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TSX gains two per cent, led by energy, while U.S. markets also gain after rate hold

TSX gains two per cent, led by energy, while U.S. markets also gain after rate hold

TORONTO — Strength in energy, utilities and base metals helped lead Canada's main stock index up almost two per cent on Wednesday, while U.S. markets also jumped after the U.S. Federal Reserve announced it is keeping its overnight rate unchanged.
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Stock market today: Dow hits a record high and Treasury yields drop after the Fed signals rate cuts

Stock market today: Dow hits a record high and Treasury yields drop after the Fed signals rate cuts

NEW YORK (AP) — A powerful rally across Wall Street sent the Dow Jones Industrial Average to a record on Wednesday after the Federal Reserve indicated that the cuts to interest rates investors crave so much may be coming next year.
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Transport Canada says Tesla recall will affect roughly 193,000 cars in Canada

Transport Canada says Tesla recall will affect roughly 193,000 cars in Canada

OTTAWA — Tesla's recall over its autopilot function will affect about 193,000 vehicles in Canada. Transport Canada says Tesla will provide an over-the-air software update to fix the advanced driver assistance features.
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Retailers facing pricing pressure may have to pass increases to shoppers: Dollarama

Retailers facing pricing pressure may have to pass increases to shoppers: Dollarama

If domestic manufacturers and suppliers keep pushing their prices up on food and several household goods, Dollarama Inc.'s chief executive says retailers will have no choice but to pass the increases on to customers.
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Tesla recalls nearly all vehicles sold in US to fix system that monitors drivers using Autopilot

Tesla recalls nearly all vehicles sold in US to fix system that monitors drivers using Autopilot

DETROIT (AP) — Tesla is recalling nearly all vehicles sold in the U.S., more than 2 million, to update software and fix a defective system that’s supposed to ensure drivers are paying attention when using Autopilot . Documents posted Wednesday by U.
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PwC pays $1.45 million in fines to CPA Ontario for breaching code of conduct

PwC pays $1.45 million in fines to CPA Ontario for breaching code of conduct

TORONTO — CPA Ontario says accounting firm PwC has paid $1.45 million in fines and costs after 445 staff shared answers during mandatory internal training assessments between 2016 and 2020.
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The Supreme Court will rule on limits on a commonly used abortion medication

The Supreme Court will rule on limits on a commonly used abortion medication

WASHINGTON (AP) — The Supreme Court agreed on Wednesday to take up a dispute over a medication used in the most common method of abortion in the United States, its first abortion case since it overturned Roe v. Wade last year.
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H&R REIT selling downtown Toronto waterfront property for $232.5 million

H&R REIT selling downtown Toronto waterfront property for $232.5 million

TORONTO — H&R Real Estate Investment Trust has signed a deal to sell a downtown Toronto property to George Brown College and Halmont Properties Corp. for $232.5 million. The property at 25 Dockside Dr.
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Don't get lost in the 'distant sci-fi': Cohere prefers to focus on AI's simpler side

Don't get lost in the 'distant sci-fi': Cohere prefers to focus on AI's simpler side

TORONTO — In a world where artificial intelligence has helped professional soccer teams develop game strategies, created a fake viral tune reminiscent of Drake and The Weeknd and played brewmaster, Nick Frosst loves the simpler uses of the technology
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Wholesale inflation in US slowed further last month, signaling that price pressures continue to ease

Wholesale inflation in US slowed further last month, signaling that price pressures continue to ease

Wholesale inflation in the United States was unchanged in November, suggesting that price increases in the economy's pipeline are continuing to gradually ease.
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