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Shares in Birchcliff Energy down more than 9% after cutting dividend in half

Shares in Birchcliff Energy down more than 9% after cutting dividend in half

CALGARY — Shares of Birchcliff Energy Ltd. fell more than nine per cent in trading on Thursday after the company cut its quarterly dividend in half and lowered its expectations for capital spending and production for the year.
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S&P/TSX composite posts small gain while U.S. stock markets rise, led by Nasdaq

S&P/TSX composite posts small gain while U.S. stock markets rise, led by Nasdaq

TORONTO — Strength in industrial stocks helped Canada's main stock index post a small gain Thursday, while U.S. markets rose, more than reclaiming Wednesday's losses. The S&P/TSX composite index closed up 61.71 points at 20,756.73.
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Stock market today: Wall Street rises to erase most of its loss for the week so far

Stock market today: Wall Street rises to erase most of its loss for the week so far

NEW YORK (AP) — Wall Street bounced back to recoup almost all the losses it suffered earlier in the week. The S&P 500 rose 0.9% following back-to-back drops that kicked off this holiday-shortened week. The Dow gained 0.
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TD expects $141 million from Schwab holdings as U.S. banks report earnings

TD expects $141 million from Schwab holdings as U.S. banks report earnings

TORONTO — TD Bank Group says it expects to earn about $141 million in equity net income in its first quarter of 2024 from its holdings in Charles Schwab as U.S. banks report earnings.
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AI is the buzz, the big opportunity and the risk to watch among the Davos glitterati

AI is the buzz, the big opportunity and the risk to watch among the Davos glitterati

DAVOS, Switzerland (AP) — Artificial intelligence is easily the biggest buzzword for world leaders and corporate bosses diving into big ideas at the World Economic Forum’s glitzy annual meeting in Davos.
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Extreme cold weather causing oil spills in North Dakota; 60 reports over past week

Extreme cold weather causing oil spills in North Dakota; 60 reports over past week

BISMARCK, N.D. (AP) — Bitter cold weather is causing a rash of spills in the oil fields of North Dakota as well as a slowdown in production, regulators say.
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Biden says US strikes against Houthi rebels will continue as bombardment has yet to deter militants

Biden says US strikes against Houthi rebels will continue as bombardment has yet to deter militants

WASHINGTON (AP) — President Joe Biden said Thursday that U.S.
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Deadline to get partial CEBA forgiveness arrives as business groups warn of closures

Deadline to get partial CEBA forgiveness arrives as business groups warn of closures

The deadline for Canadian businesses to qualify for partial forgiveness of pandemic-era loans has arrived, as business groups warn struggling firms need more time to repay their debt.
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Flight delayed? Baggage lost? Here's how to apply for compensation

Flight delayed? Baggage lost? Here's how to apply for compensation

Chad Rose was slated to take an afternoon flight from London, Ont., to Ottawa when WestJet cancelled his trip the day of. The airline put him in a taxi to Toronto's Pearson airport during rush hour for an evening departure instead.
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Loblaw discount reduction not evidence of grocery collusion: competition expert

Loblaw discount reduction not evidence of grocery collusion: competition expert

Loblaw’s recent move to reduce discounts on last-day sale items is a normal practice in the industry, not a sign of collusion, according to an expert in Canadian competition.
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