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Stocks dip as Wall Street braces for higher interest rates
NEW YORK (AP) — Stocks dipped as Wall Street braced for interest rates to stay higher for longer with inflation remaining stubbornly sticky. The S&P 500 fell 0.5% Wednesday.
Mar 1, 2023 2:05 PM
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National Bank reports $881M Q1 profit, down from $930M a year earlier
MONTREAL — National Bank of Canada said Wednesday that it would take a cautious approach to growth as it reported first quarter profits that were down as provisions for credit losses ticked up.
Mar 1, 2023 2:01 PM
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Oil and gas investment in Canada to hit $40 billion in 2023, industry group says
CALGARY — Investment in oil and gas production in Canada will jump by 11 per cent to hit $40 billion in 2023, the country's largest fossil fuel industry group said Wednesday.
Mar 1, 2023 1:58 PM
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TD takeover of First Horizon in doubt as it looks to extend close again
TORONTO — TD Bank Group's US$13.4-billion takeover of First Horizon is in doubt as it looks to further extend the closing date of the deal.
Mar 1, 2023 1:16 PM
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Calgary housing inventory sinks to 2006 levels, sales almost halved: Alberta board
CALGARY — The Calgary Real Estate Board says last month's inventory levels were among the lowest the market has seen in February since 2006 as sales were almost halved from a year ago.
Mar 1, 2023 11:49 AM
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Enbridge earmarks $3.3 billion for Gulf Coast storage plant, other projects
CALGARY — A U.S. Gulf Coast gas storage facility and a stake in a company developing fuel from waste food are among a string of new investments announced by Canadian energy giant Enbridge Inc. on Wednesday.
Mar 1, 2023 11:25 AM
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Shopify creates new career tracks with even compensation for managers and 'crafters'
OTTAWA — Shopify Inc. is revamping its staffing and compensation model. The Ottawa-based e-commerce company says staff will now be split into two career tracks: managers and crafters.
Mar 1, 2023 11:02 AM
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RBC reports Q1 profit down as expenses, provisions for credit losses rise
TORONTO — Royal Bank of Canada saw profits slip in the first quarter as it joined other banks in setting more money aside for tougher economic conditions ahead, though like others it also benefited from higher capital markets revenue as the uncertain
Mar 1, 2023 10:38 AM
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Insolvency filings in Canada in January up 33.7% compared with a year earlier
OTTAWA — Insolvencies in Canada surged by a third in January compared with a year ago as consumers struggled with rising prices and higher interest rates, the Office of the Superintendent of Bankruptcy said Wednesday.
Mar 1, 2023 10:27 AM
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Bell and Telus customers will face higher roaming rates beginning next week
TORONTO — Some Canadians will pay more to use their cellphones while travelling abroad beginning next week. Telus and Bell say they are raising roaming rates, effective March 8 and 9, respectively.
Mar 1, 2023 9:38 AM
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