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The year in markets: stocks and bonds both tumbled in 'perfect storm'

The year in markets: stocks and bonds both tumbled in 'perfect storm'

OTTAWA — Investors had few places to hide this year. As of closing Wednesday, Canada's main stock index has dropped 12 per cent from the all-time high it hit in the spring.
US economy grew 3.2% in Q3, an upgrade from earlier estimate

US economy grew 3.2% in Q3, an upgrade from earlier estimate

WASHINGTON (AP) — Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.
Superior Plus buying Certarus in deal worth $1.05 billion including debt

Superior Plus buying Certarus in deal worth $1.05 billion including debt

TORONTO — Superior Plus Corp. has signed a deal to buy Certarus Ltd., a privately owned distributor of compressed natural gas, renewable natural gas and hydrogen, in a deal valued at $1.05 billion including debt.
Alimentation Couche-Tard buying U.S. company True Blue Car Wash

Alimentation Couche-Tard buying U.S. company True Blue Car Wash

LAVAL, Que. — Alimentation Couche-Tard Inc. has signed a deal to buy all of the membership interests of U.S. company True Blue Car Wash LLC.
Associates of FTX founder plead guilty to criminal charges

Associates of FTX founder plead guilty to criminal charges

NEW YORK (AP) — Two top associates of Sam Bankman-Fried have pleaded guilty to criminal charges in the collapse of the cryptocurrency exchange FTX in cooperation deals, a federal prosecutor announced Wednesday in a stunning development that came as t
B.C. pauses electricity connections for crypto mining, citing 'massive' consumption

B.C. pauses electricity connections for crypto mining, citing 'massive' consumption

VICTORIA — The British Columbia government is temporarily suspending requests for electricity connections from cryptocurrency mining operations, saying the decision is aimed at preserving the power supply while supporting climate action and economic
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 (19,571.1, up 264.21): Suncor Energy Inc. (TSX:SU). Energy. Up $1.04, or 2.52 per cent, to $42.29 on 9.8 million shares.
S&P/TSX composite up 1.4 per cent, U.S. markets also rise

S&P/TSX composite up 1.4 per cent, U.S. markets also rise

TORONTO — Canada's main stock index gained almost 1.4 per cent Wednesday on broad-based gains, while U.S. markets rose further. The S&P/TSX composite index was up 264.21 points at 19,571.1.
Nova Scotia Power bond rating downgraded by credit rating agency DBRS Morningstar

Nova Scotia Power bond rating downgraded by credit rating agency DBRS Morningstar

HALIFAX — A prominent credit rating agency has downgraded the bonds of Nova Scotia's electrical utility amid the company's conflicts with the provincial government.
Wall Street gains ground, turning higher for the week

Wall Street gains ground, turning higher for the week

NEW YORK — Stocks rose on Wall Street, lifting major indexes into the green for the week as investors welcomed a report showing consumer confidence is holding up better than expected.