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Prince Edward Island government forecasts $98-million deficit in annual budget

Prince Edward Island government forecasts $98-million deficit in annual budget

CHARLOTTETOWN — The Prince Edward Island government tabled a $3.09-billion budget Thursday that forecasts a $97.6-million deficit and a promise to spend money for a new medical school to help the frail health-care sector.
Highlights from Prince Edward Island's 2023-24 annual provincial budget

Highlights from Prince Edward Island's 2023-24 annual provincial budget

CHARLOTTETOWN — The Prince Edward Island government tabled a $3.09-billion budget Thursday. Here are some highlights: — A projected deficit of $97.6 million on total revenues of $2.99 billion and expenditures of $3.09 billion.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,774.08, down 153.61): Toronto-Dominion Bank. (TSX:TD). Finance. Down $3.40, or 4.19 per cent, to $77.78 on 10.3 million shares.
Economic headwinds weigh on bank results as more money set aside for bad loans

Economic headwinds weigh on bank results as more money set aside for bad loans

TORONTO — The effects of heightened inflation and central bank efforts to rein it in by slowing the economy are showing in the second-quarter results from Canada's big banks.
S&P/TSX composite weighed down by losses in energy and telecom; U.S. markets mixed

S&P/TSX composite weighed down by losses in energy and telecom; U.S. markets mixed

TORONTO — Canada's main stock index was down more than 150 points Thursday, weighed down by losses in energy and telecom, while U.S. stock markets were mixed. The S&P/TSX composite index was down 153.61 points at 19,774.08.
Industry blindsided by Ottawa's plan to track ill effects of natural health products

Industry blindsided by Ottawa's plan to track ill effects of natural health products

OTTAWA — A new plan to force hospitals to report adverse effects of "natural health products" such as herbal remedies and supplements has come as a surprise to manufacturers, who say they were blindsided by the proposed change.
Freedom Mobile unveils first nationwide plan following Rogers-Shaw deal

Freedom Mobile unveils first nationwide plan following Rogers-Shaw deal

Freedom Mobile will offer a $50 monthly plan that includes unlimited calls and texts as well as 40 gigabytes of data usable throughout Canada and the U.S. following its acquisition by Quebecor Inc.'s Videotron. The $2.
Should I buy a cottage with friends or family?

Should I buy a cottage with friends or family?

MONTREAL — As cottage season dawns, the prospect of joint ownership with family or friends grows anew for many Canadians, budding perennially like a lakeside plant.
Threat of US credit downgrade looms over debt ceiling talks

Threat of US credit downgrade looms over debt ceiling talks

WASHINGTON (AP) — With one of three major rating agencies warning that America’s AAA credit is at risk, the stakes are growing in the standoff in Washington over raising the nation's debt limit.
Virgin Galactic completes final test flight before launching paying customers to space

Virgin Galactic completes final test flight before launching paying customers to space

ALBUQUERQUE, N.M (AP) — Virgin Galactic completed what's expected to be its final test flight Thursday before taking paying customers on brief trips to space.