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RONA Inc. eliminating 500 jobs across Canada

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RONA said in a press release Thursday evening that it needed to adapt to reflect new market realities amid a slowing economy

RONA Inc. says it’s eliminating 500 jobs across Canada in a bid to simplify its organizational structure.

The Canadian economy has been showing some signs of weakness amid higher interest rates as the central bank seeks to quell inflation.The Canadian consumer has proven resilient amid tightening conditions, with household spending helping to buoy the economy’s growth in the first quarter.

 

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