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US economy unexpectedly accelerated to a 2.4% growth rate in April-June quarter despite Fed hikes

US economy unexpectedly accelerated to a 2.4% growth rate in April-June quarter despite Fed hikes

WASHINGTON (AP) — The U.S. economy surprisingly accelerated to a 2.
Weekly US applications for jobless benefits slide to lowest level in 5 months

Weekly US applications for jobless benefits slide to lowest level in 5 months

The number of Americans applying for jobless benefits slid last week to its lowest level in five months, further evidence that the U.S. labor market continues to defy the Federal Reserve's attempts to cool it off. U.S.
S&P/TSX composite down Thursday on broad-based weakness, U.S. markets also lower

S&P/TSX composite down Thursday on broad-based weakness, U.S. markets also lower

TORONTO — Canada's main stock index was down almost 200 points Thursday amid broad-based weakness led by telecom and utilities stocks, while U.S. markets also moved lower.
Aecon stocks plunge as legacy projects drag down earnings, despite swing to profit

Aecon stocks plunge as legacy projects drag down earnings, despite swing to profit

Aecon Group Inc. saw its stock value nosedive Thursday after quarterly earnings showed legacy construction projects continue to drag down earnings, despite a swing to profit. The share price of the construction contractor fell by $2.
Stock market today: Wall Street's rally runs out of gas

Stock market today: Wall Street's rally runs out of gas

NEW YORK (AP) — Wall Street closed lower, its big rally losing momentum despite fatter-than-expected profit reports from big companies and the latest signals of a resilient economy. The S&P 500 fell 0.
Casino mogul Steve Wynn fined $10M to end Nevada fight over claims of workplace sexual misconduct

Casino mogul Steve Wynn fined $10M to end Nevada fight over claims of workplace sexual misconduct

LAS VEGAS (AP) — Casino mogul Steve Wynn has ended a yearslong legal fight with Nevada gambling regulators that started with claims of workplace sexual misconduct, agreeing to pay a $10 million fine and cut ties to the industry he helped shape in Las
Cenovus reports second quarter profits down, lowers upstream production guidance

Cenovus reports second quarter profits down, lowers upstream production guidance

CALGARY — Cenovus Energy has been able to restore almost all of its output in northwest Alberta it temporarily curtailed due to wildfires in May and June, but the company has still had to lower its overall production guidance for the year because of
Freedom Mobile adding 5G service for plans over $45 per month

Freedom Mobile adding 5G service for plans over $45 per month

TORONTO — Freedom Mobile is adding 5G capability for some customers as its new parent company implements network upgrades in accordance with orders from Ottawa. The Quebecor Inc.
Teck Resources says still evaluating options on coal business sale

Teck Resources says still evaluating options on coal business sale

Teck Resources Ltd. is making progress in evaluating the various offers put forward by prospective buyers of its steelmaking coal business, the Vancouver-based mining company said Thursday.
Precision Drilling reports $26.9 million profit in Q2 as company reduces debt

Precision Drilling reports $26.9 million profit in Q2 as company reduces debt

CALGARY — Precision Drilling Corp. reported a second-quarter profit of $26.9 million, reversing a $24.6 million loss from a year earlier as the company says it has reduced its total debt by $100 million since the beginning of the year.
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