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National Business
National Business
An inflation measure watched by the Fed eases to 5.5%
WASHINGTON (AP) — A measure of inflation closely watched by the Federal Reserve slowed last month, another sign that a long surge in consumer prices seems to be easing. Friday's report from the Commerce Department showed that prices rose 5.
Dec 23, 2022 10:05 AM
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Canadian economy grew by 0.1% in October, Statistics Canada says
OTTAWA — The Canadian economy grew slightly in October with the latest reading on real gross domestic product coming in higher than expected. Statistics Canada said Friday that the economy edged up 0.
Dec 23, 2022 9:57 AM
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Stocks open lower on Wall Street ahead of Christmas holiday
NEW YORK (AP) — Stocks are off to a weak start on Wall Street following some mixed news on the economy. The S&P 500 was down 0.5% Friday.
Dec 23, 2022 9:50 AM
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After a strong year for the economy, 2023 will be shaped by high interest rates
OTTAWA — The Canadian economy started off the year with a remarkable recovery from the COVID-19 pandemic, but heading in 2023, high interest rates are expected to take a significant toll.
Dec 23, 2022 9:00 AM
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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 (19,349.66, down 221.44): TC Energy Corp. (TSX:TRP). Energy. Down 88 cents, or 1.60 per cent, to $54.09 on 14.3 million shares.
Dec 22, 2022 4:48 PM
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P.E.I. budget update: Government revenue up by $240 million, deficit up by $2 million
CHARLOTTETOWN — Prince Edward Island's government says its revenues will rise by $238.6 million this fiscal year partly because it is collecting more in taxes than originally estimated.
Dec 22, 2022 4:43 PM
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S&P/TSX composite down more than 200 points, U.S. markets also reverse gains
TORONTO — Canada's main stock index closed down more than 200 points Thursday, pulled down by broad-based losses, while U.S. markets also reversed much of the gains made Wednesday, with the Nasdaq tumbling more than two per cent.
Dec 22, 2022 4:43 PM
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US stocks slide as economic data stokes rate hike worries
NEW YORK (AP) — Stocks closed lower on Wall Street as stronger-than-expected reports on the economy caused worries to flare about interest rates staying high. The S&P 500 closed 1.4% lower after being down as much as 2.9% earlier.
Dec 22, 2022 4:10 PM
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FTX founder Bankman-Fried allowed $250M bond, house arrest
NEW YORK (AP) — Cryptocurrency entrepreneur Sam Bankman-Fried walked out of a Manhattan courthouse Thursday with his parents after they agreed to sign a $250 million bond and keep him at their California home while he awaits trial on charges that he
Dec 22, 2022 2:47 PM
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Senate passes $1.7 trillion bill to fund gov't, aid Ukraine
WASHINGTON (AP) — The Senate passed a massive $1.
Dec 22, 2022 2:30 PM
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