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Markets close out week in the red over 'higher for longer' interest rate expectations

Markets close out week in the red over 'higher for longer' interest rate expectations

TORONTO — Canada's main stock index closed out Friday down just a handful of points after falling more than 400 points a day earlier,while U.S. stock markets also moved lower.
Stock market today: Wall Street's worst week in six months closes on another weak note

Stock market today: Wall Street's worst week in six months closes on another weak note

NEW YORK (AP) — Wall Street’s worst week in six months closed on another weak note. The S&P 500 gave up an early gain and ended 0.2% lower Friday. The Dow Jones Industrial Average lost 106 points, and the Nasdaq composite slipped 0.1%.
Smith says despite difficulty with Ottawa, Alberta has allies in Trudeau cabinet

Smith says despite difficulty with Ottawa, Alberta has allies in Trudeau cabinet

BANFF, Alta. — Alberta Premier Danielle Smith told a business conference on Friday that despite her concerns with the federal Liberal government, there are some cabinet ministers she can work with.
Ramp up in U.S. auto strike expected to affect Canadian parts producers

Ramp up in U.S. auto strike expected to affect Canadian parts producers

TORONTO — Autoworkers in the U.S. ramped up their strike Friday in a move that's expected to have knock-on effects for Canadian parts producers.
Canada-India tensions spell trouble for trade growth, investment: business leaders

Canada-India tensions spell trouble for trade growth, investment: business leaders

TORONTO — The escalating tension between Canada and India is jeopardizing delicate trade and investment relationships that the two sides have been working for years to advance, business leaders said.
Statistics Canada reports retail sales up 0.3 per cent at $66.1 billion in July

Statistics Canada reports retail sales up 0.3 per cent at $66.1 billion in July

OTTAWA — Retail sales edged higher in July, driven by sales at supermarkets and grocery stores, but Statistics Canada said Friday its early estimate for August pointed to a decline. The agency said retail sales jumped 0.3 per cent to $66.
Canada's manufacturing sector seeks to reduce 'repetitive labour' through AI

Canada's manufacturing sector seeks to reduce 'repetitive labour' through AI

TORONTO — Artificial intelligence and increased automation can help lessen the load for workers at a time when Canada faces a labour shortage in the construction and manufacturing sector.
West Fraser selling two pulp mills to Atlas Holdings for US$120 million

West Fraser selling two pulp mills to Atlas Holdings for US$120 million

VANCOUVER — West Fraser Timber Co. Ltd. has signed a deal to sell two pulp mills in Western Canada to Atlas Holdings for US$120 million. The sale includes West Fraser's Quesnel River Pulp mill in Quesnel, B.C.
Prime Video to introduce advertisements, increase cost for ad-free streaming

Prime Video to introduce advertisements, increase cost for ad-free streaming

TORONTO — Prime Video will jump on the ad wagon next year, introducing commercial breaks to its platform and hiking fees for those who want to avoid them.
Wildfire-prone California to consider new rules for property insurance pricing

Wildfire-prone California to consider new rules for property insurance pricing

SACRAMENTO, Calif.
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