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Interest rate cut hasn't led to rush of homebuyer demand yet: Royal LePage report

Interest rate cut hasn't led to rush of homebuyer demand yet: Royal LePage report

TORONTO — Despite expectations of lower interest rates prompting homebuyers to leave the sidelines, a new report says the Bank of Canada's quarter-point cut to its key interest rate last month did not lead to a rush in demand.
Costco to increase annual membership fee to $65 this September

Costco to increase annual membership fee to $65 this September

ISSAQUAH, WASH. — Costco is increasing its annual membership fees in Canada and the U.S. this fall. The company made the announcement as it reported its sales results for June. Costco says that effective Sept.
Canada Growth Fund and Strathcona Resources to partner on carbon capture project

Canada Growth Fund and Strathcona Resources to partner on carbon capture project

CALGARY — The Canada Growth Fund is partnering with Strathcona Resources Ltd. on a carbon capture and sequestration project, with each group contributing up to $1 billion in funding.
Alberta's auditor finds province's surface water management ineffective

Alberta's auditor finds province's surface water management ineffective

EDMONTON — The provincial government's management of Alberta's increasingly stressed water resources is all wet, says the province's auditor general.
Founder of collapsed hedge fund Archegos Capital is convicted of securities fraud scheme

Founder of collapsed hedge fund Archegos Capital is convicted of securities fraud scheme

NEW YORK (AP) — The founder of Archegos Capital Management, a hedge fund that collapsed in 2021, was convicted Wednesday of securities fraud in a scheme that prosecutors said cost global investment banks billions of dollars.
S&P/TSX composite closes up more than 300 points, U.S. stock markets also higher

S&P/TSX composite closes up more than 300 points, U.S. stock markets also higher

TORONTO — Canada's main stock index gained 1.4 per cent Wednesday in a broad-based rally led by energy, industrial and utilities stocks, while U.S. stock markets posted new records yet again. The S&P/TSX composite index closed up 307.
Winnipeg police say new program aimed at curbing retail theft is working

Winnipeg police say new program aimed at curbing retail theft is working

WINNIPEG — The Manitoba government is putting up $1.1 million to address a rise in retail theft and violent crime in some parts of Winnipeg.
Ford won't budge on plan to have ready-to-drink cocktails sold in corner stores

Ford won't budge on plan to have ready-to-drink cocktails sold in corner stores

TORONTO — Ontario will not budge on its plan to have ready-to-drink cocktails sold at convenience and grocery stores across the province, Premier Doug Ford said Wednesday on the issue that has become a sticking point in an ongoing strike by liquor st
Stock market today: S&P 500 tops 5,600 as Wall Street's record-breaking rally keeps rolling

Stock market today: S&P 500 tops 5,600 as Wall Street's record-breaking rally keeps rolling

NEW YORK (AP) — U.S. stocks rose again, continuing Wall Street’s record-setting run. The S&P 500 climbed 1% Wednesday, setting an all-time high for the 37th time this year and marking its first close above 5,600 points.
More auto insurers could exit Alberta without system reforms: DBRS

More auto insurers could exit Alberta without system reforms: DBRS

CALGARY — As Alberta considers an overhaul of its troubled auto insurance system, a global credit rating agency is warning a "clear long-term solution" must be found or more insurers will depart the province.
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