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Stocks open lower on Wall Street ahead of Christmas holiday

Stocks open lower on Wall Street ahead of Christmas holiday

NEW YORK (AP) — Stocks are off to a weak start on Wall Street following some mixed news on the economy. The S&P 500 was down 0.5% Friday.
After a strong year for the economy, 2023 will be shaped by high interest rates

After a strong year for the economy, 2023 will be shaped by high interest rates

OTTAWA — The Canadian economy started off the year with a remarkable recovery from the COVID-19 pandemic, but heading in 2023, high interest rates are expected to take a significant toll.
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 Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,349.66, down 221.44): TC Energy Corp. (TSX:TRP). Energy. Down 88 cents, or 1.60 per cent, to $54.09 on 14.3 million shares.
P.E.I. budget update: Government revenue up by $240 million, deficit up by $2 million

P.E.I. budget update: Government revenue up by $240 million, deficit up by $2 million

CHARLOTTETOWN — Prince Edward Island's government says its revenues will rise by $238.6 million this fiscal year partly because it is collecting more in taxes than originally estimated.
S&P/TSX composite down more than 200 points, U.S. markets also reverse gains

S&P/TSX composite down more than 200 points, U.S. markets also reverse gains

TORONTO — Canada's main stock index closed down more than 200 points Thursday, pulled down by broad-based losses, while U.S. markets also reversed much of the gains made Wednesday, with the Nasdaq tumbling more than two per cent.
US stocks slide as economic data stokes rate hike worries

US stocks slide as economic data stokes rate hike worries

NEW YORK (AP) — Stocks closed lower on Wall Street as stronger-than-expected reports on the economy caused worries to flare about interest rates staying high. The S&P 500 closed 1.4% lower after being down as much as 2.9% earlier.
FTX founder Bankman-Fried allowed $250M bond, house arrest

FTX founder Bankman-Fried allowed $250M bond, house arrest

NEW YORK (AP) — Cryptocurrency entrepreneur Sam Bankman-Fried walked out of a Manhattan courthouse Thursday with his parents after they agreed to sign a $250 million bond and keep him at their California home while he awaits trial on charges that he
Senate passes $1.7 trillion bill to fund gov't, aid Ukraine

Senate passes $1.7 trillion bill to fund gov't, aid Ukraine

WASHINGTON (AP) — The Senate passed a massive $1.
Boxing Day sales start early to woo customers after lacklustre Black Friday

Boxing Day sales start early to woo customers after lacklustre Black Friday

Stores in Canada are gearing up for Boxing Day sales, with some rolling out deals early in the hopes of enticing budget-conscious shoppers.
Statistics Canada says job vacancies down in October, lowest level since August 2021

Statistics Canada says job vacancies down in October, lowest level since August 2021

OTTAWA — Statistics Canada says the number job vacancies fell by 4.8 per cent in October to their lowest level since August 2021. The agency says the number of job vacancies fell by 44,300 to 871,300 in October.