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Brookfield Reinsurance signs deal for American Equity Investment Life Holding Co.

Brookfield Reinsurance signs deal for American Equity Investment Life Holding Co.

TORONTO — Brookfield Reinsurance has signed a deal to buy the part of American Equity Investment Life Holding Co. (AEL) that it does not already own in a cash-and-stock transaction that values the company at about US$4.3 billion.
Iran tried to seize 2 oil tankers near Strait of Hormuz and fired shots at one of them, US Navy says

Iran tried to seize 2 oil tankers near Strait of Hormuz and fired shots at one of them, US Navy says

DUBAI, United Arab Emirates (AP) — Iran tried to seize two oil tankers near the strategic Strait of Hormuz early Wednesday, firing shots at one of them, the U.S. Navy said. It said that in both cases, the Iranian naval vessels backed off after the U.
Clothing retailer Kit and Ace bought by company co-owned by Joe Mimran

Clothing retailer Kit and Ace bought by company co-owned by Joe Mimran

VANCOUVER — Kit and Ace Technical Apparel Inc. has been bought by a company co-owned by Canadian fashion designer and entrepreneur Joe Mimran. The price paid for the clothing retailer by Unity Brands Inc.
Signs of wage growth cooling encouraging amid inflation fight: economists

Signs of wage growth cooling encouraging amid inflation fight: economists

TORONTO — Early signs of wage growth slowing are an indicator the Bank of Canada’s fight against inflation is slowly gaining ground, economists said, but it’s too soon to tell whether Canadians will regain the purchasing power they lost amid sustaine
Canadians eligible for GST credit expected to receive 'grocery rebate' today

Canadians eligible for GST credit expected to receive 'grocery rebate' today

OTTAWA — Canadians eligible for the GST credit are expected to receive a special payment today to help with the rising cost of groceries.
Nearly 2,000 Air Canada flights delayed, cancelled over long weekend

Nearly 2,000 Air Canada flights delayed, cancelled over long weekend

MONTREAL — Air Canada delayed or cancelled nearly 2,000 flights over the Canada Day long weekend in a potential taste of more trouble ahead for passengers.
Competition Bureau movie ticket price-dripping case should be dismissed: Cineplex

Competition Bureau movie ticket price-dripping case should be dismissed: Cineplex

TORONTO — Cineplex Inc. says a case launched by the Competition Bureau against the theatre chain over movie ticket fees should be dismissed because it's based on a "mischaracterization.
Ottawa urged to look into best before date system in bid to reduce grocery waste

Ottawa urged to look into best before date system in bid to reduce grocery waste

"A lot of people think that best before dates are expiry dates, when there are actually very few products in Canada that have a proper expiry date."
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 Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,204.87, up 49.58): Toronto-Dominion Bank. (TSX:TD). Finance. Up $1.23, or 1.50 per cent, to $83.34 on 8.3 million shares.
Energy stocks help lift S&P/TSX composite Tuesday as oil tops US$70 a barrel

Energy stocks help lift S&P/TSX composite Tuesday as oil tops US$70 a barrel

TORONTO — Gains in energy and battery metals helped lift Canada's main stock index higher Tuesday as the price of oil also rose above US$70 a barrel. The S&P/TSX composite index was up 49.58 points at 20,204.87, while U.S.