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S&P/TSX composite ekes out gain, U.S. stock markets down after inflation data
TORONTO — Canada's main stock index eked out a gain Wednesday, while U.S. markets slumped later in the day to post small losses on the heels of fresh inflation data. The S&P/TSX composite index was up 32.47 points at 20,454.32.
Apr 12, 2023 4:48 PM
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Bank turmoil led Fed officials to forecast fewer rate hikes
WASHINGTON (AP) — Turmoil in the banking system after two major banks collapsed led many Federal Reserve officials to envision fewer rate increases this year out of concern that banks will reduce their lending and weaken the economy.
Apr 12, 2023 4:42 PM
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Rogers CEO pledges to work with rival companies to provide TTC cell service
TORONTO — Rogers Communications Inc.
Apr 12, 2023 4:40 PM
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Muskrat Falls hydroelectric project in N.L. considered commissioned: CEO
ST. JOHN'S, N.L. — Newfoundland and Labrador's Muskrat Falls hydroelectric project is considered commissioned after years of delays and billions of dollars in cost overruns.
Apr 12, 2023 4:31 PM
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NPR quits Elon Musk's Twitter over 'government-funded' label
WASHINGTON — National Public Radio is quitting Twitter after the social media platform owned by Elon Musk stamped NPR's account with labels the news organization says are intended to undermine its credibility.
Apr 12, 2023 4:30 PM
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Judge considers probe of whether Fox News withheld evidence
WILMINGTON, Del. (AP) — The judge presiding over a defamation case against Fox News said Wednesday he likely will order an independent review to determine whether the network improperly withheld evidence, a step that could lead to sanctions.
Apr 12, 2023 4:03 PM
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City of Toronto, MLSE draft deal protecting company from 2026 World Cup losses
TORONTO — The City of Toronto and Maple Leaf Sports and Entertainment have drafted an agreement detailing their proposed partnership surrounding the 2026 FIFA World Cup, which aims to shield the company from suffering any losses related to matches in
Apr 12, 2023 3:40 PM
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Bank of Canada holds key interest rate at 4.5%, says no plans to cut soon
OTTAWA — The Bank of Canada held its key interest rate steady and telegraphed that it may need to keep rates higher for longer as the effects of tighter borrowing conditions continue to ripple through the economy.
Apr 12, 2023 2:51 PM
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Interest rate hold could add heat to real estate markets: mortgage experts
TORONTO — Mortgage experts expect the Bank of Canada's decision to hold its key interest rate to add heat to the country's real estate markets.
Apr 12, 2023 1:59 PM
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Cheaper gas and food provide some relief from US inflation
WASHINGTON (AP) — U.S. consumer inflation eased in March, with less expensive gas and food providing some relief to households that have struggled under the weight of surging prices.
Apr 12, 2023 12:21 PM
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