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Powell: Federal Reserve is on track to cut rates, though not likely for months
WASHINGTON (AP) — Interest rate cuts are coming. Just not yet. The Federal Reserve delivered that message Wednesday, first in a policy statement and then in a news conference at which Chair Jerome Powell reinforced it.
Jan 31, 2024 5:13 PM
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TSX, U.S. markets slide Wednesday on tech losses and hawkish Fed remarks
TORONTO — Canada's main stock index fell more than 200 points Wednesday on broad-based weakness, while U.S. markets also fell, led by losses in the tech sector. Markets were mixed for much of the day, led by weakness in tech, but after the U.S.
Jan 31, 2024 5:13 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 (21,021.88, down 205.99 points): Enbridge Inc. (TSX:ENB). Energy. Down 45 cents, or 0.93 per cent, to $47.74 on 14.8 million shares.
Jan 31, 2024 5:06 PM
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Manulife, Loblaw need to 'get the message' on competition following deal: minister
The federal minister in charge of promoting competition says he's concerned about a deal between Manulife Financial Corp. and Loblaw Cos. Ltd.
Jan 31, 2024 5:00 PM
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Stock market today: Slumping tech stocks and dashed hopes of quick rate cuts push Wall Street lower
NEW YORK (AP) — Wall Street fell to its worst loss in since September after Big Tech stocks got burned by the downside of high expectations and the Federal Reserve indicated cuts to interest rates likely aren’t imminent. The S&P 500 lost 1.
Jan 31, 2024 4:15 PM
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US pins blame for deadly drone strike on Iran-backed militias in the Islamic Resistance in Iraq
WASHINGTON (AP) — The United States on Wednesday attributed the drone attack that killed three U.S.
Jan 31, 2024 4:02 PM
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Henniges Automotive closing plant in Burlington, Ont., by end of the year
TORONTO — Henniges Automotive Holdings Inc. says it will close its Burlington, Ont., plant which makes vehicle sealing systems by the end of the year.
Jan 31, 2024 2:49 PM
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Deloitte Canada launches advisory practice focused on Indigenous communities
TORONTO — Deloitte Canada says it has launched a dedicated practice focused on helping build capacity and opportunity for Indigenous peoples and nations.
Jan 31, 2024 1:20 PM
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Browning West will offer board nominees at Gildan AGM instead of special meeting
MONTREAL — A U.S. investor looking to replace a majority of the board of directors at Gildan Activewear Inc. says it will offer its slate of candidates for election at the company's annual meeting instead of a separate shareholder gathering.
Jan 31, 2024 12:54 PM
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Economic bounceback at the end of 2023 could push back rate cuts, economists say
OTTAWA — Canada's economy appears to have ended 2023 on a stronger note than expected, which economists say could push back the timeline for interest rate cuts this year. Statistics Canada reported Wednesday the economy grew 0.
Jan 31, 2024 12:26 PM
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