March 29th, 2024

Business

Financial mythbusting 101: Don’t get stuck on financial advice that doesn’t ring true

By Ritika Dubey, The Canadian Press on March 26th, 2024

TORONTO – Finance tips and advice that worked decades ago aren’t always relevant in today’s day and age. Still, well-meaning friends and family often recycle the same information for younger generations – only for them to find out the hard way the advice might be inaccurate. Financial experts say they encounter myths every day in ... Read More »

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Stock market today: Wall Street opens higher, edging back toward records

By Yuri Kageyama And Matt Ott, The Associated Press on March 26th, 2024

NEW YORK (AP) – Stocks are opening higher on Wall Street. The S&P 500 rose 0.3% early Tuesday, coming off a listless performance where it edged a bit further from its all-time high set last week. The Dow Jones Industrial Average edged up 48 points, and the Nasdaq composite was up 0.5%. Krispy Kreme soared ... Read More »

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Trump’s social media company soars 40% in its first day of trading on Nasdaq

By The Associated Press on March 26th, 2024

NEW YORK (AP) – Shares of Donald Trump’s social media company jumped 40% in the first day of trading on the Nasdaq, boosting the value of the former president’s large stake in the company in the process. Trump Media & Technology Group runs the social media platform Truth Social. Before trading began, Trump Media had ... Read More »

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Parkland puts 157 convenience store and fuel station locations up for sale

By The Canadian Press on March 26th, 2024

CALGARY – Parkland Corp. is looking to sell 157 convenience store and fuel station locations across six provinces. The company says the assets up for sale include locations under the Chevron, Ultramar, Pioneer and FasGas brands as well as the On the Run convenience store banner. The bulk of the stations are in Quebec and ... Read More »

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Need to improve Canadian productivity has reached emergency level, BoC official says

By The Canadian Press on March 26th, 2024

HALIFAX – A senior Bank of Canada official says the need to improve productivity has reached an emergency level as the economy faces a future where inflation may be more of a threat than in the past few decades. In a speech, senior deputy governor Carolyn Rogers says an economy with low productivity can only ... Read More »

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UK court says Assange can’t be extradited on espionage charges until US rules out death penalty

By Sylvia Hui And Jill Lawless, The Associated Press on March 26th, 2024

LONDON (AP) – A British court ruled Tuesday that Julian Assange can’t be extradited to the United States on espionage charges unless U.S. authorities guarantee he won’t get the death penalty, giving the WikiLeaks founder a partial victory in his long legal battle over the site’s publication of classified American documents. Two High Court judges ... Read More »

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Smith Financial looks to merge portfolio companies Fairstone Bank and Home Trust

By The Canadian Press on March 26th, 2024

TORONTO – Smith Financial Corp. is merging a pair of its portfolio companies, Fairstone Bank of Canada and Home Trust Co., in a move they say will create the leading alternative lender in Canada. Smith financial founder and CEO Stephen Smith says the combination is characterized by a strong cultural fit and complementary strengths. Fairstone ... Read More »

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UK court orders to delay extradition of WikiLeaks founder Julian Assange to US on espionage charges

By Brian Melley And Jill Lawless, The Associated Press on March 26th, 2024

LONDON (AP) – A British court ruled Tuesday that Julian Assange can’t immediately be extradited to the United States on espionage charges, in a partial victory for the WikiLeaks founder. Two High Court judges said they would grant Assange a new appeal unless U.S. authorities give further assurances about what will happen to him. The ... Read More »

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UK court orders delay to extradition of WikiLeaks founder Julian Assange to US on espionage charges

By The Associated Press on March 26th, 2024

LONDON (AP) – A British court says Julian Assange can’t immediately be extradited to the United States on espionage charges, in a partial victory for the WikiLeaks founder. Two High Court judges said they would grant Assange a new appeal unless U.S. authorities give further assurances about what will happen to him. The ruling means ... Read More »

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China to challenge Biden’s electric vehicle plans at the WTO

By The Associated Press on March 26th, 2024

BEIJING (AP) – China said Tuesday that it has filed a complaint at the World Trade Organization over US subsidies for electric vehicles. The Chinese Commerce Ministry said Tuesday it has resorted to the WTO dispute settlement process to protest American requirements that vehicles use parts from specific regions to qualify for subsidies. A statement ... Read More »

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