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National Business
Loblaw discount reduction not evidence of grocery collusion: competition expert
Loblaw’s recent move to reduce discounts on last-day sale items is a normal practice in the industry, not a sign of collusion, according to an expert in Canadian competition.
Jan 18, 2024 11:52 AM
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Here's when airlines owe you compensation
Under changes proposed by Canada's transport regulator, the following reasons for a flight delay or cancellation would qualify travellers for compensation of up to $1,000 — though most already apply. - Flight crew or cabin crew shortage.
Jan 18, 2024 11:08 AM
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The drop in Panama Canal traffic due to a severe drought could cost up to $700 million
PANAMA CITY (AP) — A severe drought that began last year has forced authorities to slash ship crossings by 36% in the Panama Canal, one of the world's most important trade routes.
Jan 18, 2024 9:51 AM
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US applications for jobless benefits fall to lowest level since September 2022
The number of Americans applying for unemployment benefits last week fell to its lowest level in more than a year, underscoring the resilience of the labor market despite elevated interest rates that are intended to cool the economy.
Jan 18, 2024 9:01 AM
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Extreme weather a growing risk to Canada's electricity grid: experts
CALGARY — A series of electricity grid alerts in Alberta during the deep freeze last week made headlines across the country, but experts say power systems all across North America are increasingly at risk of being overloaded during severe weather.
Jan 18, 2024 6:32 AM
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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 (20,695.02, down 253.07 points): Toronto-Dominion Bank. (TSX:TD). Finance. Down 56 cents, or 0.70 per cent, to $79.88 on 11.
Jan 17, 2024 4:51 PM
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S&P/TSX composite down more than 250 points, U.S. stock markets also lower
TORONTO — Canada's main stock index fell more than 250 points in a broad-based decline Wednesday, while U.S. stock markets also fell. The S&P/TSX composite index closed down 253.07 points at 20,695.02.
Jan 17, 2024 4:48 PM
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Stock market today: Wall Street slips as hopes dim for an imminent cut to interest rates
NEW YORK (AP) — Wall Street slipped again after a stronger-than-expected report on the U.S. economy weakened hopes that easier interest rates would arrive soon. The S&P 500 fell 0.6% Wednesday, its second straight drop. The Dow fell 0.
Jan 17, 2024 4:05 PM
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Oil sector CEO compensation jumps double-digits amid surging profits: report
CALGARY — CEO pay in the oil and gas sector has soared with the industry's post-pandemic resurgence and will likely increase even more with the completion of the Trans Mountain pipeline expansion this year, a new report projects.
Jan 17, 2024 2:35 PM
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Retail sales up strongly in December as Americans showed continued willingness to spend
NEW YORK (AP) — Americans stepped up their spending at retailers in December, closing out the holiday shopping season and the year on an upbeat tone and signaling that people remain confident enough to keep spending freely.
Jan 17, 2024 2:11 PM
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