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S&P/TSX composite drops, loonie gains in reaction to hawkish Bank of sa¹ú¼Ê´«Ã½ outlook

S&P/TSX composite drops, loonie gains in reaction to hawkish Bank of sa¹ú¼Ê´«Ã½ outlook

TORONTO — sa¹ú¼Ê´«Ã½'s main stock index suffered its worst day in about a month while the loonie climbed higher after the Bank of sa¹ú¼Ê´«Ã½ moved up its timeline for raising interest rates. "Traders are interpreting ...
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,954.99, down 218.46 points.) Algonquin Power & Utilities Corp. (TSX:AQN). Utilities. Down 80 cents, or 4.3 per cent, to $17.
Starbucks sa¹ú¼Ê´«Ã½ raising wages amid 'critical staffing shortages'

Starbucks sa¹ú¼Ê´«Ã½ raising wages amid 'critical staffing shortages'

TORONTO — Starbucks sa¹ú¼Ê´«Ã½ says it's raising wages and benefits amid "critical staffing shortages" and a renewed commitment to the well-being of its workers.
Even with ongoing power struggle, Rogers deal is still worth it for Shaw: experts

Even with ongoing power struggle, Rogers deal is still worth it for Shaw: experts

TORONTO — Executives at Shaw Communications Inc. are sure to be watching closely as a battle for control at Rogers Communications Inc.
Bank of sa¹ú¼Ê´«Ã½ warns on prolonged inflation, but hints at looming hike in rates

Bank of sa¹ú¼Ê´«Ã½ warns on prolonged inflation, but hints at looming hike in rates

OTTAWA — The Bank of sa¹ú¼Ê´«Ã½ is warning inflation will stay higher for longer than it previously forecast and signalled that an interest rate hike may be coming sooner than expected.
Teck Resources reports record profits in Q3 as global commodities surge

Teck Resources reports record profits in Q3 as global commodities surge

CALGARY — Surging global commodity prices helped lift Teck Resources Ltd. to a record third quarter and the company said Wednesday it's on track to surpass those results in the fourth quarter of this year.
University of Toronto to fully divest $4 billion endowment from fossil fuels by 2030

University of Toronto to fully divest $4 billion endowment from fossil fuels by 2030

TORONTO — The University of Toronto has become the latest institution to commit to the divestment movement, saying Wednesday that it will sell off all fossil fuel investments in its $4 billion endowment fund by the end of 2030 to help fight climate c
H&R Real Estate Investment Trust to focus on residential and industrial sector

H&R Real Estate Investment Trust to focus on residential and industrial sector

TORONTO — H&R Real Estate Investment Trust, one of sa¹ú¼Ê´«Ã½'s largest landlords, announced a plan to spin off or sell its retail and office properties in a bid to focus on the residential and industrial sector.
TC Energy cutting more than 1,000 Keystone XL construction jobs as work halted

TC Energy cutting more than 1,000 Keystone XL construction jobs as work halted

CALGARY — TC Energy Corp. is planning to eliminate more than 1,000 construction jobs related to its decision to halt work on its Keystone XL pipeline expansion project. The company suspended work on the project Wednesday as U.S.
S&P/TSX composite slips in morning trading, loonie moves higher

S&P/TSX composite slips in morning trading, loonie moves higher

TORONTO — sa¹ú¼Ê´«Ã½'s main stock index dipped in early trading, lagging U.S. markets as the Canadian dollar headed higher. The S&P/TSX composite index was down 33.13 points at 17,981.78. In New York, the Dow Jones industrial average was up 37.