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Manulife, Loblaw need to 'get the message' on competition following deal: minister

Manulife, Loblaw need to 'get the message' on competition following deal: minister

The federal minister in charge of promoting competition says he's concerned about a deal between Manulife Financial Corp. and Loblaw Cos. Ltd.
Stock market today: Slumping tech stocks and dashed hopes of quick rate cuts push Wall Street lower

Stock market today: Slumping tech stocks and dashed hopes of quick rate cuts push Wall Street lower

NEW YORK (AP) — Wall Street fell to its worst loss in since September after Big Tech stocks got burned by the downside of high expectations and the Federal Reserve indicated cuts to interest rates likely aren’t imminent. The S&P 500 lost 1.
US pins blame for deadly drone strike on Iran-backed militias in the Islamic Resistance in Iraq

US pins blame for deadly drone strike on Iran-backed militias in the Islamic Resistance in Iraq

WASHINGTON (AP) — The United States on Wednesday attributed the drone attack that killed three U.S.
'Muscling': Alberta government won't stock B.C. wines that sell direct to consumers

'Muscling': Alberta government won't stock B.C. wines that sell direct to consumers

EDMONTON — An interprovincial wine war is fermenting after Alberta's liquor wholesaler told vintners in British Columbia that it won't stock their products in retail stores unless they stop shipping it directly to consumers.
Henniges Automotive closing plant in Burlington, Ont., by end of the year

Henniges Automotive closing plant in Burlington, Ont., by end of the year

TORONTO — Henniges Automotive Holdings Inc. says it will close its Burlington, Ont., plant which makes vehicle sealing systems by the end of the year.
Deloitte Canada launches advisory practice focused on Indigenous communities

Deloitte Canada launches advisory practice focused on Indigenous communities

TORONTO — Deloitte Canada says it has launched a dedicated practice focused on helping build capacity and opportunity for Indigenous peoples and nations.
Browning West will offer board nominees at Gildan AGM instead of special meeting

Browning West will offer board nominees at Gildan AGM instead of special meeting

MONTREAL — A U.S. investor looking to replace a majority of the board of directors at Gildan Activewear Inc. says it will offer its slate of candidates for election at the company's annual meeting instead of a separate shareholder gathering.
Economic bounceback at the end of 2023 could push back rate cuts, economists say

Economic bounceback at the end of 2023 could push back rate cuts, economists say

OTTAWA — Canada's economy appears to have ended 2023 on a stronger note than expected, which economists say could push back the timeline for interest rate cuts this year. Statistics Canada reported Wednesday the economy grew 0.
Rent prices rose in 2023 as Canada saw lowest vacancy rate since 1988: CMHC

Rent prices rose in 2023 as Canada saw lowest vacancy rate since 1988: CMHC

Rent prices in Canada soared last year as supply struggled to keep up with demand, leading to the lowest national vacancy rate on record since the Canada Mortgage and Housing Corp. began tracking that data in 1988.
Desjardins to cut 30% of service centres, ATMs in next three years

Desjardins to cut 30% of service centres, ATMs in next three years

MONTREAL — The Desjardins Group says it will cut its service centres and ATMs by 30 per cent before 2027.