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UBS to buy Credit Suisse for nearly $3.25B to calm turmoil

UBS to buy Credit Suisse for nearly $3.25B to calm turmoil

GENEVA (AP) — Banking giant UBS is buying troubled rival Credit Suisse for almost $3.25 billion, in a deal orchestrated by regulators in an effort to avoid further market-shaking turmoil in the global banking system.
Indigenous communities leading Canada's clean energy boom

Indigenous communities leading Canada's clean energy boom

CALGARY — On a wintry day last November, Daphne Kay looked up at an expanse of gleaming solar panels located on Cowessess First Nation reserve land just east of Reginaand cried.
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
Russia, Ukraine extend grain deal to aid world's poor

Russia, Ukraine extend grain deal to aid world's poor

KYIV, Ukraine (AP) — An unprecedented wartime deal that allowed grain to flow from Ukraine to countries in Africa, the Middle East and Asia where hunger is a growing threat and high food prices are pushing more people into poverty was extended just before its expiration date

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 (19,387.72, down 151.29): Wallbridge Mining Company Ltd. (TSX:WM). Materials.
CP Rail, Kansas City Southern Rail to combine next month after U.S. approval

CP Rail, Kansas City Southern Rail to combine next month after U.S. approval

MONTREAL — Canadian Pacific Railway Ltd. has announced it will officially combine with Kansas City Southern Railway Co. on April 14, under the new banner of Canadian Pacific Kansas City. The U.S.
Luc Bertrand to helm board of TMX Group, replacing Charles Winograd

Luc Bertrand to helm board of TMX Group, replacing Charles Winograd

TORONTO — TMX Group Ltd. says it intends to appoints Luc Bertrand as the new chair of the company's board starting May 2.
Markets slump Friday as investors grapple with banking fallout, rate uncertainty

Markets slump Friday as investors grapple with banking fallout, rate uncertainty

TORONTO — Financial markets have flip-flopped all week as a global crisis in confidence over the banking sector has led to a dramatic shift in expectations for central banks' fight against inflation, and has made a recession more likely.
S&P/TSX down Friday as markets continue to grapple with bank collapses

S&P/TSX down Friday as markets continue to grapple with bank collapses

TORONTO — Canada's main stock index closed down over 150 points Friday, with U.S. indexes also posting losses, as the globe continued to grapple with a crisis of confidence in the financial system triggered by two U.S. bank failures.
Spanish company drops LNG terminal in New Brunswick citing high costs to ship gas

Spanish company drops LNG terminal in New Brunswick citing high costs to ship gas

FREDERICTON — The Spanish company behind a proposal to export liquefied natural gas to Europe through a terminal in Saint John, N.B., has announced it will not go ahead with the project because the costs are too high.