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S&P/TSX composite closes down more than 500 points, U.S. stock markets tumble lower

S&P/TSX composite closes down more than 500 points, U.S. stock markets tumble lower

TORONTO — Rising fears around future economic growth weighed heavily on markets Friday, pushing Canada's main stock index sharply down along with the commodities that underpin so much of it, while U.S. markets also dropped.
Environment commitments not met by Canada's oil and gas companies, new report shows

Environment commitments not met by Canada's oil and gas companies, new report shows

Most of Canada's oilsands producers have made little progress on their goal to decarbonize the sector despite historically high profits and low capital expenditures, a new report said.
Court of Appeal upholds sharing of Canadian bank account info with U.S. authorities

Court of Appeal upholds sharing of Canadian bank account info with U.S. authorities

OTTAWA — The Federal Court of Appeal has affirmed the constitutionality of legislation that allows account information held by Canadian financial institutions to be shared with U.S. authorities. Two U.S.
Effect of pandemic border restrictions could be long-lasting: Critics

Effect of pandemic border restrictions could be long-lasting: Critics

BANFF, Alta. — The last of Canada's COVID-19 border restrictions are set to disappear at the end of this month, but some critics say they fear the measures have already caused a lasting decrease in cross-border travel.
Follow Canada's lead on easing COVID-19 travel restrictions, U.S. lawmakers urge

Follow Canada's lead on easing COVID-19 travel restrictions, U.S. lawmakers urge

WASHINGTON — Lawmakers from the northern United States are cheering reports that Canada is poised to abandon COVID-19 vaccination rules for foreign visitors, and want President Joe Biden's administration to follow suit. Montana Sen.
Large fancy vivid yellow diamond discovered in N.W.T.

Large fancy vivid yellow diamond discovered in N.W.T.

YELLOWKNIFE — The owners of a diamond mine in the Northwest Territories say workers have recovered what is likely Canada's largest fancy vivid yellow diamond. The Arctic Canadian Diamond Company says the 71.
End to Monday print edition of nine papers by Postmedia an 'important moment': expert

End to Monday print edition of nine papers by Postmedia an 'important moment': expert

One expert at the intersection of journalism and policy says Postmedia Network Inc.'s decision to end the Monday print edition of nine of its urban daily newspapers next month is an "important moment" for news media in Canada.
Ontario records surplus in last fiscal year and a drop in education spending

Ontario records surplus in last fiscal year and a drop in education spending

TORONTO — Ontario ended the last fiscal year with a $2.1-billion surplus – a far cry from the $33-billion deficit projected in the budget – thanks to inflation and stronger economic growth, officials said Friday.
Nunavut review board recommends temporary production increase for iron ore mine

Nunavut review board recommends temporary production increase for iron ore mine

POND INLET, Nunavut — An environmental assessment agency in Nunavut has recommended that an iron ore mine on the northern tip of Baffin Island be allowed to increase its production by roughly two million tonnes this year, staving off expected job los
Temporary EI measures set to expire with no timeline for program reform

Temporary EI measures set to expire with no timeline for program reform

OTTAWA — Workers applying for employment insurance benefits will have to qualify based on pre-pandemic rules starting Sunday, when temporary measures are set to expire.