Canada’s unemployment rate climbs, 7-Eleven rejects Couche-Tard offer and a salmon farming gamble: Business and investing news for Sept. 8

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Plus, Canada’s banks under pressure due to growing competition in a ‘ruthless oligopoly’, RBC chief executive says

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for a third consecutive time, paving the way for additional rate cuts in the coming months. The central bank also reiterated that economic growth needs to pick up so that inflation doesn’t fall below the 2-per-cent target.Japanese parent company of the 7-Eleven chain of convenience stores Seven & i Holdings Co., Ltd. has, saying the proposal grossly undervalues the company.

 

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