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EQ Bank closes $495 million takeover of Concentra Bank

EQ Bank closes $495 million takeover of Concentra Bank

TORONTO — EQ Bank owner Equitable Group Inc. said Tuesday it has closed its takeover of Concentra Bank in a deal valued at $495 million. The takeover of Concentra boosts Equitable's assets under management base by $13.
Stocks end lower as hot jobs data signals aggressive Fed

Stocks end lower as hot jobs data signals aggressive Fed

NEW YORK — Stocks gave up early gains and ended lower on Wall Street after an unexpectedly strong report on the job market raised concerns that the Federal Reserve will need to keep the pressure on inflation with aggressive interest rate increases.
Union expresses concern over Sunwing's proposed hiring of temporary foreign pilots

Union expresses concern over Sunwing's proposed hiring of temporary foreign pilots

MONTREAL — A labour union is raising concerns about Sunwing's proposal to hire temporary foreign workers to address Canada's pilot shortage in preparation for the winter travel surge, arguing the airline hasn't done enough to attract local employees
Molson Coors grappling with inflation as it reports Q3 profit down from year ago

Molson Coors grappling with inflation as it reports Q3 profit down from year ago

Molson Coors Beverage Co.'s chief executive says inflation has been a "significant headwind" for the brewer, weighing on its third-quarter profits even as sales increased.
Canadian Dairy Commission approves milk price increase for 2023 amid rising costs

Canadian Dairy Commission approves milk price increase for 2023 amid rising costs

Milk prices in Canada are expected to go up again in the new year. The Canadian Dairy Commission said Tuesday it has approved an increase in farm gate milk prices of about 2.2 per cent, or just under two cents per litre, effective Feb. 1, 2023.
Turquoise Hill delays shareholder vote on Rio Tinto deal to take it private

Turquoise Hill delays shareholder vote on Rio Tinto deal to take it private

TORONTO — Turquoise Hill Resources Ltd. has delayed a shareholder meeting to vote on Rio Tinto's deal to take the company private.
Calgary sales fall 15% in Oct., but on track for record year: real estate board

Calgary sales fall 15% in Oct., but on track for record year: real estate board

CALGARY — The Calgary Real Estate Board says the city is on track to record a record year for home sales, even as the number of transactions in October fell 15 per cent from the year before.
Fresh off Twitter acquisition, Musk suits up for Halloween

Fresh off Twitter acquisition, Musk suits up for Halloween

NEW YORK (AP) — Elon Musk didn't let the responsibilities of becoming CEO at a third major company curb his Halloween spirit this year.
Toronto Stock Exchange resumes trading after morning halt

Toronto Stock Exchange resumes trading after morning halt

TORONTO — The Toronto Stock Exchange has resumed trading after a technical issue halted the market shortly after the opening bell Tuesday.
Job openings hit 10.7M despite Fed attempts to cool economy

Job openings hit 10.7M despite Fed attempts to cool economy

WASHINGTON (AP) — U.S. job openings rose unexpectedly in September, suggesting that the American labor market is not cooling as fast as the inflation fighters at the Federal Reserve hoped. Employers posted 10.
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