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TSX down more than 100 points as oil drops below US$70, Bank of Canada holds rates

TSX down more than 100 points as oil drops below US$70, Bank of Canada holds rates

TORONTO — Canada's main stock index was down more than 100 points on Wednesday, dragged lower by losses in energy as oil sank below US$70 a barrel, while U.S. markets were also down.
Ottawa gives Newfoundland and Labrador more control over offshore wind power projects

Ottawa gives Newfoundland and Labrador more control over offshore wind power projects

OTTAWA — The federal government is stepping out of the regulatory process for some offshore wind power on Canada’s east coast in an effort to reduce red tape and speed up development.
Stock market today: Wall Street slips as sinking crude oil prices weigh on energy stocks

Stock market today: Wall Street slips as sinking crude oil prices weigh on energy stocks

NEW YORK (AP) — Stocks closed lower on Wall Street after another sharp slide for the price of crude dragged down big oil-and-gas stocks. The S&P 500 fell 0.
BoC holds key interest rate steady as speculation shifts to timing of rate cuts

BoC holds key interest rate steady as speculation shifts to timing of rate cuts

OTTAWA — The Bank of Canada ended the year with another interest rate hold as the economy slows and forecasters speculate on the timing of rate cuts in 2024.
Most Canadians want more federal spending on health care, housing: poll

Most Canadians want more federal spending on health care, housing: poll

OTTAWA — A majority of Canadians think the federal government should spend more on health care, a housing strategy and initiatives to ease inflation and cost-of-living issues, a new poll suggests — but they also want it to freeze or reduce other spen
Statistics Canada reports $3B merchandise trade surplus for October

Statistics Canada reports $3B merchandise trade surplus for October

OTTAWA — Canada's merchandise trade surplus grew to $3 billion in October as imports fell and exports edged higher, Statistics Canada said Wednesday. The result compared with a revised surplus of $1.1 billion in September.
Roots reports Q3 sales and profit down from year ago as it faces economic headwinds

Roots reports Q3 sales and profit down from year ago as it faces economic headwinds

TORONTO — The chief executive of Roots Corp. says the retailer has a "cautious outlook" these days because some shoppers are delaying holiday purchases as they become more price sensitive.
QPAREB says Montreal home sales in November edged down from year ago

QPAREB says Montreal home sales in November edged down from year ago

MONTREAL — The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales in November edged down one per cent compared with the same month last year.
Workers raise the bar: 2023 was a year of wage gains marked by high-profile strikes

Workers raise the bar: 2023 was a year of wage gains marked by high-profile strikes

A month after 3,700 grocery store workers walked off their jobs at Toronto-area Metro stores earlier this year, they returned to work under a new contract that Unifor called “historic.
Actors vote to approve deal that ended strike, bringing relief to union leaders and Hollywood

Actors vote to approve deal that ended strike, bringing relief to union leaders and Hollywood

LOS ANGELES (AP) — Hollywood’s actors have voted to ratify the deal with studios that ended their strike after nearly four months, bringing an official finish to the labor strife that shook the entertainment industry for most of 2023.