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Federal Reserve says interest rates will stay at two-decade high until inflation further cools
WASHINGTON (AP) — The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably t
May 1, 2024 7:55 PM
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Gildan Q1 earnings down almost 20% as feud over who should lead the company continues
As Gildan Activewear Inc. executives continued to argue with its top shareholders over who should lead the company, which is open to a sale, the business reported its earnings fell almost 20 per cent in its first quarter.
May 1, 2024 7:18 PM
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CN, CPKC workers approve strike mandate as possible work stoppage looms
Employees at Canada's two biggest railways have authorized a strike that could see thousands of workers walk off the job in three weeks if they are unable to reach new deals on contract demands. About 6,000 employees at Canadian National Railway Co.
May 1, 2024 6:06 PM
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B.C. launches portal to help find hotel rooms for emergency evacuees
VICTORIA — British Columbia's hotel association says a new central booking portal will help speed up the process of finding places to stay for emergency evacuees.
May 1, 2024 5:55 PM
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Great-West Lifeco reports $960 million net earnings in first quarter of 2024
WINNIPEG — Great-West Lifeco Inc. says it earned $960 million in the first quarter, up from $595 million a year earlier.
May 1, 2024 3:44 PM
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Parkland Corp. posts first-quarter loss due to Burnaby refinery outage
CALGARY — Fuel retailer Parkland Corp. says it posted a net loss of $5 million in its first quarter as its financial results took a hit due to an unplanned shutdown at its Burnaby refinery.
May 1, 2024 3:42 PM
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Capital Power pulls plug on proposed $2.4B carbon capture and storage project
Edmonton-based Capital Power Corp. says it is no longer pursuing its proposed $2.4-billion carbon capture and storage project at its Genesee natural gas-fired power plant.
May 1, 2024 3:00 PM
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Trump awarded 36 million more Trump Media shares worth $1.6 billion after hitting price benchmarks
WASHINGTON (AP) — Former President Donald Trump has secured an additional $1.6 billion worth of shares in Trump Media, according to a regulatory filing this week.
May 1, 2024 2:59 PM
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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 (21,728.55, up 14.01 points): Manulife Financial Corp. (TSX:MFC). Finance. Up 32 cents, or 1.00 per cent, to $32.43 on 9.
May 1, 2024 2:51 PM
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TSX flat as oil falls, U.S. stock markets mixed after Fed holds interest rates steady
TORONTO — Canada's main stock index eked out a gain Wednesday even as energy stocks fell, while U.S. markets stumbled to a mixed close after the central bank held interest rates steady.
May 1, 2024 2:39 PM
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