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Home sales, prices will likely fall in short term but pick up next spring: TD report

Home sales, prices will likely fall in short term but pick up next spring: TD report

TORONTO — A new report by TD Economics predicts Canadian home sales and average prices will fall over the coming months but pick up by the second quarter next year.
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Europe's central bank halts rate hikes as war in the Middle East casts a shadow over the economy

Europe's central bank halts rate hikes as war in the Middle East casts a shadow over the economy

FRANKFURT, Germany (AP) — The European Central Bank left interest rates unchanged Thursday for the first time in over a year as the Israel-Hamas war spreads even more gloom over already downbeat prospects for Europe’s economy.
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Financial advice from AI may be educational but not holistic, experts say

Financial advice from AI may be educational but not holistic, experts say

TORONTO — As an experiment, Kelley Keehn asked ChatGPT to suggest a financial plan for a small Canadian family.
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Competition Bureau and Global Fuels agree to address Greenergy deal concerns

Competition Bureau and Global Fuels agree to address Greenergy deal concerns

OTTAWA — The Competition Bureau says it has reached a deal with Global Fuels Inc. to address concerns over the company's deal to buy Greenergy's Canadian retail fuel business.
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Weekly applications for US jobless benefits tick up slightly

Weekly applications for US jobless benefits tick up slightly

NEW YORK (AP) — The number of Americans applying for jobless benefits rose last week but remains historically low as the labor market continues to show strength amid high interest rates and inflation.
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CPKC foresees tougher year due to 'economic headwinds,' port workers strike

CPKC foresees tougher year due to 'economic headwinds,' port workers strike

Canadian Pacific Kansas City Ltd. has lowered its financial forecast for the year, citing the cost of weaker consumer demand and the B.C. port workers strike.
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West Fraser Timber third-quarter earnings, sales lower compared with last year

West Fraser Timber third-quarter earnings, sales lower compared with last year

VANCOUVER — West Fraser Timber Co. Ltd. says it earned US$159 million in the third quarter, compared with US$216 million a year earlier. The Vancouver-based company says sales were US$1.7 billion, down from US$2.
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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 (18,947.85, down 38.64 points): Enbridge Inc. (TSX:ENB). Energy. Up 39 cents, or 0.88 per cent, to $44.53 on 10.5 million shares.
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TSX posts small loss while U.S. markets tumble on earnings, bond yields

TSX posts small loss while U.S. markets tumble on earnings, bond yields

TORONTO — Canada's main stock index stepped lower Wednesday despite strength in energy stocks and battery metals, while U.S. markets fell amid mixed earnings reports from big companies and rising bond yields.
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Stock market today: Wall Street tumbles back to where it was in May

Stock market today: Wall Street tumbles back to where it was in May

NEW YORK (AP) — Wall Street sank back to where it was in May, pulled down by steep drops in several Big Tech companies. The S&P 500 fell 1.
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