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National Business
Federal Reserve minutes: Some officials wanted to raise interest rates last month
WASHINGTON (AP) — Some Federal Reserve officials pushed to raise the Fed’s key interest rate by one-quarter of a percentage point at their meeting last month to intensify their fight against high inflation, though the central bank ultimately decided
Jul 5, 2023 6:36 PM
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Stalemate: UPS, Teamsters contract talks break down with each side blaming the other
Contract negotiations between UPS and the union representing 340,000 of the company's workers broke down early Wednesday with each side blaming the other for walking away from talks.
Jul 5, 2023 6:32 PM
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Strike could cost $250 million per week, experts say, with consumers taking a hit too
The B.C. port workers strike could cost companies hundreds of millions of dollars per week, experts and business groups say, with smaller operators and consumers feeling the biggest pinch.
Jul 5, 2023 5:14 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,103.89, down 100.98): Canopy Growth Corp. (TSX:WEED). Healthcare. Down 12 cents, or 16.44 per cent, to 61 cents on 8.
Jul 5, 2023 4:48 PM
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How did the federal government and Meta reach an impasse over the Online News Act?
Tensions between Ottawa and tech giants further escalated on Wednesday over Canada's recently passed Online News Act.
Jul 5, 2023 4:45 PM
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S&P/TSX composite down more than 100 points Wednesday, U.S. markets also fall
TORONTO — Canada's main stock index was down more than 100 points Wednesday amid broad-based weakness, while U.S. stock markets also slumped.
Jul 5, 2023 4:34 PM
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Stock market today: Wall Street drifts lower as markets worldwide pull back
NEW YORK (AP) — Wall Street edged lower following a rally that sent it roaring 16% higher for the year so far. The S&P 500 slipped 0.2% Wednesday, edging down from its highest level since April 2022. The Dow fell 129 points, or 0.4%.
Jul 5, 2023 4:10 PM
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Mitigation efforts continue at Suncor in wake of cyberattack
CALGARY — Canada's top technical authority on cybersecurity is working closely with Suncor Energy Inc. in the aftermath of a high-profile systems breach at the oil and gas giant.
Jul 5, 2023 3:32 PM
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Watchdog unveils guidelines to support mortgage-holders under financial stress
Canada's financial consumer watchdog is warning lenders not to take advantage of mortgage holders who are facing severe financial stress as interest rates and the cost of living rise.
Jul 5, 2023 3:26 PM
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Auto sales continue to rise in June, up 12.6 per cent from last year: DesRosiers
RICHMOND HILL, Ont. — DesRosiers Automotive Consultants Inc. says June brought another strong month for auto sales. The consultancy firm says total light vehicle sales for the month were up 12.6 per cent from a year ago.
Jul 5, 2023 12:27 PM
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