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National Business
National Business
Canadian bank funding stable despite $57B market cap loss: report
TORONTO — Credit rating agency DBRS Morningstar says funding levels at Canadian banks are stable despite about $57 billion in lost market capitalization for the Big Six banks over the past two weeks.
Mar 20, 2023 1:41 PM
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Credit Suisse-UBS deal offers hope, but bank doubts persist
LONDON (AP) — Credit Suisse shares plunged Monday after Swiss authorities cut a deal with its bigger rival UBS to acquire the troubled bank at a marked-down price.
Mar 20, 2023 1:40 PM
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Wall Street strengthens after big bank deal, regulator moves
NEW YORK (AP) — Wall Street is rising Monday after regulators pushed together two huge banks over the weekend and made other moves to build confidence in the struggling industry. The S&P 500 was 0.
Mar 20, 2023 1:28 PM
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RBC fossil fuel expansion funding jumped 45% last year to US$10.8B: report
TORONTO — Data from an environmental group shows RBC's fossil fuel expansion-related funding jumped by almost half last year to its highest level since the Paris climate agreement was reached in 2015. Stand.earth says the bank's US$10.
Mar 20, 2023 1:24 PM
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Nordstrom Canada to begin liquidation Tuesday after receiving court's permission
TORONTO — The liquidation sales at Nordstrom stores across Canada will begin Tuesday.
Mar 20, 2023 12:14 PM
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Amazon cuts 9,000 more jobs, bringing 2023 total to 27,000
NEW YORK (AP) — Amazon plans to eliminate 9,000 more jobs in the next few weeks, CEO Andy Jassy said in a memo to staff on Monday.
Mar 20, 2023 12:04 PM
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New York Community Bank to buy failed Signature Bank
NEW YORK (AP) — New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7 billion deal, the Federal Deposit Insurance Corp. said late Sunday.
Mar 19, 2023 9:45 PM
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UBS to buy Credit Suisse for nearly $3.25B to calm turmoil
GENEVA (AP) — Banking giant UBS is buying troubled rival Credit Suisse for almost $3.25 billion, in a deal orchestrated by regulators in an effort to avoid further market-shaking turmoil in the global banking system.
Mar 19, 2023 8:19 PM
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Indigenous communities leading Canada's clean energy boom
CALGARY — On a wintry day last November, Daphne Kay looked up at an expanse of gleaming solar panels located on Cowessess First Nation reserve land just east of Reginaand cried.
Mar 19, 2023 10:00 AM
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Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week
Mar 19, 2023 10:00 AM
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