By Molly Cone TORONTO (Reuters) – When the Bank of Canada became the first major global central bank this month to pause raising interest rates after its most aggressive tightening campaign in h[...]
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Canada
Mexico makes lots of electric cars, but few Mexicans drive them
By Aida Pelaez-Fernandez MEXICO CITY(Reuters) – With Tesla Inc’s plan to open a $5 billion Gigafactory in Mexico, the country should soon become a hub of electric vehicle (EV) production,[...]
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Canadian lender RBC increases work-from-office time as COVID ebbs
(Reuters) -Royal Bank of Canada on Tuesday asked its employees to return to office three or four days a week, as Canada’s largest lender eases its COVID-19 protocols. In an internal memo to empl[...]
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TXS climbs to one-week high as energy, financials rally
By Fergal Smith (Reuters) -Canada’s benchmark stock index rose on Tuesday to its highest closing level in one week, helped by gains in energy and financial shares after domestic data showed cons[...]
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Dollar holds its breath as market awaits Fed policy decision
By Hannah Lang WASHINGTON (Reuters) – The dollar pared earlier losses and sterling fell on Tuesday as traders reckoned banking stress could keep the Federal Reserve and the Bank of England from[...]
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Canada’s banking regulator reaffirms creditor hierarchy after Credit Suisse deal angers bondholders
(Reuters) – Canada’s banking regulator said on Monday that those who hold Additional Tier 1 (AT1) and Tier 2 debt will be entitled to a more favorable outcome if a bank runs into trouble.[...]
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Energy shares help Toronto market to relief rally
By Fergal Smith (Reuters) – Canada’s main stock index rose on Monday, helped by gains for resource and financial shares, as some calm returned to global financial markets after the turmoil[...]
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U.S. bank crisis ‘unlikely’ to spill over to Canada, analysts say
By Divya Rajagopal TORONTO (Reuters) -Canada’s top six lenders have ample liquidity and manageable credit risks which will help them to emerge largely unscathed from the crisis of confidence tha[...]
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IPC CEO urges Canada to offer more funding to build carbon capture
By Nia Williams (Reuters) – International Petroleum Corp, the first foreign oil company to sanction a project in Canada’s oil sands in more than a decade, could add carbon capture and stor[...]
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