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Almost 3,800 businesses in three regions at risk from flooding: StatCan

Almost 3,800 businesses in three regions at risk from flooding: StatCan

OTTAWA — Statistics Canada says almost 3,800 business locations were at risk of being affected by spring flooding in three of the hardest hit regions of the country.
North American stock markets up at late-morning, loonie also higher

North American stock markets up at late-morning, loonie also higher

TORONTO — Strength in the financial sector helped Canada's main stock index move higher in late-morning trading, while U.S. stock markets also gained ground. The S&P/TSX composite index was up 35.17 points at 16,199.78.
US orders for long-lasting goods fall 2.1% in April

US orders for long-lasting goods fall 2.1% in April

WASHINGTON — Orders to U.S. factories for large manufactured goods fell sharply last month, pulled down by lower demand for commercial aircraft and cars.
Torstar closing Hamilton printing and mailroom operations

Torstar closing Hamilton printing and mailroom operations

TORONTO — Torstar Corp. says it will close its Hamilton printing and mailroom operations this summer and look at selling the property.
CMHC defends mortgage stress test changes amid calls for loosening rules

CMHC defends mortgage stress test changes amid calls for loosening rules

The CEO of Canada Mortgage and Housing Corporation is forcefully defending mortgage stress test rules and warning federal policy-makers to hold the line amid calls for softening the measure from industry associations.

Dressbarn expects to have all its stores shut by end of 2019

NEW YORK — Dressbarn says it expects to have all its 650 stores closed by the end of this year. The women's clothing chain announced earlier this week that it was shutting all its stores but hadn't given a timeline for the closures until Thursday.
Tesla shares bounce on leaked memo about rising sales

Tesla shares bounce on leaked memo about rising sales

Shares of Tesla, suffering one of the worst stretches in company history, rebounded Thursday after CEO Elon Musk told employees that orders are up. The company's stock closed up 1.4% to $195.49 on a volatile day that started out with a loss.
Pot backers ask Maine to put locals, small businesses first

Pot backers ask Maine to put locals, small businesses first

PORTLAND, Maine — Marijuana enthusiasts in Maine used a public hearing Thursday to implore the state to protect the small businesses and growers they think should make up the backbone of its budding cannabis industry.

Trade impasse: Trump pledges $16B to farmers; markets slump

WASHINGTON — President Donald Trump rolled out another $16 billion in aid for farmers hurt by his trade policies, and financial markets shook Thursday on the growing realization that the U.S.
Toronto stock market has worst day of the year on trade angst and oil price drop

Toronto stock market has worst day of the year on trade angst and oil price drop

TORONTO — Canada's main stock index suffered its worst day of the year on Thursday as trade uncertainty and a big drop in oil prices weighed heavily on the energy sector. The S&P/TSX composite index closed down 162.74 points to 16,164.