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Goldman Sachs takes majority stake in alternative lender Financeit

Goldman Sachs takes majority stake in alternative lender Financeit

TORONTO — Alternative lender Financeit says Goldman Sachs has taken a majority stake in the company though a second round of investment.
What stays, what goes: Disney and Murdoch after the sale

What stays, what goes: Disney and Murdoch after the sale

NEW YORK — Disney is buying a large part of Fox , but Fox News Channel and other U.S. television businesses are staying with the Murdoch family. Here's a look at what the Disney and Murdoch empires will look like under The Walt Disney Co.'s $52.
European Central Bank keeps stimulus measures on track

European Central Bank keeps stimulus measures on track

FRANKFURT — With the eurozone economy showing strong growth, the European Central Bank left its interest rates and stimulus measures unchanged Thursday as it looks ahead to the delicate matter of ending its bond-purchase program next year.
US 30-year, fixed-rate mortgage rate slips to 3.93 per cent

US 30-year, fixed-rate mortgage rate slips to 3.93 per cent

WASHINGTON — The rate on 30-year fixed-rate U.S. mortgages slipped to 3.93 per cent this week. Mortgage buyer Freddie Mac said Thursday that the benchmark 30-year home loan rate was down from 3.94 per cent last week and 4.16 per cent a year ago.
Santa buying you a new smartphone? Be sure to check your contract plan twice

Santa buying you a new smartphone? Be sure to check your contract plan twice

TORONTO — If a new smartphone is on your holiday shopping list, either as a gift or for yourself, there are a lot of possible choices to make — but some decisions about your contract could cost a lot more than you expect.

Applications for US jobless aid drop by 11,000 to 225,000

WASHINGTON — The number of Americans applying for unemployment benefits fell by 11,000 last week to 225,000, the lowest in nearly two months and another sign that U.S. workers are enjoying job security.

EPA chemical safety nominee drops out amid strong opposition

WASHINGTON — President Donald Trump's pick to oversee chemical safety at the Environmental Protection Agency withdrew his nomination Wednesday after bipartisan opposition made his Senate confirmation unlikely.
GOP says it's got a deal on taxes; cuts coming for next year

GOP says it's got a deal on taxes; cuts coming for next year

WASHINGTON — Confident congressional Republicans forged an agreement Wednesday on a major overhaul of the nation's tax laws that would provide generous tax cuts for corporations and the wealthiest Americans — Donald Trump among them — and deliver the

A timeline look at the Argos' sometimes messy, sometimes amusing ownership saga

TORONTO — The Toronto Argonauts' ownership situation has gone from eight decades of stability under the Argonaut Rowing Club following the team's founding in 1873 to a circus that required CFL intervention in the early 2000s.
Alberta backs three companies to build four wind power projects in auction

Alberta backs three companies to build four wind power projects in auction

CALGARY — Bids in an auction to pick renewable energy projects were so attractive that the Alberta government decided to back proposals to build 600 megawatts of new generation, 50 per cent higher than its goal of 400 MW.