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Canada Post reports $748-million pre-tax loss for 2023, warns of worse ahead
OTTAWA — Canada Post says it lost $748 million before tax last year as it warned larger, unsustainable losses are likely ahead without changes to its business model.
May 3, 2024 5:08 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (21,947.41, up 124.19 points): Toronto-Dominion Bank. (TSX:TD). Finance. Down $4.64, or 5.84 per cent, to $74.80 on 14.8 million shares.
May 3, 2024 4:58 PM
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TD worst-case scenario more likely after drug money laundering allegations: analyst
TORONTO — TD Bank Group could be hit with more severe penalties than previously expected, says a banking analyst after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits.
May 3, 2024 4:52 PM
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S&P/TSX composite up Friday, U.S. stock markets rally after jobs report shows cooling
TORONTO — Canada's main stock index rose Friday, led by strength in base metals, utilities and telecom, while U.S. markets rallied after the latest jobs report came in cooler than expected. Markets rose Friday after the latest report on the U.S.
May 3, 2024 4:48 PM
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Stock market today: Wall Street rallies after hiring shows welcome signs of cooling
NEW YORK — Stocks closed sharply higher on Wall Street, erasing their losses for the week, after the government reported a cooldown in hiring last month.
May 3, 2024 4:08 PM
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US loosens some electric vehicle battery rules, potentially making more EVs eligible for tax credits
DETROIT (AP) — The U.S. government on Friday loosened some rules governing electric vehicle tax credits, potentially making more EVs eligible for credits of up to $7,500 but leading critics to accuse the Biden administration of helping China.
May 3, 2024 4:08 PM
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Loblaw boycott organizer says she met with CEO to talk about grocery prices
One of the organizers of a month-long boycott of Loblaw-owned stores says she met with the grocer's president and CEO Per Bank on Thursday afternoon.
May 3, 2024 3:59 PM
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Three people arrested in Nova Scotia after search of suspected elver holding facility
HALIFAX — The federal Fisheries Department says it arrested three people after executing a search warrant at a suspected holding facility for baby eels in southwestern Nova Scotia.
May 3, 2024 3:47 PM
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US employers scaled back hiring in April. How that could let the Fed cut interest rates
WASHINGTON (AP) — The nation’s employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market.
May 3, 2024 2:27 PM
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Business insolvencies spike in first quarter, consumer insolvencies also rise
OTTAWA — Business insolvencies surged 87.2 per cent year-over-year in the first quarter of 2024, while consumer insolvencies rose 14 per cent.
May 3, 2024 1:46 PM
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