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S&P/TSX composite rises 150 points Friday, U.S. markets also higher
TORONTO — Canada's main stock index rose almost 150 points Friday on broad-based gains, ending the week up 2.8 per cent The S&P/TSX composite index was up 148.90 points at 20,360.10 U.S. markets also rose.
Jan 13, 2023 3:11 PM
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Wall Street ends higher as company earnings season kicks off
NEW YORK (AP) — Stocks closed higher on Wall Street as earnings reporting season got underway and CEOs began to show how well or poorly they’re navigating high inflation and a slowing economy. The S&P 500 rose 0.
Jan 13, 2023 2:09 PM
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Canadian Pacific Railway and Unifor reach tentative deal for 1,200 workers
CALGARY — Canadian Pacific Railway Ltd. and Unifor have reached a tentative collective agreement for 1,200 workers who are responsible for maintaining rail cars and locomotives.
Jan 13, 2023 12:27 PM
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Tesla cuts vehicle prices in bid to boost flagging demand
DETROIT (AP) — With its sales slowing and its stock price tumbling, Tesla Inc.
Jan 13, 2023 12:22 PM
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Explosion in gas pipeline in Lithuania, no injuries reported
VILNIUS, Lithuania (AP) — An explosion occurred Friday in a gas pipeline in central Lithuania, officials said.
Jan 13, 2023 12:21 PM
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Resilient economy may muddle inflation fight, recession still expected: economists
TORONTO — Canadian households and the overall economy have proven surprisingly resilient in the face of rising interest rates, said senior economists from the big banks, which could complicate the fight against inflation.
Jan 13, 2023 12:18 PM
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Yellen tells Congress US expected to hit debt limit Thursday
WASHINGTON (AP) — Treasury Secretary Janet Yellen notified Congress on Friday that the U.S. is projected to reach its debt limit on Thursday and will then resort to “extraordinary measures” to avoid default.
Jan 13, 2023 10:43 AM
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CIBC head of Canadian personal and business banking Laura Dottori-Attanasio retiring
TORONTO — CIBC says Laura Dottori-Attanasio, senior executive vice-president and group head for Canadian personal and business banking, is retiring. Dottori-Attanasio's last day at the bank is Feb.
Jan 13, 2023 9:54 AM
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Home prices in Q4 down year-over-year, first decline since end of 2008: report
TORONTO — The median price of a home in Canada in the fourth quarter of 2022 posted the first year-over-year decline since the end of 2008 during the financial crisis, Royal LePage says.
Jan 13, 2023 9:50 AM
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Investors look for 2023 outlooks from companies as earnings season looms
TORONTO — Experts say the upcoming earnings season will be overshadowed by the broader economic climate, with interest rates and inflation data more closely watched thanindividual company reports.
Jan 13, 2023 8:00 AM
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