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S&P/TSX composite down more than 80 points, U.S. markets mixed Thursday

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.
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Scotiabank fined US$22.5M by U.S. agencies for use of messaging apps

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.
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Canadian Tire profit slips as inflation prompts 'mindful' consumers to cut spending

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.
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RioCan REIT saw strong Q1 retail occupancy levels, rent rates ticking up

RioCan REIT saw strong Q1 retail occupancy levels, rent rates ticking up

TORONTO — The chief executive of one of the country's most prominent commercial landlords says retail occupancy levels and rent rates are ticking up even as many storefronts across Canada sit empty.
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Schwartz officially steps down as Onex CEO as share plan approved

Schwartz officially steps down as Onex CEO as share plan approved

TORONTO — Shareholders of Onex Corp. have approved a change to its multiple-voting shares that will allow Gerry Schwartz to retain voting control of the company for another three years even as he officially steps down as chief executive.
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Toronto FC captain Michael Bradley to undergo hamstring procedure in England

Toronto FC captain Michael Bradley to undergo hamstring procedure in England

Toronto FC's injured list continues to grow in size and severity. "The longest I've ever had, by far," veteran coach Bob Bradley said after training Thursday.
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Ticats name veteran CFL coaches Reinebold, Milanovich to coaching staff

Ticats name veteran CFL coaches Reinebold, Milanovich to coaching staff

HAMILTON — Jeff Reinebold is back with the Hamilton Tiger-Cats. The veteran CFL coach was named Hamilton's special-teams co-ordinator and assistant defensive backs coach Thursday.
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CI Financial shares soar after deal to sell stake in U.S. wealth management business

TORONTO — Shares in CI Financial Corp. soared after it announced a deal to sell a 20 per cent stake in its U.S. wealth management business to a group of institutional investors for about $1.34 billion. Shares in the company were up $5.
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Brookfield reports US$424-million first-quarter net income

Brookfield reports US$424-million first-quarter net income

TORONTO — Brookfield Corp. reported first-quarter net income of US$424 million, down from US$2.96 billion in the same quarter last year. The company, which keeps its books in U.S.
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Algonquin Power and Utilities launches strategic review of renewable energy group

Algonquin Power and Utilities launches strategic review of renewable energy group

OAKVILLE, Ont. — Algonquin Power and Utilities Corp. says it has launched a strategic review of its renewable energy group. The company, which terminated its deal to buy Kentucky Power Company and AEP Kentucky Transmission Co. Inc.
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