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Macklem says government will make changes to deal with Bank of Canada losses

Macklem says government will make changes to deal with Bank of Canada losses

OTTAWA — Bank of Canada governor Tiff Macklem says the federal government is working on legislative changes that will allow the central bank to temporarily retain profits to cover losses related to policy decisions made to boost the economy during th
QuickQuotes: Reaction to the Bank of Canada's latest rate hike

QuickQuotes: Reaction to the Bank of Canada's latest rate hike

OTTAWA — The Bank of Canada raised its key interest rate by a quarter of a percentage point to 4.5 per cent on Wednesday and says it expects to keep rates on hold for now as it assesses the economic data.
The Bank of Canada interest rate hit 4.5%. Here's a timeline of how we got here

The Bank of Canada interest rate hit 4.5%. Here's a timeline of how we got here

OTTAWA — The Bank of Canada hiked its key interest rate by a quarter of a percentage point on Wednesday, bringing it to 4.5 per centand signalling it plans to hold there for now.
Cannabis company The Green Organic Dutchman Holdings changing name to BZAM

Cannabis company The Green Organic Dutchman Holdings changing name to BZAM

TORONTO — The Green Organic Dutchman Holdings Ltd. is changing its name to BZAM Ltd. The cannabis company says it will also change its ticker symbol on the Canadian Securities Exchange to BZAM.
Luxor Capital still opposed to Ritchie Bros. deal to buy IAA despite changes

Luxor Capital still opposed to Ritchie Bros. deal to buy IAA despite changes

VANCOUVER — Investment firm Luxor Capital Group LP remains opposed to Ritchie Bros. Auctioneers Inc.'s deal to buy IAA Inc. despite changes to the agreement. Luxor, which holds a 3.
Shaw, Rogers, Quebecor say they welcome Federal Court of Appeal ruling

Shaw, Rogers, Quebecor say they welcome Federal Court of Appeal ruling

OTTAWA — The Federal Court of Appeal has dismissed the Competition Bureau's effort to overturn a key approval of Rogers Communications Inc.'s takeover of Shaw Communications Inc.
CN Rail earns $1.4B in Q4, but warns of rockier times ahead in 2023

CN Rail earns $1.4B in Q4, but warns of rockier times ahead in 2023

Canadian National Railway Co. warned Tuesday of rockier times ahead in 2023, even as it celebrated double-digit earnings gains for the fourth quarter of 2022.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,629.55, down 2.03): Enbridge Inc. (TSX:ENB). Energy. Down 46 cents, or 0.82 per cent, to $55.55 on 12.7 million shares.
Hudson's Bay to shed 2% of workforce amid 'strategic realignment'

Hudson's Bay to shed 2% of workforce amid 'strategic realignment'

Hudson's Bay is laying off two per cent of its total workforce, estimated to be about 250 employees, largely within Canada.
S&P/TSX composite unchanged Tuesday, U.S. markets mixed

S&P/TSX composite unchanged Tuesday, U.S. markets mixed

TORONTO — Canada's main stock index was largely unchanged Tuesday as weakness in energy was offset by gains in telecom and industrials, while U.S. markets were mixed. The S&P/TSX composite index was down 2.03 points at 20,629.55.
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