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Powell: Fed on track to slow aid for economy later this year
WASHINGTON (AP) — The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Friday, signaling the beginning of the end of the Fed’s extraordinary response to the
Aug 27, 2021 3:21 PM
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Banks report Q3 growth but hold on to rainy day funds amid uncertain economic outlook
TORONTO — Canada's Big Six banks were optimistic on the economy this week as they reported a jump in profits from last year, but they continue to hold significant loan loss reserves as uncertainty remains around COVID-19 variants and what it means fo
Aug 27, 2021 3:10 PM
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Air Canada's strict new employee vaccine policy could set new workplace bar: experts
CALGARY — Air Canada’s decision not to offer rapid testing as an alternative for employees who refuse to be vaccinated against COVID-19 sets a tough new precedent that other companies may emulate, experts say.
Aug 27, 2021 2:48 PM
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Nova Scotia Securities Commission says man defrauded five people in loan scheme
HALIFAX — A man and his Halifax-based company defrauded five people of hundreds of thousands of dollars in a fake loan scheme, a Nova Scotia Securities Commission panel ruled earlier this week.
Aug 27, 2021 1:12 PM
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Tokyo Smoke cannabis stores to open at four Ontario malls: Canopy Growth
SMITHS FALLS, Ont. — Canopy Growth Corp. says its Ontario franchisee will open Tokyo Smoke cannabis stores in four malls. Canopy head of retail Lacey Norton says Katz Group will bring the Smiths Falls, Ont.
Aug 27, 2021 9:19 AM
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CWB Financial Group reports Q3 profit up from year ago, beats expectations
EDMONTON — CWB Financial Group beat expectations as it reported its third-quarter profit rose compared with a year ago, helped by revenue growth and lower provisions for bad loans.
Aug 27, 2021 8:50 AM
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US consumer spending slows to 0.3% gain in July
WASHINGTON (AP) — Growth in U.S. consumer spending slowed in July to a modest increase of 0.3% while inflation over the past 12 months rose to the fastest pace in three decades. The July increase in spending was down sharply from a 1.
Aug 27, 2021 8:48 AM
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Marchers compare deadly coal battle to Manchin's wage stance
CHARLESTON, W.Va. (AP) — A grassroots group on Thursday recalled the centennial of a deadly fight to organize West Virginia coal miners in urging Sen. Joe Manchin to support higher wages and better voting protections.
Aug 26, 2021 6:44 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 (20,504.15, down 83.17 points.) Suncor Energy Inc. (TSX:SU). Energy. Up 11 cents, or 0.47 per cent, to $23.65 on 22.6 million shares.
Aug 26, 2021 5:40 PM
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U.S. and Canadian stock markets lower as investors anticipate economic summit
TORONTO — North American stock markets faltered on Thursday as investors held their breath for a U.S. Federal Reserve meeting Friday.
Aug 26, 2021 5:16 PM
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