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Scotiabank profits slip as auto loans and variable mortgages weigh

Scotiabank profits slip as auto loans and variable mortgages weigh

TORONTO — Rising strain in auto loans and mortgages led Scotiabank to set aside more money in the second quarter, leading to a drop in profits and analyst concern about its growth prospects. The bank said Tuesday its net income fell to $2.
OpenAI forms safety committee as it starts training latest artificial intelligence model

OpenAI forms safety committee as it starts training latest artificial intelligence model

OpenAI says it's setting up a safety and security committee and has begun training a new AI model to supplant the GPT-4 system that underpins its ChatGPT chatbot.
US consumer confidence rises in May after three months of declines

US consumer confidence rises in May after three months of declines

WASHINGTON (AP) — Consumer confidence in the U.S. rose in May after three straight months of declines, though Americans are still anxious about inflation and interest rates.
1 in 8 pregnant people have disabilities but face lack of accessible care: report

1 in 8 pregnant people have disabilities but face lack of accessible care: report

One in eight pregnant people in Ontario has a disability, but many face barriers to accessible care and disrespect from health-care providers, a new report published Tuesday says.
Private equity firm buys hockey rink board maker Athletica Sport Systems

Private equity firm buys hockey rink board maker Athletica Sport Systems

TORONTO — Private equity firm Reichmann Segal Capital Partners says it has acquired Athletica Sport Systems Inc., a maker of boards and other equipment used for hockey rinks. Terms of the transaction were not disclosed.
Why young people keep getting caught in debt traps and how to break the cycle

Why young people keep getting caught in debt traps and how to break the cycle

Between inflation, housing costs and interest rates, debt is ballooning for many younger Canadians. Scott Terrio sees it all the time.
More Canadians only making minimum payment on credit cards: TransUnion

More Canadians only making minimum payment on credit cards: TransUnion

A new report suggests an increasing number of Canadians are seeing their credit card balances balloon as the cost-of-living crisis and higher interest rates eat into household budgets.
T-Mobile to buy almost all of U.S Cellular in deal worth $4.4 billion with debt

T-Mobile to buy almost all of U.S Cellular in deal worth $4.4 billion with debt

T-Mobile is buying U.S. Cellular's wireless operations and certain spectrum assets in a deal valued at $4.4 billion, and further consolidating the industry. As part of the agreement, T-Mobile will get U.S.
sa¹ú¼Ê´«Ã½ announces online building permit hub to speed up homebuilding across province

sa¹ú¼Ê´«Ã½ announces online building permit hub to speed up homebuilding across province

BURNABY — The British Columbia government says a new online "hub" will speed up building permit processes across jurisdictions.
Lobby group says emissions cap could cost oil and gas sector $75B in lost investment

Lobby group says emissions cap could cost oil and gas sector $75B in lost investment

CALGARY — A new report commissioned by an industry lobby group on the federal government's proposed emissions cap stirred up strong reactions from both oil and gas supporters and environmental groups on Monday.