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S&P/TSX composite index up, U.S. markets soar on Fed optimism

S&P/TSX composite index up, U.S. markets soar on Fed optimism

TORONTO — Canada's main stock index gained almost one per cent Wednesday after dipping in the morning, with gains in metals, industrials and other sectors offsetting a slip in energy stocks, while U.S. markets posted stronger gains.
Christmas tree farmers branch out to stay alive amid challenges

Christmas tree farmers branch out to stay alive amid challenges

Anyone looking for that perfect Christmas tree will probably notice the 10 per cent price increase from last year, but they're less likely to see what's behind it: an industry at a turning point.
Powell: Fed to keep rates higher for longer to cut inflation

Powell: Fed to keep rates higher for longer to cut inflation

WASHINGTON (AP) — The Federal Reserve will push rates higher than previously expected and keep them there for an extended period, Chair Jerome Powell said Wednesday in remarks likely intended to underscore the Fed's single-minded focus on combating s
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.
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.
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