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Exxon's US$59.5B bet on fossil fuels has implications for Canadian oilpatch: experts

Exxon's US$59.5B bet on fossil fuels has implications for Canadian oilpatch: experts

CALGARY — Exxon Mobil Corp.'s acquisition of Pioneer Natural Resources in a US$59.5 billion mega-deal is being seen by some as a major vote of confidence in fossil fuels that also bodes well for the Canadian oilpatch. The U.S.
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Spin Master bets on nostalgic wooden toys in US$950M deal for Melissa & Doug

Spin Master bets on nostalgic wooden toys in US$950M deal for Melissa & Doug

TORONTO — The company best known for the kids' cartoon "Paw Patrol" is betting its acquisition of a U.S. toymaker specializing in wooden games and toys will broaden its appeal with parents limiting their children's screen time.
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,663.84, up 162.64): Toronto-Dominion Bank. (TSX:TD). Finance. Up 90 cents, or 1.12 per cent, to $81.42 on 12.3 million shares.
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Thief used phoney document in $20M gold heist, lawsuit against Air Canada claims

Thief used phoney document in $20M gold heist, lawsuit against Air Canada claims

TORONTO — On a brisk, drizzly day in April, a thief strolled into Air Canada's glass-walled warehouse at Pearson airport, presented a phoney document and walked out with some $23 million in gold and cash.
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TSX posts Wednesday gain despite lower price of oil, while U.S. markets also rise

TSX posts Wednesday gain despite lower price of oil, while U.S. markets also rise

TORONTO — Strength in the utilities, telecommunications and financial sectors helped lift Canada's main stock index higher Wednesday, while U.S. stock markets also rose despite a stronger-than-expected report on wholesale inflation.
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Stock market today: Wall Street edges higher after the first of 2 big updates on inflation this week

Stock market today: Wall Street edges higher after the first of 2 big updates on inflation this week

NEW YORK (AP) — Stocks edged higher in wobbly trading as yields were mixed in the bond market, which has been Wall Street’s main driver recently. The S&P 500 rose 0.4% Wednesday. The Dow rose 65 points, and the Nasdaq composite added 0.7%.
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Federal Reserve minutes: Officials signal cautious approach to rates amid heightened uncertainty

Federal Reserve minutes: Officials signal cautious approach to rates amid heightened uncertainty

WASHINGTON (AP) — Federal Reserve officials regarded the U.S.
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Worker dead in apparent drowning at Birchcliff Energy site in Alberta

Worker dead in apparent drowning at Birchcliff Energy site in Alberta

CALGARY — Birchcliff Energy Ltd. says a contractor has been killed on the job at one of the company's sites in northern Alberta.
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Birkenstock stumbles on Wall Street as traders find sandal maker's shares too pricey

Birkenstock stumbles on Wall Street as traders find sandal maker's shares too pricey

NEW YORK (AP) — Birkenstock shares are stumbling in their debut on the stock market as Wall Street trades in its wingtips for sandals for a day.
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CRTC sides with Bell in arbitration proceeding with Quebecor over MVNO data rates

CRTC sides with Bell in arbitration proceeding with Quebecor over MVNO data rates

OTTAWA — Canada's telecommunications regulator has sided with BCE Inc. in a final offer arbitration proceeding between that company and Quebecor Inc. over wholesale mobile virtual network operator (MVNO) data rates.
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