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S&P/TSX, U.S. markets rise as August ends ahead of anticipated September rate cuts

S&P/TSX, U.S. markets rise as August ends ahead of anticipated September rate cuts

TORONTO — Canada's main stock index rose on Friday, as strength in financial and technology stocks helped outweigh weakness in energy, while U.S. markets rose to a solid finish after a day of mixed trading.
U.S. escalates efforts to halt Ottawa's digital services tax

U.S. escalates efforts to halt Ottawa's digital services tax

WASHINGTON — The federal government says it's in close contact with its American partners as the Biden administration escalates efforts to halt Canada’s tax on large foreign digital services companies.
Stock market today: Wall Street climbs as S&P 500 closes out fourth-straight winning month

Stock market today: Wall Street climbs as S&P 500 closes out fourth-straight winning month

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Stocks on Wall Street bounced back from a midafternoon fade Friday, leaving the market on pace to close out its fourth-straight winning month with more gains. The S&P 500 was up 0.
Ottawa, Quebec tout 'new business model' to fast-track affordable housing

Ottawa, Quebec tout 'new business model' to fast-track affordable housing

MONTREAL — The governments of Canada, Quebec and the City of Montreal are crediting a new fast-track housing program for plans to build 1,001 affordable homes in Montreal and Rimouski, Que.
Teamsters launch court appeal of Ottawa’s move to end rail shutdown

Teamsters launch court appeal of Ottawa’s move to end rail shutdown

The president of the union representing thousands of railroaders says the government's actions set a "dangerous precedent" that threatens workers' constitutional right to collective bargaining.
BoC expected to cut key interest rate, despite stronger-than-anticipated growth in Q2

BoC expected to cut key interest rate, despite stronger-than-anticipated growth in Q2

OTTAWA — Economists say the Bank of Canada is still on track to cut interest rates next week, despite economic growth coming in stronger than expected in the second quarter.
Hotel workers in 3 Quebec cities, including Montreal, hold another 24-hour walkout

Hotel workers in 3 Quebec cities, including Montreal, hold another 24-hour walkout

MONTREAL — About 2,500 workers at 22 hotels in some of Quebec’s biggest cities have launched a one-day strike to protest an impasse in contract talks. The walkout at hotels in Montreal, Quebec City and Sherbrooke is the second time since Aug.
More than 4,000 Ontario corner stores approved to sell alcohol next week

More than 4,000 Ontario corner stores approved to sell alcohol next week

TORONTO — More than 4,000 convenience stores across Ontario have been licensed to sell alcohol as new liberalized rules are set to take effect next week.
Cannabis retailer Tokyo Smoke to close 29 stores amid creditor protection proceedings

Cannabis retailer Tokyo Smoke to close 29 stores amid creditor protection proceedings

TORONTO — Cannabis retailer Tokyo Smoke says it will be shuttering 29 of its stores as it seeks creditor protection. The closures are part of a restructuring the brand is carrying out under the Companies' Creditors Arrangement Act.
Cost of new Vancouver Art Gallery spikes from $400M to $600M, forcing redesign

Cost of new Vancouver Art Gallery spikes from $400M to $600M, forcing redesign

VANCOUVER — The Vancouver Art Gallery says the construction cost of its planned new home has jumped from an original estimate of $400 million to $600 million, forcing a redesign.
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