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Smith Financial looks to merge portfolio companies Fairstone Bank and Home Trust

Smith Financial looks to merge portfolio companies Fairstone Bank and Home Trust

TORONTO — Smith Financial Corp. is merging a pair of its portfolio companies in a move it says will create the leading alternative lender in Canada.
S&P/TSX composite ticks lower Tuesday, U.S. markets also take a dip

S&P/TSX composite ticks lower Tuesday, U.S. markets also take a dip

TORONTO — Canada's main stock index was down almost 30 points Tuesday, led by weakness in energy and base metals, while U.S. markets also moved into the red after drifting higher for most of the day. A late-day drop for Nvidia dragged U.S.
Trump's social media company gains in its first day of trading on Nasdaq

Trump's social media company gains in its first day of trading on Nasdaq

NEW YORK (AP) — Shares of Donald Trump’s social media company rose about 16% in the first day of trading on the Nasdaq, boosting the value of Trump's large stake in the company as well as the smaller holdings of fans who purchased shares as a show of
Stock market today: Wall Street pulls back further from its all-time highs

Stock market today: Wall Street pulls back further from its all-time highs

NEW YORK (AP) — Wall Street slipped a bit further from its record heights. The S&P 500 fell 0.3% Tuesday for its third straight modest drop. The Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite fell 0.4%.
CFIB says 200,000 small businesses took new loans to meet CEBA repayment deadline

CFIB says 200,000 small businesses took new loans to meet CEBA repayment deadline

TORONTO — Roughly 200,000 small businesses took on new debt to access the forgivable portion of their pandemic relief loans from the federal government, the Canadian Federation of Independent Business said Tuesday.
Parkland puts 157 convenience store and fuel station locations up for sale

Parkland puts 157 convenience store and fuel station locations up for sale

CALGARY — Fuel retailer Parkland Corp. has engaged two real estate firms to help it sell 157 of its gas and convenience store locations across six provinces.
Enbridge joint venture to connect Permian Basin natural gas to U.S. Gulf Coast

Enbridge joint venture to connect Permian Basin natural gas to U.S. Gulf Coast

CALGARY — Pipeline giant Enbridge Inc. has signed a deal to form a joint venture to help connect Permian Basin natural gas to liquefied natural gas export terminals on the U.S. Gulf Coast.
Need to improve Canadian productivity has reached emergency level, BoC official says

Need to improve Canadian productivity has reached emergency level, BoC official says

HALIFAX — A senior Bank of Canada official says the need to improve productivity has reached an emergency level as the economy faces a future where inflation may be more of a threat than in the past few decades.
Canadian National Railway Co. releases new Indigenous relations policy

Canadian National Railway Co. releases new Indigenous relations policy

MONTREAL — Canadian National Railway Co. has released a new Indigenous relations policy for the railway months after its advisory council of prominent Indigenous leaders resigned en masse.
These companies have laid off Canadian workers in 2024

These companies have laid off Canadian workers in 2024

Canadians are continuing to be laid off as part of a wave of job cuts that began in 2023 as companies assessed their operations after the height of the COVID-19 pandemic passed.