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S&P/TSX composite down, U.S. stock markets also lower after Fed cuts interest rates
TORONTO — Canada's main stock index slipped on Wednesday, while U.S. stock markets also posted small losses after the U.S. Federal Reserve announced a highly anticipated outsized cut to its key interest rate.
Sep 18, 2024 2:39 PM
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Stock market today: Most of Wall Street edges lower after Fed delivers a big cut to rates
NEW YORK (AP) — U.S. stock indexes edged lower Wednesday after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates. The S&P 500 slipped 0.3% to pull 0.
Sep 18, 2024 2:29 PM
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Premier Smith blames fate of Calgary Green Line on lack of 'political oversight'
CALGARY — Alberta Premier Danielle Smith says a lack of "political oversight" undermined Calgary's Green Line light rail transit project, but says her government will not take it over.
Sep 18, 2024 2:03 PM
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Airports to be equipped with CT scanners to detect explosives, other threats
OTTAWA — At one Canadian airport, removing laptops and liquids from your carry-on at security is a thing of the past, thanks to a fresh use of half-century-old technology.
Sep 18, 2024 1:57 PM
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Teamsters union declines to endorse Trump or Harris for president
WASHINGTON (AP) — The International Brotherhood of Teamsters declined Wednesday to endorse Kamala Harris or Donald Trump for president, saying neither candidate had sufficient support from the 1.3 million-member union.
Sep 18, 2024 1:13 PM
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Nova Scotia NDP accuse government of prioritizing landlord profits over renters
HALIFAX — Nova Scotia’s NDP are accusing the government of prioritizing landlords over residents who need an affordable place to live, as the opposition party tables a bill aimed at addressing the housing crisis.
Sep 18, 2024 12:51 PM
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What the MLSE deal could mean for Toronto fans as Rogers expands its sports empire
TORONTO — Rogers Communications Inc.'s landmark deal to acquire rival telecom BCE Inc.'s share of Maple Leaf Sports & Entertainment could lead to better — but pricier — fan experiences, says one sports business expert. The $4.
Sep 18, 2024 11:58 AM
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Boeing CEO says the company will furlough employees soon to preserve cash during labor strike
Boeing’s CEO said Wednesday that the company will begin furloughing “a large number” of employees to conserve cash during the strike by union machinists that began last week.
Sep 18, 2024 11:53 AM
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BoC sees growing risk that high rates may push inflation below 2%, summary suggests
OTTAWA — Some members of the Bank of Canada's governing council are growing concerned that high interest rates may bring down inflation by more than necessary.
Sep 18, 2024 11:33 AM
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Transport Canada orders plan to remove huge tidal power moorings left near N.S. town
HALIFAX — Transport Canada has ordered a bankrupt tidal power company and a bankruptcy trustee to produce a plan to remove four huge moorings abandoned in the water near Walton, N.S.
Sep 18, 2024 11:17 AM
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