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National Business
National Business
S&P/TSX composite gains 265 points Tuesday, U.S. markets also rise
TORONTO — Gains in energy, technology and base metals helped lead a broad-based rally on Canada's main stock index Tuesday, which rose 1.32 per cent, while U.S. markets also posted gains. The S&P/TSX composite index closed up 265.
Aug 29, 2023 1:35 PM
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Suncor's revised focus on oil production proof of need for emissions cap: Guilbeault
OTTAWA — Recent statements by the CEO of a major oilsands company further the case for federal regulations to cap greenhouse-gas emissions in the oil and gas sector, Environment Minister Steven Guilbeault said.
Aug 29, 2023 12:46 PM
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Metro and Unifor return to bargaining table after court restricts union pickets
TORONTO — Metro and Unifor have returned to the bargaining table a month after thousands of the grocer's employees went on strike across Toronto, the union said.
Aug 29, 2023 12:08 PM
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Scotiabank loan growth slows on cautious approach, deposit focus
TORONTO — Scotiabank's loan growth slowed last quarter as the bank took a more cautious approach to lending amid heightened strain on borrowers from higher interest rates.
Aug 29, 2023 10:31 AM
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Ottawa eyes relaxing rules for imported baby formula, as costs soar after shortage
OTTAWA — The federal government is looking for ways to bring more infant formula products to Canada while it overhauls regulations to prevent future shortages, an internal memo shows.
Aug 29, 2023 9:55 AM
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BMO earnings hit by severance, legal costs as it focuses on containing expenses
TORONTO — BMO Financial Group's third-quarter profit took a hit in part from severance costs and rising provisions for bad loans as the bank prepares for an extended stretch of economic strain.
Aug 29, 2023 9:45 AM
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Canadians turn to credit cards as many face payment shock: TransUnion report
TORONTO — A new TransUnion report shows a consistent rise in borrowing among Canadians in the second quarter as they contend with the higher cost of living.
Aug 29, 2023 9:10 AM
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Job vacancies, quits plunge in July in stark sign of cooling trend in the US labor market
WASHINGTON (AP) — Businesses posted far fewer open jobs in July and the number of Americans quitting their jobs fell sharply for the second straight month, clear signs that the labor market is cooling in a way that could reduce inflation.
Aug 29, 2023 8:09 AM
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Gap in financial literacy causes disconnect in managing debt, budget: survey
TORONTO — Some Canadians may be overestimating their ability to manage their finances and pay off their debt, a survey by Chartered Professional Accountants of Canada shows.
Aug 29, 2023 8:06 AM
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Best Buy and the reluctant shopper. Sales fall as Americans pull back on spending
NEW YORK (AP) — Best Buy sales and profits slid in the second quarter as the nation's largest consumer electronics chain continues to wrestle with a pullback in spending on gadgets after Americans splurged during the pandemic.
Aug 29, 2023 6:20 AM
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