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Stock market today: Wall Street wilts as yields rise ahead of speech by Federal Reserve’s Powell
NEW YORK (AP) — Wall Street closed lower, despite a blowout profit report from Nvidia, as bond yields rose ahead of a highly anticipated speech from Federal Reserve Chair Jerome Powell. The S&P 500 fell 1.
Aug 24, 2023 1:08 PM
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Hudson's Bay brings back outlet model with new Scarborough store
TORONTO — Hudson's Bay is reviving its outlet model with a discount store in Toronto's east end. The department store chain says it is converting an existing Hudson's Bay store at Eglinton Square in Scarborough to an outlet.
Aug 24, 2023 1:08 PM
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'No profit right now': Trucking industry facing leaner times as consumer demand drops
MONTREAL — For Jas Singh, the road to profit just keeps getting narrower. “It’s slow right now, not too many loads," said the owner of JK Transport, a Brampton-based trucking company Singh launched 15 years ago.
Aug 24, 2023 12:28 PM
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Crescent Point Energy signs deal to sell assets in North Dakota for $675M in cash
CALGARY — Crescent Point Energy Corp. has signed a deal to sell its North Dakota assets to a private operator for about $675 million in cash.
Aug 24, 2023 12:19 PM
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Starbucks' Pumpkin Spice Latte turns 20, whether you like it or not
The seasonal drink that made pumpkin spice a star is turning 20. And unlike the autumn days it celebrates, there seems to be no chill in customer demand. Starbucks’ Pumpkin Spice Latte goes on sale Thursday in the U.S.
Aug 24, 2023 11:18 AM
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Quebec company buys private island with chalet to boost employee happiness
LAVAL, Que. — A Montreal-area company has come up with a novel — if extreme — way to boost employee happiness: buying them a private island.
Aug 24, 2023 10:40 AM
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TC Energy seeks approval for potential minority interest sale of NGTL system
CALGARY — TC Energy Corp. has applied for regulatory approval for a potential minority interest sale of its Nova Gas Transmission Ltd. (NGTL) system, one that could include possible participation from Indigenous groups.
Aug 24, 2023 10:02 AM
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Sandwich chain Subway will be sold to fast-food investor Roark Capital
Subway said Thursday it will be sold to Roark Capital, a private equity firm with expertise in restaurant management that could help the sandwich chain expand and improve its stores. Terms of the deal weren’t disclosed.
Aug 24, 2023 9:42 AM
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RBC reports $3.9Bn profit, says ramping up job cuts ahead of economic slowdown
TORONTO — Royal Bank of Canada is ramping up job cuts as it works to reduce costs ahead of an expected economic slowdown.
Aug 24, 2023 9:00 AM
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Nova Scotia floods caused $170M in insured damages, estimate shows
Historic flooding in Nova Scotia last month caused more than $170 million in insured damages, an initial estimate from Catastrophe Indices and Quantification Inc. shows.
Aug 24, 2023 8:31 AM
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