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Stock market today: Wall Street rises ahead of a highly anticipated jobs report

Stock market today: Wall Street rises ahead of a highly anticipated jobs report

NEW YORK (AP) — Wall Street closed higher following its first three-day losing streak since Halloween. The S&P 500 rose 0.8% Thursday and continued to hang near its highest level since March 2022. The Dow Jones Industrial Average rose 0.
Surge in newcomers putting pressure on inflation via housing demand: BoC official

Surge in newcomers putting pressure on inflation via housing demand: BoC official

OTTAWA — The recent surge in newcomers is adding to inflation through housing demand, a senior Bank of Canada official said Thursday, warning rental and home prices could continue to rise without a boost to housing supply.
Financial intelligence agency levies $1.3 million penalty against CIBC

Financial intelligence agency levies $1.3 million penalty against CIBC

TORONTO — Canada's financial intelligence agency says it has levied a $1.3-million penalty against CIBC for non-compliance with money laundering and terrorist financing measures. The penalty, imposed on Oct.
Major retailers must sign grocery code of conduct, federal agriculture minister says

Major retailers must sign grocery code of conduct, federal agriculture minister says

Federal Agriculture Minister Lawrence MacAulay wouldn't rule out the possibility of provincial or federal government intervention if the grocery code of conduct doesn't have every major retailer on board.
Roughly half of first-time buyers likely to use first home savings account: BMO poll

Roughly half of first-time buyers likely to use first home savings account: BMO poll

TORONTO — A new survey suggests a little more than half of potential first-time homebuyers are interested in using a first home savings account, even though they don't know much about it.
CP NewsAlert: Oil, gas emissions to be cut by at least one-third by 2030

CP NewsAlert: Oil, gas emissions to be cut by at least one-third by 2030

OTTAWA — Environment Minister Steven Guilbeault says the oil and gas industry will have to cut emissions by at least one-third by 2030.
Holiday budget planning should include more than gifts you're planning on giving

Holiday budget planning should include more than gifts you're planning on giving

OTTAWA — A holiday spending plan is always a good idea, but as inflation pushes the cost of everything up and higher interest rates squeeze households, a budget is more important than ever.
Filings for jobless claims tick up modestly, continuing claims fall

Filings for jobless claims tick up modestly, continuing claims fall

U.S. applications for jobless benefits ticked up last week, but the overall number of people in the U.S. collecting unemployment benefits fell after hitting its highest level in two years last week.
Intact subsidiary RSA selling U.K. home and pet insurance business

Intact subsidiary RSA selling U.K. home and pet insurance business

TORONTO — Insurance company Intact Financial Corp. says its Royal & Sun Alliance Insurance Ltd. subsidiary has signed a deal to sell its U.K. home and pet insurance business to Admiral Group.
2024 to bring slower food inflation as prices continue to moderate: report

2024 to bring slower food inflation as prices continue to moderate: report

Food prices will keep rising in 2024, though at a slower pace, according to the latest Food Price Report.
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