading after oil prices briefly surged overnight on worries about fighting in the Middle East. The S&P 500 was 0.5% lower in afternoon trading and on track for its third straight losing week. That would be its longest such streak since September, before it broke out into a record-setting romp. The Dow Jones Industrial Average was up 207 points, or 0.6%, as

  • 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 after announcing it would file for creditor protection and close 33 stores. In an affidavit filed in a Toronto court this week, the head of the retailer's Canadian operations says he has seen enough interest in the business from unspecified parties to believe the company should pursue a sale. Jordan Searle says it's unclear whether parent company The Body Shop In