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Stocks rally after Fed chair signals slowdown in rate hikes

Stocks rally after Fed chair signals slowdown in rate hikes

NEW YORK — Stocks rallied on Wall Street after the head of the Federal Reserve said the central bank could soon ease up on its aggressive pace of interest rate hikes aimed at taming inflation.
National Bank reports Q4 profit down from year ago, raises quarterly dividend

National Bank reports Q4 profit down from year ago, raises quarterly dividend

TORONTO — Lower income in financial markets helped lead to an overall drop in income for National Bank of Canada in the fourth quarter, even as other segments gained.
Tax implications of Rogers-Shaw deal discussed at hearing before tribunal

Tax implications of Rogers-Shaw deal discussed at hearing before tribunal

OTTAWA — Canada's competition watchdog is warning that the tax revenue implications of Rogers Communications Inc.'s $26-billion proposed takeover of Shaw Communications Inc.
RBC moves to boost capital after announcing $13.5Bn deal for HSBC Canada

RBC moves to boost capital after announcing $13.5Bn deal for HSBC Canada

TORONTO — Royal Bank of Canada is taking measures to boost its capital on hand after announcing a $13.5 billion deal on Tuesday to buy HSBC Bank Canada amid heightened market uncertainty.
New census data shows how commuting dropped during pandemic, labour force aging

New census data shows how commuting dropped during pandemic, labour force aging

OTTAWA — New census data shows commuting levels dropped significantly in 2021 compared to 2016, and while some of that decline has rebounded, transit ridership hasn't fully recovered. According to Statistics Canada, there were 2.
Alta. sovereignty act damaging to business: Calgary Chamber of Commerce

Alta. sovereignty act damaging to business: Calgary Chamber of Commerce

CALGARY — Alberta's proposed sovereignty act threatens to scare off investors and talent and derail the province's plans for economic growth, a prominent business group warned Wednesday.
House votes to avert rail strike, impose deal on unions

House votes to avert rail strike, impose deal on unions

WASHINGTON (AP) — The U.S.
BRP reports Q3 profit and revenue up from year ago, raises guidance

BRP reports Q3 profit and revenue up from year ago, raises guidance

VALCOURT, Que. — BRP Inc. reported its third-quarter profit and revenue rose compared with a year ago and raised guidance for its full year.
Canopy breaks out Canadian operations in new unit, lays off 55

Canopy breaks out Canadian operations in new unit, lays off 55

SMITHS FALLS, Ont. — Canopy Growth Corp. says it will be breaking out its Canadian cannabis operations into a stand-alone business unit and laying off 55 staff. Brenna Eller, the Smiths Falls, Ont.
Western Forest Products to temporarily reduce lumber production levels in December

Western Forest Products to temporarily reduce lumber production levels in December

VANCOUVER — Western Forest Products Inc. says it will temporarily reduce its lumber production levels for the rest of the year. The Vancouver-based forest products company says the reduction will amount to about 200 million fewer board feet.
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