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RBC's takeover of HSBC Canada means less competition on mortgage rates: expert
The rubberstamped sale of HSBC's Canadian operations to RBC will lessen competition onmortgage rates, says one analyst who touted the bank's key role in lowering borrowing costs through its presence in Canada.
Dec 22, 2023 2:16 PM
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Federal Reserve's favored inflation gauge tumbles in November as prices continue to ease
WASHINGTON (AP) — The Federal Reserve’s preferred measure of prices fell last month, another sign that inflation is easing and that Americans should benefit from reduced interest rates and get relief from painful price shocks in 2024.
Dec 22, 2023 11:20 AM
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Federal government posts $15.1 billion deficit between April and October this year
OTTAWA — The federal government recorded a budgetary deficit of $15.1 billion between April and October, $7 billion of which was in October.
Dec 22, 2023 11:00 AM
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GDP flat for third straight month in Oct. as economy 'continued to sputter': StatCan
Statistics Canada says the economy flatlined once again, with GDP showing no growth in October for the third straight month.
Dec 22, 2023 10:07 AM
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Cardinal Capital Management joins calls for Chamandy to return as Gildan CEO
WINNIPEG — Another shareholder of Gildan Activewear Inc. has joined calls for the company to reinstate Glenn Chamandy as CEO.
Dec 21, 2023 5:34 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 (20,765.73, up 164.92 points): TC Energy Corp. (TSX:TRP). Energy. Up 43 cents, or 0.82 per cent, to $52.80 on 17.4 million shares.
Dec 21, 2023 4:54 PM
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TSX rises more than 150 points as markets gain back some of Wednesday's losses
TORONTO — Strength in base metal and utilities stocks helped Canada's main stock index rise more than 150 points on Thursday, while U.S. stock markets also climbed higher.
Dec 21, 2023 4:44 PM
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BlackBerry shares down more than 10%, looking to cut costs
TORONTO — Shares of BlackBerry Ltd. were down 13.5 per cent after the company released its latest quarterly results and its new chief executive said he has his eye on cutting costs. Shares in the company closed down 74 cents at $4.
Dec 21, 2023 4:43 PM
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Energy Fuels starts uranium production at three mines, shares rise
TORONTO — Shares of Energy Fuels Inc. were up after the company said it has started production at three of its uranium mines in the United States and was preparing to start production at two more.
Dec 21, 2023 4:41 PM
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Stock market today: Wall Street bounces back after a big loss, S&P 500 again nears record
NEW YORK (AP) — Several strong profit reports helped Wall Street claw back most of its sharp loss from the prior day. The S&P 500 rose 1% Thursday and is back within 1% of its all-time high a day after its worst drop in nearly three months.
Dec 21, 2023 4:07 PM
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