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Economy, Law & Politics

S&P/TSX composite slides as oil gives up some of its recent gains

S&P/TSX composite slides as oil gives up some of its recent gains

Canada’s energy-heavy main stock index sank further into the red on Tuesday, weighed down by retreating oil prices. The S&P/TSX composite index closed down 30.20 points at 24,072.51.
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Stock market today: Wall Street rebounds after Hong Kong stocks fall to worst day since 2008

Stock market today: Wall Street rebounds after Hong Kong stocks fall to worst day since 2008

NEW YORK (AP) — U.S. stocks rebounded as falling oil prices release some of the pressure that built up on the market. The S&P 500 rose 1% Tuesday and clawed back its loss from the day before. The Dow Jones Industrial Average added 0.
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B.C. voters want health-care overhaul but are wary of privatization, survey reveals

B.C. voters want health-care overhaul but are wary of privatization, survey reveals

Housing and poverty still top concerns, but voters remain split on health-care reform and private care expansion
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Inflation, interest rates eroded Canadians' purchasing power since 2022: PBO report

Inflation, interest rates eroded Canadians' purchasing power since 2022: PBO report

OTTAWA — Inflation and higher interest rates have eroded Canadians' purchasing power since 2022, particularly for lower-income households, a new report from the parliamentary budget officer has found.
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Statistics Canada reports $1.1B merchandise trade deficit for August

Statistics Canada reports $1.1B merchandise trade deficit for August

OTTAWA — Statistics Canada says the country posted a merchandise trade deficit of $1.1 billion in August as lower oil prices weighed on exports. The agency said Tuesday the result compared with a revised deficit of $287 million in July.
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Day trader in Sooke files lawsuit against advisers, claims $415M loss

Day trader in Sooke files lawsuit against advisers, claims $415M loss

The carpenter, whose investments evaporated when Tesla stock took a dive, is blaming his financial advisers, saying they gave him bad advice
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Canadian Chamber of Commerce sends stark warning about U.S. trade relationship

Canadian Chamber of Commerce sends stark warning about U.S. trade relationship

WASHINGTON — A new report from the Canadian Chamber of Commerce is sending a stark warning ahead of the U.S. presidential election, saying protectionist policies like Donald Trump's proposed tariffs could damage economies on both sides of the border.
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AI impacting Canadian hiring decisions: Robert Half study

AI impacting Canadian hiring decisions: Robert Half study

Salary is the top consideration for many professional workers, although flexible work schedules are a perk that could lure recruits.
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American Aboriginal rights in B.C. becomes election issue

American Aboriginal rights in B.C. becomes election issue

David Eby says B.C. First Nations must have priority in consultations with First Nations
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Mergers and acquisitions to pick up in 2025 as conditions ease: KPMG

Mergers and acquisitions to pick up in 2025 as conditions ease: KPMG

TORONTO — KPMG says nine in 10 Canadian CEOs are considering making an acquisition within the next three years to help boost their company's growth.
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