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RBC executives say bank expects challenging environment but opportunity for growth

RBC executives say bank expects challenging environment but opportunity for growth

TORONTO — Royal Bank of Canada expects to face a challenging environment in the coming year amid uncertainty about where interest rates are headed but believes it's well-prepared to gain market share, RBC officials said Wednesday after the bank annou
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Kid Rock's Detroit eatery closing after his profane comments

Kid Rock's Detroit eatery closing after his profane comments

DETROIT — Kid Rock won't renew his licensing agreement for Kid Rock's Made in Detroit restaurant, the owners of the sports arena in which it's housed said Wednesday.
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Cannabis company Wayland Group Corp. files for creditor protection

TORONTO — Cannabis company Wayland Group Corp. says it has filed for creditor protection to give it more time to raise money and consider restructuring deals.
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Laurentian Bank reports Q4 profit down from year ago, raises dividend

Laurentian Bank reports Q4 profit down from year ago, raises dividend

MONTREAL — Laurentian Bank of Canada raised its dividend as it reported that its fourth-quarter profit fell compared with year ago. The bank increased its quarterly payment to shareholders by a penny to 67 cents per share.
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Toronto home sales up 14.2% in November, prices see highest gains of the year

Toronto home sales in November rose 14.2 per cent from a year ago while home prices saw their strongest growth for the year. The Toronto Real Estate Board says there were 7,090 home sales in the month as sales rose in all major market segments.
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National Bank ups dividend, reports $604M Q4 profit, up from $566M a year ago

National Bank ups dividend, reports $604M Q4 profit, up from $566M a year ago

MONTREAL — National Bank of Canada raised its quarterly dividend as it reported its fourth-quarter profit rose to $604 million compared with $566 million in the same period a year ago.
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Asian stocks follow Wall Street lower on trade worries

Asian stocks follow Wall Street lower on trade worries

BEIJING — Asian stock markets followed Wall Street lower Wednesday after President Donald Trump cast doubt over the potential for a trade deal with China this year.
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Climate change to push food prices higher, report predicts up to 4% hike in 2020

The average Canadian family will pay up to an extra $487 on feeding themselves next year, according to an annual food price report that highlights climate change as a major culprit for rising food prices, especially in the produce department.
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Moody's Investors Service downgrades Alberta credit rating, cites weak economy

Moody's Investors Service downgrades Alberta credit rating, cites weak economy

EDMONTON — The Alberta government's credit rating has been downgraded by an agency that cited the province's reliance on oil revenue and what it calls its high environmental risk.
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Google co-founders step down as execs of parent Alphabet

Google co-founders step down as execs of parent Alphabet

SAN FRANCISCO — The co-founders of Google are stepping down as executives of its parent company, Alphabet, ending a remarkable two decades during which Larry Page and Sergey Brin shaped a startup born in a Silicon Valley garage into one of the larges
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