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S&P/TSX composite continues its slide into bear market territory

S&P/TSX composite continues its slide into bear market territory

The S&P/TSX composite index continued its slide into bear market territory Thursday, suffering a sixth straight session of losses.

Sources: Hyundai to set $7B Georgia plant during Biden visit

ATLANTA (AP) — South Korean automaker Hyundai Motor Group is expected to announce next week it’s building a massive electric vehicle plant near Savannah, Georgia, according to a U.S. official familiar with the anticipated announcement.
WSP Global beats earnings expectations as it locks down large projects

WSP Global beats earnings expectations as it locks down large projects

MONTREAL — WSP Global Inc. secured key project wins across three continents this year, boosting profits and revenue and beating expectations in its first quarter.
Manitoba business group wants tax review; premier says she's willing

Manitoba business group wants tax review; premier says she's willing

WINNIPEG — The Manitoba government is open to the idea of a wide-ranging review of its taxes to remain competitive with other provinces, Premier Heather Stefanson said Thursday.
Airport delays effectively forcing flight attendants to work for free: Union

Airport delays effectively forcing flight attendants to work for free: Union

MONTREAL — Flight attendants are effectively forced to work for free amid growing tarmac delays — particularly at Toronto's Pearson airport — according to the employees' biggest union.

BoC's Gravelle says "perfect storm" fueling inflation, but key differences from '70s

The Bank of Canada's deputy governor is blaming a "perfect storm" of factors for driving the country's inflation to a decades-high rate, as one Conservative party leadership candidate says the rising prices is reason enough for the head of the bank t
Higher interest rates push homes sales in B.C. back toward normal: association

Higher interest rates push homes sales in B.C. back toward normal: association

VANCOUVER — The British Columbia Real Estate Association says the sharp increase in mortgage rates is pushing the province's home sales down "a path to normalizing," although it estimates a balanced market is at least a year away.
Senate confirms Powell for 2nd term as Fed fights inflation

Senate confirms Powell for 2nd term as Fed fights inflation

WASHINGTON (AP) — The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving bipartisan backing to Powell's high-stakes efforts to curb the highest inflation in four decades.
Quebecor eyes Freedom Mobile as it looks to expand beyond Quebec

Quebecor eyes Freedom Mobile as it looks to expand beyond Quebec

MONTREAL — Quebecor Inc. is mulling a move into the wireless market outside Quebec, with CEO Pierre Karl Péladeau saying Shaw Communications Inc.'s wireless business offers one potential avenue.
What you need to know about the Bank of Canada following Poilievre's fiery comments

What you need to know about the Bank of Canada following Poilievre's fiery comments

TORONTO — During Wednesday's Conservative leadership debate in Edmonton, candidate Pierre Poilievre said he would remove Bank of Canada governor Tiff Macklem if he were to be elected prime minister.