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National Business
National Business
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.
May 28, 2024 11:59 AM
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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.
May 28, 2024 10:56 AM
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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.
May 28, 2024 9:37 AM
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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.
May 28, 2024 9:22 AM
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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.
May 28, 2024 8:11 AM
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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.
May 28, 2024 7:00 AM
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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.
May 28, 2024 6:59 AM
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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.
May 28, 2024 5:05 AM
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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.
May 27, 2024 3:16 PM
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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.
May 27, 2024 2:55 PM
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