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U.S. will not default, but Republicans won't be to blame if it does, McCarthy says

U.S. will not default, but Republicans won't be to blame if it does, McCarthy says

WASHINGTON — The United States won't go into default on its debt, House Speaker Kevin McCarthy predicted Wednesday — but the highest-ranking Republican on Capitol Hill also said it won't be his fault if it does.
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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 (19,927.69, down 218.32): Manulife Financial Corp. (TSX:MFC). Finance. Down 57 cents, or 2.23 per cent, to $25.02 on 12.
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S&P/TSX composite down more than 200 points, U.S. stock markets also lower

S&P/TSX composite down more than 200 points, U.S. stock markets also lower

TORONTO — Canada's main stock index was down more than 200 points Wednesday, with financials, metals and industrials leading the decline, while U.S. stock markets also retreated as debates over the country's debt ceiling remained unresolved.
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BMO and Scotiabank report slowing growth, credit provisions put pressure on earnings

BMO and Scotiabank report slowing growth, credit provisions put pressure on earnings

TORONTO — Weakening economic conditions weighed on Canadian banks as they began to report second quarter results Wednesday.
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AI guru Yoshua Bengio says regulation too slow, warns of 'existential' threats

AI guru Yoshua Bengio says regulation too slow, warns of 'existential' threats

MONTREAL — Artificial intelligence pioneer Yoshua Bengio says regulation in Canada is on the right path, but progress is far too sluggish.
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A June pause in rate hikes would be a close call for Fed officials, minutes of last meeting show

A June pause in rate hikes would be a close call for Fed officials, minutes of last meeting show

WASHINGTON (AP) — Federal Reserve officials were divided earlier this month on whether to pause their interest rate hikes at their upcoming meeting in June, according to the minutes of their May 2-3 meeting released Wednesday.
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Target becomes latest company to suffer backlash for LGBTQ+ support, pulls some Pride month clothing

Target becomes latest company to suffer backlash for LGBTQ+ support, pulls some Pride month clothing

NEW YORK (AP) — Target is removing some items from its stores and making other changes to its LGBTQ+ merchandise nationwide ahead of Pride month after intense backlash from some customers who confronted workers and tipped over displays.
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CPP Investments reports 1.3 per cent return for its latest fiscal year

CPP Investments reports 1.3 per cent return for its latest fiscal year

TORONTO — The Canada Pension Plan Investment Board is bracing for headwinds in the event of a recession but said a wide range of investments makes it well-positioned for uncertain economic conditions.
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Cirque du Soleil and Gamefam to launch Roblox experience as part of next-gen push

Cirque du Soleil and Gamefam to launch Roblox experience as part of next-gen push

MONTREAL — Cirque de Soleil Entertainment Group is joining forces with metaverse game developer Gamefam to create an online gaming experience on Roblox.
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McCarthy sending negotiators to White House to finish debt limit talks, but sides 'far apart'

McCarthy sending negotiators to White House to finish debt limit talks, but sides 'far apart'

WASHINGTON (AP) — House Speaker Kevin McCarthy said Wednesday he was sending Republican negotiators to the White House to finish out debt limit talks, but warned that the two sides are “still far apart” as they try to reach a budget deal with Preside
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