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Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US default

Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US default

WASHINGTON (AP) — President Joe Biden and House Speaker Kevin McCarthy reached an “agreement in principle” to raise the nation's legal debt ceiling late Saturday as they raced to strike a deal to limit federal spending and avert a potentially disastr
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Biden says debt deal 'very close' with default deadline now set at June 5

Biden says debt deal 'very close' with default deadline now set at June 5

WASHINGTON (AP) — President Joe Biden said a deal to resolve the government's debt ceiling crisis seemed “very close” late Friday, even as the deadline for a potentially catastrophic default was pushed back to June 5 and seemed likely to drag negotia
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Loblaw winding down third-party marketplace, focusing on pharmacy and grocery online

Loblaw winding down third-party marketplace, focusing on pharmacy and grocery online

Loblaw Companies Ltd. says it's shutting down its third-party marketplace. Spokeswoman Catherine Thomas has confirmed in a statement that the company will be winding down the marketplace.
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ConocoPhillips to exercise pre-emptive right; will buy rest of Surmont project

ConocoPhillips to exercise pre-emptive right; will buy rest of Surmont project

CALGARY — U.S. oil company ConocoPhillips said Friday it will exercise its right of first refusal and purchase TotalEnergies' 50 per cent stake in the Surmont oilsands project for $4 billion.
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Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (NUMBER, up or down NUMBER): Manulife Financial Corp. (TSX:MFC). Finance. Up 34 cents, or 1.35 per cent, to $25.53 on 14.2 million shares.
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S&P/TSX composite rises almost 150 points Friday, U.S. markets also gain

S&P/TSX composite rises almost 150 points Friday, U.S. markets also gain

TORONTO — Canada's main stock index gained almost 150 points Friday amid broad-based strength, while U.S. markets also rose as tech continued to outperform.
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WestJet pilots deal grants 24% pay raise over four years

WestJet pilots deal grants 24% pay raise over four years

MONTREAL — WestJet pilots are bound for a 24 per cent pay bump over four years under an agreement-in-principle between the company and the union. Pilots will receive a 15.5 per cent hourly pay raise this year retroactive to Jan.
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Stock market today: Tech leads more gains on Wall Street

Stock market today: Tech leads more gains on Wall Street

NEW YORK (AP) — Stocks rose on Wall Street, led by more gains in technology stocks as another chipmaker reported strong demand related to artificial intelligence. The S&P 500 rose 1.3% Friday, and the Nasdaq rose 2.2%. The Dow added 1%.
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Competition Bureau recommends changing THC limits for edibles, easing pot packaging

Competition Bureau recommends changing THC limits for edibles, easing pot packaging

Canada's competition watchdog is putting its weight behind some longtime cannabis industry asks including easing restrictions on cannabis packaging and adjusting limits on how much of pot’s psychoactive component can be in edible products.
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See the moments after a passenger opened a plane door during flight

See the moments after a passenger opened a plane door during flight

SEOUL, South Korea (AP) — A passenger opened an emergency exit door during a plane flight in South Korea on Friday, causing air to blast inside the cabin and slightly injure 12 people, officials said. The plane landed safely.
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