Also: Britain breaks temperature record during Europe’s scorching heat wave; Ukraine launches ‘dronation’ campaign
could weaken united sanctions front against RussiaThis is the daily Evening Update newsletter. If you’re reading this on the web, or it was sent to you as a forward, you can sign up for Evening Update and more than 20 more Globe newslettersWhy Canada’s steep inflation isn’t entirely our fault:
In analyzing the causes of high inflation in Canada, many experts point to interest rates that were too low for too long, along with surging commodity prices.He finished the 178.5-kilometre stage through the Pyrenees from Carcassonne to FoixThe Weeknd reschedules show postponed by Rogers outage:Random COVID-19 testing resumes for travellers at four major Canadian airports:
Unlike in the past, the tests for select passengers landing in Toronto, Vancouver, Calgary and MontrealCanada’s West Fraser Timber target of joint bid:to acquire Canadian lumber company West Fraser Timber Co., people familiar with the matter said on Tuesday.as more U.S. companies joined big banks in reporting earnings ahead of expectations, offering some respite to investors worried about higher inflation denting the corporate bottomline.
The S&P 500 gained 105.84 points, or 2.76 per cent, to end at 3,936.69 points, while the Nasdaq Composite gained 353.10 points, or 3.11 per cent to 11,713.15. The Dow Jones Industrial Average rose 754.44 points, or 2.43 per cent, to 31,827.05.The Canadian dollar traded for 77.50 cents US compared with 77.23 cents US on Monday.
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