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CEO pay rose nearly 10% in 2024 as stock prices and profits soared

CEO pay rose nearly 10% in 2024 as stock prices and profits soared

NEW YORK (AP) — The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 10% in 2024 as the stock market enjoyed another banner year and corporate profits rose sharply.
Victoria's Secret US website is down as lingerie seller addresses 'security incident'

Victoria's Secret US website is down as lingerie seller addresses 'security incident'

NEW YORK (AP) — Victoria's Secret has taken down its U.S. website and says some in-store services will be unavailable as it addresses an unspecified “security incident.
Vanguard, UofT launch AI partnership that will create several research labs

Vanguard, UofT launch AI partnership that will create several research labs

TORONTO — U.S. investment advisor Vanguard and the University of Toronto are teaming up to create several labs dedicated to artificial intelligence.
Provinces 'hold the key' to unlocking homebuilding, new report argues

Provinces 'hold the key' to unlocking homebuilding, new report argues

OTTAWA — While the federal government and cities across Canada are making strides on expanding the housing supply, the provinces still need to get serious about building quality homes, a new report released Thursday argues.
Are solar panels worth the investment? Yes — usually — but it depends where you live

Are solar panels worth the investment? Yes — usually — but it depends where you live

Solar panels have never been cheaper, and the lower upfront cost means homeowners can recoup their investment more quickly, with savings on electricity bills.
More Americans file for jobless aid but layoffs remain low despite economic uncertainty over tariffs

More Americans file for jobless aid but layoffs remain low despite economic uncertainty over tariffs

WASHINGTON (AP) — Filings for U.S. jobless aid jumped last week but American workers broadly remain secure in their jobs despite economic uncertainty over global trade.
BMO reports rise in profit even as companies remain hesitant on borrowing

BMO reports rise in profit even as companies remain hesitant on borrowing

TORONTO — BMO Financial Group's second-quarter profit rose from a year ago even as its Canadian banking and capital markets divisions saw income drop from tariff-related uncertainty. The bank on Wednesday reported a net income of $1.
Hit by Trump trade wars, U.S. economy falls 0.2% in first quarter, an upgrade from initial estimate

Hit by Trump trade wars, U.S. economy falls 0.2% in first quarter, an upgrade from initial estimate

WASHINGTON (AP) — The U.S. economy shrank at a 0.
Bill fast-tracking infrastructure projects passes as Speaker Raj Chouhan breaks tie

Bill fast-tracking infrastructure projects passes as Speaker Raj Chouhan breaks tie

VICTORIA — A controversial bill in British Columbia responding to American tariffs has passed with Speaker Raj Chouhan casting the deciding vote Wednesday evening.
Elon Musk is leaving the Trump administration after leading effort to slash federal government

Elon Musk is leaving the Trump administration after leading effort to slash federal government

Elon Musk's departure, announced Wednesday evening, marks the end of a turbulent chapter that included thousands of layoffs, the evisceration of government agencies and reams of litigation.