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Elon Musk depicted as liar, visionary in Tesla tweet trial

Elon Musk depicted as liar, visionary in Tesla tweet trial

SAN FRANCISCO (AP) — Elon Musk was depicted Wednesday as either a liar who callously jeopardized the savings of “regular people" or a well-intentioned visionary as attorneys delivered opening statements at a trial focused on a Tesla buyout that never
Postmedia announces plan to move 12 Alberta papers to digital-only, layoff staff

Postmedia announces plan to move 12 Alberta papers to digital-only, layoff staff

TORONTO — Postmedia is moving a dozen of its Alberta community newspapers to digital-only formats, eyeing more outsourcing deals for printing, laying off workers and selling the home of the Calgary Herald.
TD says Barbara Hooper to lead Canadian business banking after current head retires

TD says Barbara Hooper to lead Canadian business banking after current head retires

TORONTO — TD Bank Group says its head of Canadian business banking Paul Douglas is stepping back from daily operations into the newly created position of chair of the division.
Job cuts in tech sector spread, Microsoft lays off 10,000

Job cuts in tech sector spread, Microsoft lays off 10,000

Microsoft is cutting 10,000 workers, almost 5% of its workforce, joining other tech companies that have scaled back their pandemic-era expansions.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,376.23, down 81.23): Enbridge Inc. (TSX:ENB). Energy. Down 21 cents, or 0.38 per cent, to $55.62 on 10.3 million shares.
S&P/TSX composite edges lower Wednesday; U.S. markets fall

S&P/TSX composite edges lower Wednesday; U.S. markets fall

TORONTO — Canada's main stock index edged downward Wednesday as the price of oil receded off a strong morning, while U.S. markets slid by a wider margin. The S&P/TSX composite index was down 81.23 points at 20,376.23.
Tech company Hootsuite lays off 7% of staff, names Irina Novoselsky new CEO

Tech company Hootsuite lays off 7% of staff, names Irina Novoselsky new CEO

VANCOUVER — Social media technology company Hootsuite Inc. is laying off seven per cent of its staff in its third job cut in the last year and replacing its chief executive.
Wall Street has biggest pullback of the year, led by tech

Wall Street has biggest pullback of the year, led by tech

NEW YORK — Wall Street had its biggest pullback of the year as a January market rally sputtered. Technology stocks led the way lower, including a 1.9% drop in Microsoft after the tech titan joined others in its industry in announcing layoffs.
Severe weather in Canada caused $3.1 billion in insured damages in 2022

Severe weather in Canada caused $3.1 billion in insured damages in 2022

The Insurance Bureau of Canada says severe weather caused $3.1 billion in insured damage in Canada in 2022, from flooding to storms to Hurricane Fiona. That makes 2022 the third worst year for insured losses in Canadian history.
December retail sales fall 1.1% as inflation takes a toll

December retail sales fall 1.1% as inflation takes a toll

NEW YORK (AP) — Americans cut back on spending in December, the second consecutive month they've done so, underscoring how inflation and the rising cost of using credit cards slowed consumer activity over the crucial holiday shopping season.
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