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S&P/TSX composite down more than 80 points, U.S. markets mixed Thursday
TORONTO — Canada's main stock index was down more than 80 points Thursday, led by losses in energy and metals, while U.S. markets were mixed after key data releases showed the economy continues to slow. The S&P/TSX composite index was down 81.
May 11, 2023 4:35 PM
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Airlines demand 'shared accountability' for flight disruptions
MONTREAL — The National Airlines Council has released a report calling on Ottawa to implement "shared accountability" in aviation, with the goal of smoother travel — and across-the-board responsibility for flight disruptions.
May 11, 2023 4:28 PM
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Scotiabank fined US$22.5M by U.S. agencies for use of messaging apps
TORONTO — Bank of Nova Scotia has been fined US$22.5 million by two U.S. agencies for violations related to employee use of unapproved communication methods including text messages and WhatsApp.
May 11, 2023 4:09 PM
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Stock market today: Stocks dip following inflation data, drops for Disney, banks
NEW YORK (AP) — Wall Street slipped, sending the S&P 500 down 0.2%. Disney was one of the heaviest forces dragging the market lower on Thursday after it lost streaming subscribers during the latest quarter.
May 11, 2023 4:06 PM
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Nutrien may slow potash ramp-up plans as earnings, sales down
CALGARY — The CEO of Canadian fertilizer giant Nutrien Ltd. said Thursday the company may consider slowing down its previously announced plan to ramp up potash production, as falling prices and lower sales volumes take a bite out of profits.
May 11, 2023 3:46 PM
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Ukraine says counteroffensive delayed; Britain sending cruise missiles to Kyiv
KYIV, Ukraine (AP) — President Volodymyr Zelenskyy said in remarks broadcast Thursday that Kyiv is delaying its long-awaited counteroffensive against Russia’s occupying forces because Ukraine lacks enough Western weapons to succeed without suffering
May 11, 2023 3:45 PM
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Canadian Tire profit slips as inflation prompts 'mindful' consumers to cut spending
TORONTO — Canadian consumers are increasingly "mindful" in their shopping, prioritizing essential purchases and reining in spending on more expensive goods as inflation continues to squeeze budgets, the head of Canadian Tire Corp. Ltd. said Thursday.
May 11, 2023 3:27 PM
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Tesla shouldn't call driving system Autopilot because humans are still in control, Buttigieg says
WASHINGTON (AP) — Tesla shouldn’t be calling its partially automated driving system Autopilot because the cars can’t drive themselves, the top U.S. transportation official says.
May 11, 2023 3:22 PM
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China's ban on Canadian beef still in place year-and-a-half later; industry in dark
CALGARY — A Chinese ban on Canadian beef that industry officials expected would be short-lived remains in place 17 months later, and industry representatives say they remain in the dark about the reasons.
May 11, 2023 3:08 PM
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Manitoba government offers money for new WestJet direct flights to Atlanta
WINNIPEG — WestJet is to start new direct flights between Winnipeg and Atlanta in September with a financial backstop from the Manitoba government.
May 11, 2023 2:27 PM
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