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National Business
National Business
Government revision shows economy shrank 0.6% last quarter
WASHINGTON (AP) — The U.S. economy shrank at a 0.6% annual rate from April through June, the government said Thursday in a slight upgrade from its initial estimate.
Aug 25, 2022 8:40 AM
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Aurora Cannabis buys controlling stake in Bevo Agtech
EDMONTON — Aurora Cannabis Inc. has signed a deal to buy a controlling interest in Bevo Agtech Inc., a supplier of vegetable seedlings and flowers. Under the deal, the cannabis company will acquire a 50.
Aug 25, 2022 8:28 AM
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S.Korea signs $2.25 billion deal with Russia nuclear company
SEOUL, South Korea (AP) — South Korea has signed a 3 trillion won ($2.25 billion) deal with a Russian state-run nuclear energy company to provide components for Egypt’s first nuclear power plant.
Aug 25, 2022 6:49 AM
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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 (20,021.38, up 36.03 points.) Suncor Energy Inc. (TSX:SU). Energy. Up 42 cents, or 0.95 per cent, to $44.85 on 13.4 million shares.
Aug 24, 2022 5:26 PM
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Paul Newman's daughters sue late actor's charity foundation
HARTFORD, Conn. (AP) — A new lawsuit has exposed a deep rift between two of Paul Newman's daughters and the late actor's charitable foundation funded by profits from the Newman's Own line of food and drink products.
Aug 24, 2022 5:07 PM
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Financial markets largely flat; all eyes on upcoming Jackson Hole conference
North American stock markets were largely flat Wednesday as investors took a breather in advance of Friday's meeting of the U.S. Federal Reserve in Jackson Hole, Wyo. The S&P/TSX composite index was up 36.03 points at 20,021.38.
Aug 24, 2022 5:07 PM
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National Bank reports Q3 profit dips as it prepares for economic soft landing
MONTREAL — National Bank of Canada's profits slipped from a year ago on higher provisions for credit loss, but third-quarter results were buffered by resilient trading revenue and higher net interest income.
Aug 24, 2022 4:47 PM
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Germany-Canada hydrogen deal a 'shot in the arm' for nascent industry
ST. JOHN'S, N.L. — The man behind a pitch to build a wind-powered hydrogen facility in western Newfoundland says a recent visit to the region from Canadian and German leaders signalled a big start for Atlantic Canada's hydrogen industry.
Aug 24, 2022 3:48 PM
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RBC reports Q3 profit down from year ago as it prepares for potential recession ahead
TORONTO — Rising interest rates gave a boost to RBC's earnings in the third quarter, but the benefits were outweighed by a significant pullback in capital markets and the deteriorating economic outlook that higher borrowing costs have also triggered.
Aug 24, 2022 3:44 PM
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Big student loan forgiveness plan announced by Biden
WASHINGTON (AP) — President Joe Biden on Wednesday announced detailed plans to deliver on a campaign promise to provide $10,000 in student debt cancellation for millions of Americans — and up to $10,000 more for those with the greatest financial need
Aug 24, 2022 3:44 PM
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