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Rogers-Shaw hearing at Competition Tribunal wraps, no decision date set
OTTAWA — The Competition Tribunal has committed to reaching a decision as soon as possible on Rogers Communications Inc.'s proposed takeover of Shaw Communications Inc., but did not set a specific date as the hearings wrapped Wednesday.
Dec 14, 2022 7:16 PM
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Fed raises key rate by half-point and signals more to come
WASHINGTON (AP) — The Federal Reserve reinforced its inflation fight Wednesday by raising its key interest rate for the seventh time this year and signaling more hikes to come.
Dec 14, 2022 6:08 PM
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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 (19,891.65, down 131.81): Suncor Energy Inc. (TSX:SU). Energy. Up two cents, or 0.05 per cent, to $42.18 on 15.7 million shares.
Dec 14, 2022 5:42 PM
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Ottawa council hoping transit fare freeze will help ridership bounce back
Ottawa city council has voted to freeze transit fares for the upcoming year in an effort to restore the public's trust after the light rail transit system debacle, and to encourage more people to use public transit as they return to in-person work.
Dec 14, 2022 5:33 PM
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S&P/TSX composite and U.S. markets reverse morning gains, close down
TORONTO — Canada's main stock index saw a loss of more than half a per cent Wednesday, reversing slight mid-morning gains, while U.S. markets were also down at the close after beginning the day on a more optimistic streak.
Dec 14, 2022 4:48 PM
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N7 Energy pleads guilty to disturbing creek bed without prior approval
CALGARY — The Alberta Energy Regulator says N7 Energy Ltd. has pled guilty to violating the province's Water Act. The regulator says it laid the charge against the Calgary-based oil and gas company in August 2022.
Dec 14, 2022 4:35 PM
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OSC says no reasonable prospect of conviction in CannTrust case
TORONTO — The Ontario Securities Commission says it no longer has a reasonable prospect of convicting three former cannabis company leaders linked to securities offences at CannTrust Holdings Inc.
Dec 14, 2022 4:29 PM
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Nova Scotia government announces $115 million in inflation-relief measures
HALIFAX — Nova Scotia’s premier announced a new $115.4-million funding package Wednesday aimed at helping low- and middle-income earners with inflation.
Dec 14, 2022 1:49 PM
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National average rent rose to a record $2,024 in November: Rentals.ca
MONTREAL — The average monthly cost to rent a home in Canada rose to a record $2,024 in November, new data shows, and experts say this trend is showing no signs of stopping.
Dec 14, 2022 12:55 PM
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HSBC updates climate policy to stop funding new oil and gas
LONDON — HSBC, Europe’s biggest bank, announced Wednesday it will no longer finance new oil and gas fields as part of its updated climate strategy.
Dec 14, 2022 12:04 PM
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