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Canadian, U.S. markets tumble Thursday after central bank comments on interest rates
TORONTO — Losses in base metal and technology stocks helped lead a broad-based decline Thursday as Canada's main stock index fell more than two per cent. U.S. stock markets also tumbled the day after the U.S. Federal Reserve's latest rate decision.
Sep 21, 2023 2:44 PM
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Pathways Alliance watching Trans Mountain's latest hurdles with dismay
CALGARY — The group behind a proposed carbon capture and storage (CCS) network for Alberta's oilsands is watching the Trans Mountain pipeline expansion's latest regulatory hurdles with dismay.
Sep 21, 2023 2:41 PM
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Stock market today: Stocks tumble in an ugly day as allure grows to buy a Treasury bill and chill
NEW YORK (AP) — Wall Street slumped as stocks fell worldwide on expectations for U.S. interest rates to stay high well into next year. The S&P 500 lost 1.6% Thursday, its worst drop since March.
Sep 21, 2023 2:07 PM
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Alex Murdaugh pleads guilty to financial crimes - the first time he’s admitted blame to a judge
CHARLESTON, S.C. (AP) — Convicted murderer Alex Murdaugh did something Thursday he hasn’t done in the two years since his life of privilege and power started to unravel — plead guilty to a crime.
Sep 21, 2023 12:13 PM
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US applications for jobless benefits fall to lowest level in nearly 8 months
U.S. applications for unemployment benefits fell to their lowest level in eight months last week as the labor market continues to show strength in the face of elevated interest rates. U.S.
Sep 21, 2023 12:10 PM
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Most of Nova Scotia's lobster fleet well-suited to go electric: study
HALIFAX — An environmental group has concluded that about 2,300 lobster boats operating off Nova Scotia are suitable candidates to switch from diesel to electric motor, a change that would slash the industry's emissions.
Sep 21, 2023 11:14 AM
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Linamar signs deal to buy assets in U.S. from Mobex for US$70 million
GUELPH, Ont. — Linamar Corp. has signed a deal with automotive parts supplier Mobex Fourth and 1 to buy a substantial portion of its U.S.-based assets for US$70 million in cash.
Sep 21, 2023 10:18 AM
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Fraud in auto, credit card, mortgage sectors rise amid interest rate hikes: study
TORONTO — New data suggests an uptick in fraud in the auto, credit card and mortgage sectors is driven by growing financial pressures on consumers and by fraudsters using bold schemes.
Sep 21, 2023 10:07 AM
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First private US passenger rail line in 100 years is about to link Miami and Orlando at high speed
MIAMI (AP) — The first big test of whether privately owned high-speed passenger train service can prosper in the United States will launch Friday when Florida's Brightline begins running trains between Miami and Orlando, reaching speeds of 125 mph (2
Sep 21, 2023 9:48 AM
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Self-driving tech company Waabi strikes partnership with Uber Freight
TORONTO — Self-driving tech company Waabi says it has struck a partnership with Uber Technologies Inc.'s freight division to accelerate autonomous trucking adoption.
Sep 21, 2023 9:46 AM
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