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National Business
National Business
US economy drops at 0.6% annual rate from April through June
WASHINGTON (AP) — Battered by surging consumer prices and rising interest rates, the U.S. economy shrank at a 0.6% annual rate from April through June, the government announced Thursday, unchanged from its previous second-quarter estimate.
Sep 29, 2022 10:45 AM
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Enbridge buys U.S. renewable power project developer Tri Global Energy
CALGARY — Enbridge Inc. has bought Tri Global Energy (TGE), a U.S. renewable power project developer, for US$270 million in cash and assumed debt.
Sep 29, 2022 10:28 AM
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Canadian economy grew slightly in July, Statistics Canada says
OTTAWA — The Canadian economy grew slightly in July with the latest reading on real gross domestic product coming in higher than expected. Statistics Canada said Thursday that the economy grew by 0.
Sep 29, 2022 9:35 AM
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Germany to spend billions to tackle high energy prices
BERLIN (AP) — Germany plans to spend up to 200 billion euros ($195 billion) helping consumers and businesses cope with surging energy prices, particularly for natural gas , due to the war in Ukraine.
Sep 29, 2022 8:54 AM
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Federal finance minister approves Equitable Bank deal to buy Concentra
TORONTO — Equitable Bank says the federal finance minister has approved the company's deal to buy digital rival Concentra Bank. The Toronto-based bank says no further regulatory or shareholder approvals are required in the acquisition.
Sep 29, 2022 8:17 AM
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UK's Truss defends economic plan that sent pound tumbling
LONDON (AP) — British Prime Minister Liz Truss on Thursday defended her economic plan and shrugged off the negative reaction from financial markets, saying she’s willing to make “difficult decisions” to get the economy growing.
Sep 29, 2022 3:52 AM
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Asian stocks follow Wall St higher after UK calms markets
BEIJING (AP) — Asian stock markets followed Wall Street higher Thursday after Britain's central bank moved forcefully to stop a budding financial crisis. Market benchmarks in Hong Kong, Seoul and Sydney added more than 1%.
Sep 28, 2022 11:51 PM
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California governor approves farmworker unionization law
SACRAMENTO, Calif. (AP) — A broadly smiling California Gov.
Sep 28, 2022 6:58 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 (18,648.92, up 341.01 points) Power Corp of Canada (TSX:POW). Financials. Down 52 cents, or 1.63 per cent, to $31.48 on 8.
Sep 28, 2022 5:27 PM
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U.S. court ruling in Cineworld bankruptcy proceedings halts Cineplex case in Ontario
TORONTO — Cineplex Inc. says a U.S. court ruling will mean the Ontario Court of Appeal won't hear a case between the Toronto theatre giant and its once-suitor Cineworld Group PLC as scheduled. Cineplex says the U.S. court, where U.K.
Sep 28, 2022 5:24 PM
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