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S&P/TSX composite closes down more than 500 points, U.S. stock markets tumble lower

S&P/TSX composite closes down more than 500 points, U.S. stock markets tumble lower

TORONTO — Rising fears around future economic growth weighed heavily on markets Friday, pushing Canada's main stock index sharply down along with the commodities that underpin so much of it, while U.S. markets also dropped.
Environment commitments not met by Canada's oil and gas companies, new report shows

Environment commitments not met by Canada's oil and gas companies, new report shows

Most of Canada's oilsands producers have made little progress on their goal to decarbonize the sector despite historically high profits and low capital expenditures, a new report said.
Effect of pandemic border restrictions could be long-lasting: Critics

Effect of pandemic border restrictions could be long-lasting: Critics

BANFF, Alta. — The last of Canada's COVID-19 border restrictions are set to disappear at the end of this month, but some critics say they fear the measures have already caused a lasting decrease in cross-border travel.
Large fancy vivid yellow diamond discovered in N.W.T.

Large fancy vivid yellow diamond discovered in N.W.T.

YELLOWKNIFE — The owners of a diamond mine in the Northwest Territories say workers have recovered what is likely Canada's largest fancy vivid yellow diamond. The Arctic Canadian Diamond Company says the 71.
End to Monday print edition of nine papers by Postmedia an 'important moment': expert

End to Monday print edition of nine papers by Postmedia an 'important moment': expert

One expert at the intersection of journalism and policy says Postmedia Network Inc.'s decision to end the Monday print edition of nine of its urban daily newspapers next month is an "important moment" for news media in Canada.
Ontario records surplus in last fiscal year and a drop in education spending

Ontario records surplus in last fiscal year and a drop in education spending

TORONTO — Ontario ended the last fiscal year with a $2.1-billion surplus – a far cry from the $33-billion deficit projected in the budget – thanks to inflation and stronger economic growth, officials said Friday.
Statistics Canada says retail sales fell 2.5% to $61.3 billion in July

Statistics Canada says retail sales fell 2.5% to $61.3 billion in July

OTTAWA — Retail sales fell 2.5 per cent to $61.3 billion in July, the first drop in seven months as sales at gasoline stations and clothing and clothing accessories stores decreased, Statistics Canada said Friday. The drop was deeper than the 2.
July travel on an upward trend, but is still a fraction of pre-pandemic levels

July travel on an upward trend, but is still a fraction of pre-pandemic levels

OTTAWA — Statistics Canada says the number of Canada's international arrivals increased in July but has yet to recover to pre-pandemic levels. The agency says the number of trips by U.S. residents in July was 2.
Federal government posts $6.3B surplus for April-to-July period

Federal government posts $6.3B surplus for April-to-July period

OTTAWA — The federal government posted a surplus of $6.3 billion for the first four months of its 2022-23 fiscal year. The Finance Department says the result for the April-to-July period compared with deficit of $47.
Glencore raises stake in Yamana's Mara project with deal for Newmont's interest

Glencore raises stake in Yamana's Mara project with deal for Newmont's interest

TORONTO — Glencore International AG is increasing its stake in Yamana Gold Inc.'s Mara project with a deal to buy Newmont Corp.'s 18.75 per cent interest. Yamana will remain the Mara joint venture operator with a 56.