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US retail sales slipped 0.2% in April

US retail sales slipped 0.2% in April

WASHINGTON — U.S. retail sales declined last month, as Americans cut back their spending on clothes, appliances, and home and garden supplies. Sales dropped 0.2% in April, the Commerce Department said Wednesday, after a big 1.7% jump in March.

Here's a list April inflation rates for Canadian provinces, territories

OTTAWA — Canada's national annual inflation rate was two per cent in April, Statistics Canada says. Here's what happened in the provinces (previous month in brackets): — Newfoundland and Labrador: 1.5 per cent (1.2) — Prince Edward Island: 1.2 (1.

Here's a list of April inflation rates for selected Canadian cities

OTTAWA — Canada's national annual inflation rate was two per cent in April, Statistics Canada says.
Shaw Communications selling its stake in Corus Entertainment for $548M

Shaw Communications selling its stake in Corus Entertainment for $548M

CALGARY — Shaw Communications Inc. is selling its stake in Corus Entertainment Inc. for $548 million. Under the deal, the cable and telecommunications company will sell 80.63 million class B Corus shares at a price of $6.
Saudi Arabia says its oil pipeline was hit by drones

Saudi Arabia says its oil pipeline was hit by drones

DUBAI, United Arab Emirates — An oil pipeline that runs across Saudi Arabia was hit Tuesday by drones, the Saudi energy minister said, as regional tensions flared just days after what the kingdom called an attack on two of its oil tankers near the Pe
Aurora Cannabis cuts quarterly loss to $158M while growing sales to a new high

Aurora Cannabis cuts quarterly loss to $158M while growing sales to a new high

EDMONTON — Aurora Cannabis Inc. is reporting 20 per cent higher revenue and a 33 per cent lower net loss for the first three months of 2019 compared with the last quarter of 2018.
Tilray revenue soars nearly 200 per cent, net loss grows in first quarter

Tilray revenue soars nearly 200 per cent, net loss grows in first quarter

NANAIMO, B.C. — Tilray Inc. expects Canada's cannabis supply could become balanced within the next two years, while the cannabis producer ramps up its production and manufacturing footprint in the country.
Disney takes over Hulu from Comcast as stream wars heat up

Disney takes over Hulu from Comcast as stream wars heat up

NEW YORK — Disney is taking full control of Hulu from Comcast, as both companies prepare to launch their own streaming services in response to declining audiences for traditional TV.
Maker of OxyContin gets hit with another state lawsuit

Maker of OxyContin gets hit with another state lawsuit

PHILADELPHIA — The company that makes OxyContin did not stop pitching the powerful opioid painkiller to doctors even when its sales representatives raised concerns that they were prescribing the drug inappropriately, the Pennsylvania attorney general
UK's May to make new push on her Brexit deal next month

UK's May to make new push on her Brexit deal next month

LONDON — British Prime Minister Theresa May will try again next month to secure Parliament's backing for a Brexit deal so that the U.K. can leave the European Union this summer, May's office said Tuesday.