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Alamos Gold signs deal for Argonaut Gold and its Magino mine in Ontario

Alamos Gold signs deal for Argonaut Gold and its Magino mine in Ontario

TORONTO — Alamos Gold Inc. has signed a deal to acquire Argonaut Gold Inc.'s Magino mine in Canada, while the company's assets in the United States and Mexico will be spun out to its existing shareholders.
Business leaders say housing biggest risk to economy: KPMG survey

Business leaders say housing biggest risk to economy: KPMG survey

TORONTO — Business leaders see the housing crisis as the biggest risk to the economy, a new survey from KPMG Canada shows.
CRA fires 232 people for falsely claiming $2,000 monthly pandemic benefit

CRA fires 232 people for falsely claiming $2,000 monthly pandemic benefit

OTTAWA — The Canada Revenue Agency has now fired more than 200 people for falsely claiming a federal income benefit during the COVID-19 pandemic.
Ontario deficit ballooning to $9.8B next year amid slow economic growth

Ontario deficit ballooning to $9.8B next year amid slow economic growth

TORONTO — Ontario is delaying its path to balance as lethargic economic growth drags the province's books further into the red, with a $9.8-billion budget deficit projected for the coming fiscal year.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,912.52, down 29.76 points): Toronto-Dominion Bank. (TSX:TD). Finance. Up eight cents, or 0.10 per cent, to $81.04 on 16.
Smith Financial looks to merge portfolio companies Fairstone Bank and Home Trust

Smith Financial looks to merge portfolio companies Fairstone Bank and Home Trust

TORONTO — Smith Financial Corp. is merging a pair of its portfolio companies in a move it says will create the leading alternative lender in Canada.
S&P/TSX composite ticks lower Tuesday, U.S. markets also take a dip

S&P/TSX composite ticks lower Tuesday, U.S. markets also take a dip

TORONTO — Canada's main stock index was down almost 30 points Tuesday, led by weakness in energy and base metals, while U.S. markets also moved into the red after drifting higher for most of the day. A late-day drop for Nvidia dragged U.S.
Trump's social media company gains in its first day of trading on Nasdaq

Trump's social media company gains in its first day of trading on Nasdaq

NEW YORK (AP) — Shares of Donald Trump’s social media company rose about 16% in the first day of trading on the Nasdaq, boosting the value of Trump's large stake in the company as well as the smaller holdings of fans who purchased shares as a show of
Stock market today: Wall Street pulls back further from its all-time highs

Stock market today: Wall Street pulls back further from its all-time highs

NEW YORK (AP) — Wall Street slipped a bit further from its record heights. The S&P 500 fell 0.3% Tuesday for its third straight modest drop. The Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite fell 0.4%.
CFIB says 200,000 small businesses took new loans to meet CEBA repayment deadline

CFIB says 200,000 small businesses took new loans to meet CEBA repayment deadline

TORONTO — Roughly 200,000 small businesses took on new debt to access the forgivable portion of their pandemic relief loans from the federal government, the Canadian Federation of Independent Business said Tuesday.