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Newfoundland and Labrador launching court case against federal equalization program

Newfoundland and Labrador launching court case against federal equalization program

ST. JOHN'S, N.L. — The Newfoundland and Labrador government revealed Thursday that it plans to take Ottawa to court over the federal equalization program, saying it puts Canada’s easternmost province at a disadvantage.
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S&P/TSX composite up more than 150 points, U.S. stock markets fall

S&P/TSX composite up more than 150 points, U.S. stock markets fall

Canada's main stock index differentiated itself from sliding U.S. markets Thursday, gaining more than 150 points on the back of better-than-expected quarterly results from Royal Bank and CIBC. The S&P/TSX composite index was up 173.
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Stock market today: Most of Wall Street rises, but indexes dip on Salesforce's worst day in 20 years

Stock market today: Most of Wall Street rises, but indexes dip on Salesforce's worst day in 20 years

NEW YORK (AP) — Most U.S. stocks rose following mixed profit reports from big companies and signals that the economy may be cooling, but the worst day for Salesforce’s stock in nearly 20 years helped drag indexes lower. The S&P 500 sank 0.
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Banks wrap quarter that saw more money set aside as consumer strain grows

Banks wrap quarter that saw more money set aside as consumer strain grows

TORONTO — CIBC and Royal Bank wrapped a round of second-quarter bank earnings on Thursday that showed rising but manageable consumer strain.
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Former BoC governor Stephen Poloz warns on low business investment, lost productivity

Former BoC governor Stephen Poloz warns on low business investment, lost productivity

TORONTO — Stephen Poloz is concerned about investment levels in Canada’s private sector, which he says has been dampened by higher government spending and volatility in U.S. trade relations.
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B.C. government to pay for COVID-19 drug Paxlovid after feds drop coverage

B.C. government to pay for COVID-19 drug Paxlovid after feds drop coverage

VICTORIA — British Columbia will cover the cost of an antiviral drug aimed at treating mild to moderate cases of COVID-19 as the federal government ends its coverage. A statement from B.C.
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Brookfield in talks to buy French renewable power company Neoen

Brookfield in talks to buy French renewable power company Neoen

TORONTO — Brookfield is in talks to acquire a majority stake in French renewable power developer Neoen, with plans to buy the remaining interest in the company, if it is successful in reaching a deal.
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RBC reports Q2 profit up, returning more cash to shareholders after closing HSBC deal

RBC reports Q2 profit up, returning more cash to shareholders after closing HSBC deal

TORONTO — Royal Bank of Canada says it's rewarding shareholders as its second-quarter profit rose from last year and it successfully closed its HSBC Canada acquisition. The bank said Thursday it will now pay a quarterly dividend of $1.
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One Tech Tip: Want to turn off Meta AI? You can't - but there are some workarounds

One Tech Tip: Want to turn off Meta AI? You can't - but there are some workarounds

SAN FRANCISCO (AP) — If you use Facebook, WhatsApp or Instagram, you've probably noticed a new character pop up answering search queries or eagerly offering tidbits of information in your feeds, with varying degrees of accuracy.
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Supreme Court clears the way for the NRA’s free speech lawsuit against an ex-New York official

Supreme Court clears the way for the NRA’s free speech lawsuit against an ex-New York official

WASHINGTON (AP) — The Supreme Court on Thursday cleared the way for a National Rifle Association lawsuit against a former New York state official over claims she violated its free-speech rights.
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