U.S., others say APEC walkout aimed at Russia over invasion

The United States and four other nations that walked out of an Asia-Pacific Economic Cooperation group meeting in Bangkok over the weekend underlined their support Monday for host nation Thailand, saying their protest was aimed solely at Russia because of its invasion of Ukraine.
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Walk out at trade meeting when Russia spoke 'not one-off,' says trade minister

Canada's international trade minister has warned the walkout she staged when a Russian representative began his remarks at a meeting of trade ministers in Bangkok over the weekend is "not a one-off".
Mary Ng said she would be prepared to take the same action again if Russian officials address similar delegations in the future, adding that country's invasion of Ukraine means circumstances on the international stage are "not business as usual.
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When Kathleen Cassidy goes grocery shopping these days, she's noticed that while so many prices are going up, others stay the same — but there's less inside.
Take laundry detergent pods, for example.
"I used to get 40 of those, now I only get 38.
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Biden launches Indo-Pacific trade deal, warns over inflation

U.S. President Joe Biden launched a new trade deal with 12 Indo-Pacific nations Monday aimed at strengthening their economies as he warned Americans worried about high inflation that it is "going to be a haul" before they feel relief.
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America needs more baby formula. But it's an extremely tricky business

Industry insiders have long feared a situation just like this: American parents are desperately seeking adequate supply of formula for their infants during a nationwide shortage.
The formula shortage has exposed an inflexible industry dominated by just three to four large players that own a majority of formula production in the United States.
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Zelenskyy urges 'maximum' sanctions on Russia in Davos talk

Ukrainian President Volodymyr Zelenskyy called for "maximum" sanctions against Russia during a virtual speech Monday to corporate executives, government officials and other elites on the first day of the World Economic Economic gathering in Davos.
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First Canadian rare earth mine starts shipping concentrate from N.W.T.

Canada has begun supplying the world with minerals critical to a greener economy with the country's first rare earth mine delivering concentrated ore.
"Canada and its allies are gaining independence from the rare earth supply chain from China," said David Connelly of Cheetah Resources, which owns the Nechalacho Mine southwest of Yellowknife in the Northwest Territories.
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U.S. stocks gain ground following 7 straight weeks of losses

Stocks rose in morning trading on Wall Street Monday following seven weeks of declines that nearly ended the bull market that began in March 2020.
The S&P 500 rose 1.2% as of 10:47 a.m.
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Wall Street ends higher following 7 straight weeks of losses

Stocks closed higher on Wall Street Monday following seven weeks of declines that nearly ended the bull market that began in March 2020. The S&P 500 rose 1.9%, the Dow Jones Industrial Average rose 2% and the Nasdaq rose 1.6%.
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Biden to lay out in Japan who's joining new Asia trade pact

U.S. President Joe Biden on Monday is set to launch a new Indo-Pacific trade pact designed to signal U.S. dedication to the region and address the need for stability in commerce after the chaos caused by the pandemic and Russia's invasion of Ukraine.
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Wall Street poised for gains after flirting with bear market

Wall Street pointed toward gains before markets opened Monday after dipping close to the edge of a bear market to close the week Friday.
Futures for the Dow Jones Industrials rose 1% and the S&P 500 climbed 1.1% in premarket trading.
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Soaring fuel prices hamper Canadians' long-awaited travel plans

After two years of lockdowns and travel restrictions, many Canadians are eager to pack their bags and finally hit the road.
However, there's a hitch. While travellers no longer have to worry about a COVID-19 test to return home, they face a new hurdle: rising travel costs fuelled by increased demand and sky-high oil prices.
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