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CP Rail's US$31billion takeover of KCS gains final regulatory approval

CP Rail's US$31billion takeover of KCS gains final regulatory approval

CALGARY — The U.S. rail regulator is giving a green light to Canadian Pacific Railway Ltd. to take control of Kansas City Southern Railway Co. as early as April 14.
Regulator says Silicon Valley Bank's Canadian assets being restructured

Regulator says Silicon Valley Bank's Canadian assets being restructured

OTTAWA — Canada's banking regulator says the Canadian branch of Silicon Valley Bank is being restructured in a way that will allow it to continue operations in the country.
French strike nationwide as garbage piles up over pensions

French strike nationwide as garbage piles up over pensions

PARIS (AP) — A joint committee of Senate and National Assembly lawmakers has validated French President Emmanuel Macron's pension plan, meaning it could be submitted to votes by both houses of Parliament on Thursday, unless his government chooses to
LockBit carried out 101 cyberattacks in February: NordLocker report

LockBit carried out 101 cyberattacks in February: NordLocker report

A digital storage firm company says the ransomware group whose software was used to attack Indigo Books & Music carried out 101 attacks in the month of February, a record for the group that began operating in 2019.
Tech sectors expects collapse of SVB to have 'chilling' effect on investments

Tech sectors expects collapse of SVB to have 'chilling' effect on investments

TORONTO — Members of Canada's technology sector say they're worried the collapse of the Silicon Valley Bank (SVB) will have a chilling effect on investments in the already-hampered sector.
US wholesale inflation fell last month on lower food costs

US wholesale inflation fell last month on lower food costs

WASHINGTON (AP) — Wholesale price increases in the United States slowed sharply last month as food and energy costs declined, a sign that inflationary pressures may be easing as the Federal Reserve considers whether to keep raising interest rates to
'How are you going to compete?': Canadians grapple with tight housing market

'How are you going to compete?': Canadians grapple with tight housing market

Eight interest rate hikes in less than a year have left thousands of Canadians feeling like homeownership is out of reach for now — and maybe even forever. The benchmark rate, which sits at 4.
UK Treasury chief predicts no recession in Britain this year

UK Treasury chief predicts no recession in Britain this year

LONDON (AP) — U.K.
CMHC says annual rate of housing starts climbed 13 per cent in February

CMHC says annual rate of housing starts climbed 13 per cent in February

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts climbed 13 per cent in February.
US says Russian warplane hits American drone over Black Sea

US says Russian warplane hits American drone over Black Sea

KYIV, Ukraine (AP) — A Russian fighter jet struck the propeller of a U.S. surveillance drone over the Black Sea on Tuesday in a “brazen violation of international law,” causing American forces to bring down the unmanned aerial vehicle, the U.S. said.