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S&P/TSX composite and U.S. markets reverse morning gains, close down

S&P/TSX composite and U.S. markets reverse morning gains, close down

TORONTO — Canada's main stock index saw a loss of more than half a per cent Wednesday, reversing slight mid-morning gains, while U.S. markets were also down at the close after beginning the day on a more optimistic streak.
N7 Energy pleads guilty to disturbing creek bed without prior approval

N7 Energy pleads guilty to disturbing creek bed without prior approval

CALGARY — The Alberta Energy Regulator says N7 Energy Ltd. has pled guilty to violating the province's Water Act. The regulator says it laid the charge against the Calgary-based oil and gas company in August 2022.
OSC says no reasonable prospect of conviction in CannTrust case

OSC says no reasonable prospect of conviction in CannTrust case

TORONTO — The Ontario Securities Commission says it no longer has a reasonable prospect of convicting three former cannabis company leaders linked to securities offences at CannTrust Holdings Inc.
Nova Scotia government announces $115 million in inflation-relief measures

Nova Scotia government announces $115 million in inflation-relief measures

HALIFAX — Nova Scotia’s premier announced a new $115.4-million funding package Wednesday aimed at helping low- and middle-income earners with inflation.
National average rent rose to a record $2,024 in November: Rentals.ca

National average rent rose to a record $2,024 in November: Rentals.ca

MONTREAL — The average monthly cost to rent a home in Canada rose to a record $2,024 in November, new data shows, and experts say this trend is showing no signs of stopping.
HSBC updates climate policy to stop funding new oil and gas

HSBC updates climate policy to stop funding new oil and gas

LONDON — HSBC, Europe’s biggest bank, announced Wednesday it will no longer finance new oil and gas fields as part of its updated climate strategy.
Statistics Canada says manufacturing sales up 2.8 per cent at $72.6B in October

Statistics Canada says manufacturing sales up 2.8 per cent at $72.6B in October

OTTAWA — Statistics Canada says manufacturing sales rose 2.8 per cent to $72.6 billion in October as higher prices helped boost petroleum and coal industry sales. The agency says sales were up in 12 of the 21 industries it tracks, led by a 12.
New poll finds Canadians not using all vacation, working extra hours before holidays

New poll finds Canadians not using all vacation, working extra hours before holidays

TORONTO — A new survey suggests many Canadians don't plan on using all their vacation before the end of the year.
Asian shares track Wall St gains on cooler inflation data

Asian shares track Wall St gains on cooler inflation data

BANGKOK (AP) — Stocks rose Wednesday in Asia after a rally on Wall Street spurred by news that inflation in the U.S. cooled more than expected last month. The 7.
FTX founder charged in scheme to defraud crypto investors

FTX founder charged in scheme to defraud crypto investors

NEW YORK (AP) — The U.S.