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Exchange Bank of Canada fined $2.46M by Fintrac for anti-money laundering failures

Exchange Bank of Canada fined $2.46M by Fintrac for anti-money laundering failures

TORONTO — Canada's financial intelligence agency says it has imposed an administrative penalty of $2.46 million against Exchange Bank of Canada for non-compliance with money-laundering rules.
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Text of the Bank of Canada's latest interest rate decision

Text of the Bank of Canada's latest interest rate decision

OTTAWA — The Bank of Canada cut its key policy rate by 50 basis points on Wednesday to take it to 3.25 per cent. Here is the text of the central bank's decision: The Bank of Canada today reduced its target for the overnight rate to 3.
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Roots sees 'positive momentum' in early days of shorter holiday shopping season

Roots sees 'positive momentum' in early days of shorter holiday shopping season

TORONTO — Roots Corp.'s chief financial officer says holiday shopping is in full swing but it's too early to tell whether the company's busiest sales period will be impacted by the shorter span between Black Friday and Christmas Eve.
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Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure deal

Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure deal

Albertsons is giving up on its merger with Kroger a day after it was rejected in two courts and it is suing the grocery chain, saying it didn't do enough to secure regulatory approval for the $24.6 billion agreement. U.S.
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Alex Jones keeps Infowars for now after judge rejects The Onion's winning auction bid

Alex Jones keeps Infowars for now after judge rejects The Onion's winning auction bid

A federal judge in Texas rejected the auction sale of Alex Jones’ Infowars to The Onion satirical news outlet , criticizing the bidding for the conspiracy theory platform as flawed as well as how much money families of the 2012 Sandy Hook Elementary
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Judge rejects sale of Alex Jones' Infowars to The Onion in dispute over bankruptcy auction

Judge rejects sale of Alex Jones' Infowars to The Onion in dispute over bankruptcy auction

A federal judge on Tuesday night rejected the auction sale of Alex Jones’ Infowars to The Onion satirical news outlet , criticizing the bidding process as flawed and the amount of money that families of the 2012 Sandy Hook Elementary shooting stood t
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AI pioneer Geoffrey Hinton receives Nobel Prize in physics in proud moment for U of T

AI pioneer Geoffrey Hinton receives Nobel Prize in physics in proud moment for U of T

TORONTO — When Geoffrey Hinton strode across the Stockholm Concert Hall stage Tuesday to receive his Nobel Prize for physics from King Carl XVI Gustaf of Sweden, he was beaming.
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TikTok files legal challenge of federal government's shutdown order

TikTok files legal challenge of federal government's shutdown order

TikTok is challenging the federal government’s order to shut down its operations in Canada, claiming it will eliminate hundreds of jobs and potentially terminate a quarter of a million contracts that it has with Canadian advertising clients.
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Union in B.C. port dispute seeks judicial review of federal back-to-work order

Union in B.C. port dispute seeks judicial review of federal back-to-work order

The dispute between Local 514's roughly 700 members and the BC Maritime Employers Association resulted in a shutdown of port facilities across the province between Nov. 4 and Nov. 14.
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Summer wildfire that hit Jasper, Alta., tops Environment Canada 2024 weather list

Summer wildfire that hit Jasper, Alta., tops Environment Canada 2024 weather list

A wildfire that left a third of the popular Rocky Mountain tourist town of Jasper, Alta., in ashes and forced tens of thousands to flee is Environment and Climate Change Canada’s most impactful weather story of 2024.
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