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Canadian banks to report earnings amid rising interest rate environment

Canadian banks to report earnings amid rising interest rate environment

TORONTO — Canadian banks will give some insight into where they see the economy going when they start to report quarterly earnings this week.
Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: German chancellor visit German Chancellor Olaf Scholz is visiting Canada this week.
With international eyes on Newfoundland's hydrogen potential, some remain skeptical

With international eyes on Newfoundland's hydrogen potential, some remain skeptical

ST. JOHN'S, N.L. — As Germany turns to Canada for energy, all eyes are on a cluster of small western Newfoundland towns that could soon be home to two massive wind-powered hydrogen and ammonia projects. But there is skepticism among observers.
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 Friday on the Toronto Stock Exchange: Toronto Stock Exchange (20,111.38, down 153.99 points.) Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down three cents, or 0.04 per cent, to $72.39 on 18.
North American markets retreat; tech, crypto stocks fall sharply

North American markets retreat; tech, crypto stocks fall sharply

Canada's main stock index fell Friday, part of a broad-based retreat that also affected U.S. markets and brought with it significant losses in technology and cryptocurrency stocks. The S&P/TSX composite index closed down 153.99 points at 20,111.
Russia's Gazprom to shut gas pipeline to Europe for 3 days

Russia's Gazprom to shut gas pipeline to Europe for 3 days

MOSCOW (AP) — A key Russian natural gas pipeline will shut down for three days of maintenance at the end of this month, the state-owned energy company Gazprom announced Friday, raising economic pressure on Germany and other European countries that de
Tech stocks lead Wall Street lower, breaking winning streak

Tech stocks lead Wall Street lower, breaking winning streak

NEW YORK — Technology stocks led Wall Street lower, leaving major indexes in the red for the week. The benchmark S&P 500 index gave back 1.3% Friday, breaking a four-week winning streak. The tech-heavy Nasdaq composite fell even more.
Source: CBS extends Champions League deal for $250M a year

Source: CBS extends Champions League deal for $250M a year

GENEVA (AP) — The Champions League is staying on CBS in the United States for an additional six years with parent company Paramount paying $250 million a year to renew its prime European soccer rights through 2030, a person familiar with the deal tol
OMERS reports 0.4 per cent portfolio loss in first half of 2022

OMERS reports 0.4 per cent portfolio loss in first half of 2022

TORONTO — OMERS says it generated a net investment return of negative 0.4 per cent, or a loss of about $500 million, for the first six months of the year amid wider market turmoil.
Statistics Canada says retail sales rose 1.1 per cent in June to $63.1 billion

Statistics Canada says retail sales rose 1.1 per cent in June to $63.1 billion

OTTAWA — Canadian retail sales increased 1.1 per cent to $63.1 billion in June, boosted by higher sales at gasoline stations and motor vehicle and parts dealers, Statistics Canada said Friday.