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S&P/TSX composite ekes out new record closing high, U.S. markets also set new records

S&P/TSX composite ekes out new record closing high, U.S. markets also set new records

TORONTO — Canada's main stock index rose Thursday to scrape out a new all-time closing high, while U.S. markets continued to set their own records. The S&P/TSX composite index closed up 41.55 points at 22,087.26. Its previous record was 22,087.
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RBC to close 25 HSBC locations, convert others once takeover closes next week

RBC to close 25 HSBC locations, convert others once takeover closes next week

TORONTO — Royal Bank of Canada says it will be closing 25 HSBC Bank Canada branches and rebranding dozens more after its takeover deal closes next week.
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Highlights of Newfoundland and Labrador's 2024-25 budget

Highlights of Newfoundland and Labrador's 2024-25 budget

ST. JOHN'S, N.L. — Newfoundland and Labrador Finance Minister Siobhan Coady tabled the province’s 2024-25 budget Thursday. Here are some highlights: - Projected GDP is $33.2 billion, which is a five per cent increase from $31.
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Micro-apartments are back after nearly a century, as need for affordable housing soars

Micro-apartments are back after nearly a century, as need for affordable housing soars

SEATTLE (AP) — Every part of Barbara Peraza-Garcia and her family’s single-room apartment in Seattle has a double or even triple purpose.
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US sues Apple, alleging it illegally monopolized the smartphone market

US sues Apple, alleging it illegally monopolized the smartphone market

WASHINGTON (AP) — The Justice Department on Thursday announced a sweeping antitrust lawsuit against Apple , accusing the tech giant of engineering an illegal monopoly in smartphones that boxes out competitors, stifles innovation and keeps prices arti
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The UN adopts a resolution backing efforts to ensure artificial intelligence is safe

The UN adopts a resolution backing efforts to ensure artificial intelligence is safe

UNITED NATIONS (AP) — The General Assembly approved the first United Nations resolution on artificial intelligence Thursday, giving global support to an international effort to ensure the powerful new technology benefits all nations, respects human r
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Businesses worried about ESG fraud as stakeholder pressure mounts: KPMG poll

Businesses worried about ESG fraud as stakeholder pressure mounts: KPMG poll

TORONTO — Businesses are increasingly concerned about ESG fraud, which is when a company's environmental, social and governance efforts or data are exaggerated, embellished or distorted.
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More Canadians have poor mental health. The economy is partly to blame, survey says

More Canadians have poor mental health. The economy is partly to blame, survey says

The double whammy of the COVID-19 pandemic and economic stressors is taking a toll on the mental health of Canadian adults, according to new data released by the Canadian Institute for Health Information on Thursday.
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February home sales hit strongest pace in a year as mortgage rates ease and more houses hit market

February home sales hit strongest pace in a year as mortgage rates ease and more houses hit market

LOS ANGELES (AP) — Sales of previously occupied U.S. homes rose in January from the previous month to the strongest pace in a year with homebuyers encouraged by a modest pullback in mortgage rates and more properties on the market.
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BoC expects quantitative tightening to end in 2025, deputy governor says

BoC expects quantitative tightening to end in 2025, deputy governor says

OTTAWA — The Bank of Canada expects quantitative tightening to end sometime in 2025, deputy governor Toni Gravelle said in a speech Thursday about how the central bank plans to manage its balance sheet.
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