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Average rate on a 30-year mortgage in the US rises to highest level since July

Average rate on a 30-year mortgage in the US rises to highest level since July

The average rate on a 30-year mortgage in the U.S. edged closer to 7% this week, climbing to its highest level since July. The rate rose to 6.84% from 6.78% last week, mortgage buyer Freddie Mac said Thursday.
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CRTC opens consultation on whether Big 3 telecoms can sell wholesale fibre internet

CRTC opens consultation on whether Big 3 telecoms can sell wholesale fibre internet

OTTAWA — Canada's telecommunications regulator has launched a consultation to determine whether the country's Big 3 providers should be able access wholesale fibre internet services.
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Economists say temporary tax cut, relief cheques play into rosier growth picture

Economists say temporary tax cut, relief cheques play into rosier growth picture

TORONTO — The federal government's "meaty" move to pause federal sales tax on a long list of items and send cheques to millions of Canadians this spring could factor into an improving outlook for growth in 2025, economists say.
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S&P/TSX composite index gains more than 350 points, U.S. stock markets also rise

S&P/TSX composite index gains more than 350 points, U.S. stock markets also rise

TORONTO — Canada's main stock index gained more than 350 points Thursday in a broad rally led by energy and technology stocks, while U.S. markets also rose, led by a one-per-cent gain on the Dow. The S&P/TSX composite index closed up 354.
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Northvolt says Quebec battery plant will proceed despite bankruptcy filing

Northvolt says Quebec battery plant will proceed despite bankruptcy filing

MONTREAL — Northvolt AB has filed for bankruptcy protection in the United States, but said the move will not jeopardize the manufacturer's planned electric vehicle battery plant in Quebec — though hundreds of millions of taxpayer dollars invested in
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Dynamite, Garage parent company makes debut on Toronto Stock Exchange

Dynamite, Garage parent company makes debut on Toronto Stock Exchange

Womenswear retailer Groupe Dynamite Inc has made its Toronto Stock Exchange debut. The Montreal-based firm behind the Dynamite and Garage stores began trading Thursday under the ticker GRGD.
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Stock market today: Wall Street climbs as bitcoin bursts above $99,000

Stock market today: Wall Street climbs as bitcoin bursts above $99,000

NEW YORK (AP) — U.S. stocks climbed after market superstar Nvidia and another round of companies said they’re making even fatter profits than expected. The S&P 500 pulled 0.
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As N.L. firm pivots, scientists say Canada's green hydrogen dreams are far-fetched

As N.L. firm pivots, scientists say Canada's green hydrogen dreams are far-fetched

ST. JOHN'S, N.L. — A Newfoundland energy company's embrace of data centres is raising doubts about eastern Canadian hopes of harnessing the region's howling winds to supply Germany with power from green hydrogen.
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SEC Chair Gary Gensler, who led US crackdown on cryptocurrencies, to step down

SEC Chair Gary Gensler, who led US crackdown on cryptocurrencies, to step down

Securities and Exchange Commission Chair Gary Gensler, who was aggressive in his oversight of cryptocurrencies and other financial markets, will step down from his post on January 20.
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Cariboo Gold Mine in Wells, B.C., gets approval, but a First Nation is opposed

Cariboo Gold Mine in Wells, B.C., gets approval, but a First Nation is opposed

VICTORIA — An operating permit has been granted for the Cariboo Gold Mine in central British Columbia, a project that's expected to process 1.1 million tonnes of gold-bearing ore a year but is still opposed by a First Nation. The B.C.
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