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Freeland leaves the door open to further action to address economic volatility
TORONTO — The federal government is prepared to take further action to address more severe economic volatility, but Finance Minister Chrystia Freeland wouldn't say if a hard landing for Canada's housing market would be the trigger for such moves.
Jun 16, 2022 6:45 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 (19,004.06, down 607.50 points.) Athabasca Oil Corporation (TSX:ATH). Energy. Down seven cents, or 2.3 per cent, to $2.96 on 11.
Jun 16, 2022 5:59 PM
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S&P/TSX composite down more than 600 points amid hangover from Fed rate hike
North American markets faced a harsh reckoning Thursday following the U.S. Federal Reserve's outsize rate hike a day earlier, with Canada's main stock index dropping more than 600 points at closing time.
Jun 16, 2022 5:35 PM
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Basic income would ease poverty but require higher taxes, spending cuts: Study
HALIFAX — A guaranteed basic income in Canada would help alleviate poverty but could also put the fiscal sustainability and labour supply of some provinces at risk, a new study published Thursday says.
Jun 16, 2022 5:08 PM
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Avenatti pleads guilty to fraud, tax charges in California
SANTA ANA, Calif.
Jun 16, 2022 5:03 PM
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WestJet's new strategy will see company invest 'majority' of fleet in Western Canada
CALGARY — The WestJet Group says it plans to refocus its routes and fleet on Western Canada. The Calgary-based airline says in the wake of a strategic review, it has decided to shift resources to grow its presence in the West.
Jun 16, 2022 4:56 PM
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AP Interview: Biden says a recession is 'not inevitable'
WASHINGTON (AP) — President Joe Biden told The Associated Press on Thursday that the American people are “really, really down” after a tumultuous two years with the coronavirus pandemic , volatility in the economy and now surging gasoline prices that
Jun 16, 2022 4:46 PM
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Telus signs deal to buy LifeWorks in deal valued at $2.9 billion including debt
VANCOUVER — Telus Corp. has signed a deal to buy LifeWorks Inc. valued at $2.9 billion including debt as it pushes further into employee wellness and healthcare services.
Jun 16, 2022 1:02 PM
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Floodwaters from Yellowstone surge through eastern Montana
BILLINGS, Mont. (AP) — Montana’s largest city restarted its water plant Thursday after shutting it down amid record flooding that’s caused widespread damage in Yellowstone National Park and surrounding communities.
Jun 16, 2022 10:35 AM
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Extending mortgage period could keep payments in check even as rates rise
OTTAWA — Canadian homeowners may be in for a shock when it's time to renew their mortgages, since rising interest rates mean their monthly loan payments will likely climb higher, too.
Jun 16, 2022 10:07 AM
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