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S&P/TSX composite edges higher as crude oil prices rise, U.S. stock markets mixed

S&P/TSX composite edges higher as crude oil prices rise, U.S. stock markets mixed

TORONTO — Canada's main stock index gave up early gains but still posted a small increase as crude oil prices hit a more than seven-year high and the central bank kept its key interest rate in check. The S&P/TSX composite index closed up 4.
Picasso heirs launch digital art piece to ride 'crypto' wave

Picasso heirs launch digital art piece to ride 'crypto' wave

GENEVA (AP) — Pablo, meet Crypto.
Fed plans to raise rates as soon as March to cool inflation

Fed plans to raise rates as soon as March to cool inflation

WASHINGTON (AP) — The Federal Reserve said Wednesday that it will “soon” be time to start raising interest rates, a key step in reversing pandemic-era policies that have fueled hiring and growth but also high inflation.
Stocks fall, yields rise after Fed signals rate hike 'soon'

Stocks fall, yields rise after Fed signals rate hike 'soon'

NEW YORK — An early market rally gave way to a broad slide for stocks and a surge in bond yields Wednesday after the Federal Reserve signaled it plans to begin raising interest rates “soon” to fight a spike in inflation that the central bank says is
Los Angeles City Council approves phaseout of oil drilling

Los Angeles City Council approves phaseout of oil drilling

The Los Angeles City Council on Wednesday approved a measure to ban new oil and gas wells and phase out existing ones.
DesRosiers says Canadian auto production last year hit lowest level since 1967

DesRosiers says Canadian auto production last year hit lowest level since 1967

TORONTO — DesRosiers Automotive Consultants says Canada produced just over 1.1 million light vehicles last year for the lowest level of production since 1967. The low production numbers, down from 1.

Dark Web marketplace taken down after CRTC levies anti-spam penalties

GATINEAU, Que. — Canada's broadcasting regulator says a prominent Dark Web marketplace has been taken off-line after it levied $300,000 in fines against four individuals linked to the business.
Collision to return to in-person format this year with Toronto conference

Collision to return to in-person format this year with Toronto conference

TORONTO — International technology conference Collision says it will return to hosting an in-person event this year in Toronto.
Brookfield Renewable buys Urban Grid for US$650M, tripling U.S. development pipeline

Brookfield Renewable buys Urban Grid for US$650M, tripling U.S. development pipeline

TORONTO — Brookfield Renewable has purchased clean power developer Urban Grid for US$650 million, making it one of the largest renewable energy developers in the United States.
TD Bank hiring 2,000 new technology employees amid growing demand for skilled workers

TD Bank hiring 2,000 new technology employees amid growing demand for skilled workers

TORONTO — TD Bank Group says it plans to hire more than 2,000 people to fill new technology roles this year as it pushes further into areas like artificial intelligence and cloud-based operations.