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California phasing out gas vehicles in climate change fight
SACRAMENTO, Calif. (AP) — California set itself on a path Thursday to end the era of gas-powered cars, with air regulators adopting the world's most stringent rules for transitioning to zero-emission vehicles.
Aug 25, 2022 6:56 PM
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Waterloo's OpenText to acquire U.K. software giant Micro Focus in $6B deal
Waterloo, Ont.-based tech company OpenText says it will acquire Micro Focus International plc in a deal valued at $6 billion. The all-cash deal will see OpenText acquire the U.K.
Aug 25, 2022 4:37 PM
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Many Canadian doctors struggle with burnout, depression and anxiety: survey
TORONTO — The well-being of physicians across Canada has significantly decreased with many doctors reporting poorer mental health than before the COVID-19 pandemic, a new survey suggests.
Aug 25, 2022 4:10 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,172.34, up 150.96 points.) Barrick Gold Corp. (TSX:ABX). Materials. Down four cents, or 0.19 per cent, to $21.15 on 17.
Aug 25, 2022 3:54 PM
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North American markets move higher as investors await Jackson Hole conference
Canada's main stock index gained more than 150 points Thursday and U.S. markets also edged higher in advance of a highly anticipated meeting of the U.S. Federal Reserve in Jackson Hole, Wyo. The S&P/TSX composite index closed up 150.
Aug 25, 2022 3:22 PM
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TD Bank follows peers in preparing for economic downturn, hitting Q3 profit
TORONTO — TD Bank Group followed several of its peers in reporting a profit drop for the third quarter as banks set aside funds for a potential recession ahead, even as loans continued to grow and consumer savings rates remained elevated.
Aug 25, 2022 2:45 PM
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Bank of Canada starts search for new deputy governor with revised role
OTTAWA — The Bank of Canada has started its search for its next deputy governor, which it says will now be a part-time, non-executive role. The fourth deputy governor of the central bank will replace Timothy Lane, who is set to retire on Sept. 16.
Aug 25, 2022 2:43 PM
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US stocks rise again as countdown to Fed speech nears end
NEW YORK (AP) — Stocks are closing higher on Wall Street, clawing back more of their recent losses, as the countdown clicks closer to zero for a highly anticipated speech about interest rates. The S&P 500 rose 1.4% Thursday.
Aug 25, 2022 2:08 PM
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CIBC sees profit dip as it set aside more money for potentially bad loans
TORONTO — CIBC reported a drop in earnings Thursday from a year ago as it set aside more money for potentially bad loans amid rising interest rates. The bank reported a net income of $1.67 billion in its third quarter, down from $1.
Aug 25, 2022 12:08 PM
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Beware the high-wire act of wire transfers, which carry unexpected risks
TORONTO — When Alexander Nachaj needed to wire the down payment on a house, he didn't worry much about it — he just headed down to his local bank branch to send it along to the notary.
Aug 25, 2022 10:58 AM
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