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‘A tale of two economies’: Interest rate policy in Canada and U.S. diverging
With monetary policy at the Bank of Canada and U.S. Federal Reserve diverging, experts say it could set the Canadian dollar up for volatility down the road.
Jun 12, 2024 2:39 PM
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Stock market today: Wall Street climbs on hopes for coming cuts to interest rates
NEW YORK (AP) — U.S. stocks closed higher following a surprisingly encouraging update on inflation. The S&P 500 rose 0.
Jun 12, 2024 2:10 PM
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US inflation cooled in May in a sign that price pressures may be easing
WASHINGTON (AP) — Inflation in the United States eased in May for a second straight month, a hopeful sign that an acceleration of prices that occurred early this year may have passed.
Jun 12, 2024 1:58 PM
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Federal Court orders Amazon to turn over review, ratings docs to Competition Bureau
A new court order is requiring Amazon to hand internal records related to its review and ratings programs over to Canada's competition watchdog.
Jun 12, 2024 1:53 PM
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Sony Pictures acquires Alamo Drafthouse Cinema, the dine-in movie theater chain
Sony Pictures Entertainment is getting into the exhibition business.
Jun 12, 2024 1:36 PM
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Elon Musk drops lawsuit against ChatGPT-maker OpenAI without explanation
SAN FRANCISCO (AP) — Elon Musk has dropped his lawsuit against OpenAI just ahead of a scheduled Wednesday hearing on the case.
Jun 12, 2024 11:45 AM
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ADW Capital Management calls for strategic review at GFL Environmental
TORONTO — ADW Capital Management LLC has sent a letter to the board and management of GFL Environmental Inc. calling on the company to undertake a strategic review process. The U.S.
Jun 12, 2024 10:31 AM
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US widens sanctions on Russia to discourage countries such as China from doing business with Moscow
The United States widened its sanctions against Russia Wednesday as G7 leaders prepared to gather in Italy for a summit where the top priorities will be boosting support for Ukraine and grinding down Russia’s war machine.
Jun 12, 2024 10:29 AM
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Every new home built requires $100,000 in infrastructure spending: report
As Canada aims to build homes faster, both the public and private sectors will need to boost spending on municipal infrastructure, a new report from the Canadian Urban Institute says.
Jun 12, 2024 9:20 AM
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Quebecor complains to Competition Bureau about Loblaw-Glentel agreement
MONTREAL — Quebecor Inc. says it has filed a complaint with the Competition Bureau regarding an agreement between Loblaw and wireless carriers Bell and Rogers, through their joint venture Glentel.
Jun 12, 2024 8:02 AM
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