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Wall Street opens lower as markets deal with higher rates

Wall Street opens lower as markets deal with higher rates

NEW YORK (AP) — Stocks are dropping in early trading on Wall Street as bond yields get back to rising, putting the squeeze back on markets. The S&P 500 was 1.6% lower Thursday and on pace for its seventh drop in the last eight days.
Canadian economy grew slightly in July, Statistics Canada says

Canadian economy grew slightly in July, Statistics Canada says

OTTAWA — The Canadian economy grew slightly in July with the latest reading on real gross domestic product coming in higher than expected. Statistics Canada said Thursday that the economy grew by 0.
NATO believes Baltic Sea gas leaks were sabotage

NATO believes Baltic Sea gas leaks were sabotage

COPENHAGEN, Denmark (AP) — NATO said Thursday it would retaliate for any attacks on the critical infrastructure of the 30-member-countries organization as it suggested that damage to two gas pipelines off Denmark and would-be member Sweden in interna
US economy drops at 0.6% annual rate from April through June

US economy drops at 0.6% annual rate from April through June

WASHINGTON (AP) — Battered by surging consumer prices and rising interest rates, the U.S. economy shrank at a 0.6% annual rate from April through June, the government announced Thursday, unchanged from its previous second-quarter estimate.
Germany to spend billions to tackle high energy prices

Germany to spend billions to tackle high energy prices

BERLIN (AP) — Germany plans to spend up to 200 billion euros ($195 billion) helping consumers and businesses cope with surging energy prices, particularly for natural gas , due to the war in Ukraine.
Kremlin gets ready to annex 4 regions of Ukraine on Friday

Kremlin gets ready to annex 4 regions of Ukraine on Friday

KYIV, Ukraine (AP) — Russia on Friday will formally annex occupied parts of Ukraine where it held Kremlin-orchestrated “referendums” in which it claimed that residents had voted overwhelmingly to live under Moscow’s rule.
Enbridge buys U.S. renewable power project developer Tri Global Energy

Enbridge buys U.S. renewable power project developer Tri Global Energy

CALGARY — Enbridge Inc. says it has bought Tri Global Energy (TGE), a U.S. renewable power project developer, for US$270 million in cash and assumed debt.
Federal finance minister approves Equitable Bank deal to buy Concentra

Federal finance minister approves Equitable Bank deal to buy Concentra

TORONTO — Equitable Bank says the federal finance minister has approved the company's deal to buy digital rival Concentra Bank. The Toronto-based bank says no further regulatory or shareholder approvals are required in the acquisition.
Senior bureaucrats probed cryptocurrencies after Poilievre campaign comments

Senior bureaucrats probed cryptocurrencies after Poilievre campaign comments

OTTAWA — Senior federal bureaucrats examined whether cryptocurrencies protect against inflation not long after Opposition Leader Pierre Poilievre made the claim as a candidate in the Conservative leadership race, according to an internal government d
UK's Truss defends economic plan that sent pound tumbling

UK's Truss defends economic plan that sent pound tumbling

LONDON (AP) — British Prime Minister Liz Truss on Thursday defended her economic plan and shrugged off the negative reaction from financial markets, saying she’s willing to make “difficult decisions” to get the economy growing.