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National Business
Powell: 'Soft' economic landing may be out of Fed's control
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell, fresh off winning Senate confirmation for a second term earlier in the day, acknowledged for the first time Thursday that high inflation and economic weakness overseas could thwart his efforts to
May 12, 2022 6:12 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 (19,699.05 down 138.20 points.) Enbridge Inc. (TSX:ENB). Energy. Down 48 cents, or 0.86 per cent, to $55.58 on 19.5 million shares.
May 12, 2022 5:44 PM
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S&P/TSX composite continues its slide into bear market territory
The S&P/TSX composite index continued its slide into bear market territory Thursday, suffering a sixth straight session of losses.
May 12, 2022 5:22 PM
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Sources: Hyundai to set $7B Georgia plant during Biden visit
ATLANTA (AP) — South Korean automaker Hyundai Motor Group is expected to announce next week it’s building a massive electric vehicle plant near Savannah, Georgia, according to a U.S. official familiar with the anticipated announcement.
May 12, 2022 5:10 PM
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WSP Global beats earnings expectations as it locks down large projects
MONTREAL — WSP Global Inc. secured key project wins across three continents this year, boosting profits and revenue and beating expectations in its first quarter.
May 12, 2022 5:03 PM
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Manitoba business group wants tax review; premier says she's willing
WINNIPEG — The Manitoba government is open to the idea of a wide-ranging review of its taxes to remain competitive with other provinces, Premier Heather Stefanson said Thursday.
May 12, 2022 4:50 PM
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Airport delays effectively forcing flight attendants to work for free: Union
MONTREAL — Flight attendants are effectively forced to work for free amid growing tarmac delays — particularly at Toronto's Pearson airport — according to the employees' biggest union.
May 12, 2022 4:37 PM
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BoC's Gravelle says "perfect storm" fueling inflation, but key differences from '70s
The Bank of Canada's deputy governor is blaming a "perfect storm" of factors for driving the country's inflation to a decades-high rate, as one Conservative party leadership candidate says the rising prices is reason enough for the head of the bank t
May 12, 2022 4:28 PM
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Higher interest rates push homes sales in B.C. back toward normal: association
VANCOUVER — The British Columbia Real Estate Association says the sharp increase in mortgage rates is pushing the province's home sales down "a path to normalizing," although it estimates a balanced market is at least a year away.
May 12, 2022 4:08 PM
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Senate confirms Powell for 2nd term as Fed fights inflation
WASHINGTON (AP) — The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving bipartisan backing to Powell's high-stakes efforts to curb the highest inflation in four decades.
May 12, 2022 3:39 PM
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