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CIBC reports Q4 profit down from year ago as expenses, provisions and margins weigh

CIBC reports Q4 profit down from year ago as expenses, provisions and margins weigh

TORONTO — Higher expenses, lower interest margins and more money set aside for potentially bad loans all weighed on CIBC's earnings which declined in the fourth quarter from a year ago.
S&P/TSX composite up nearly 100 points, U.S. stock markets trade lower

S&P/TSX composite up nearly 100 points, U.S. stock markets trade lower

TORONTO — Canada's main stock index was up nearly 100 points in late-morning trading, as strength in the technology sector help lead the market higher, while U.S. stock markets were down. The S&P/TSX composite index was up 97.85 points at 20,551.
Cdn. tech sector participation and pay gaps persist and in some cases, worsen: report

Cdn. tech sector participation and pay gaps persist and in some cases, worsen: report

TORONTO — A new report shows women, people of colour and immigrants in Canada's tech sector saw employment and pay inequities persist — and in some cases, worsen — between 2001 and 2016.
TD Bank Group reports earnings up as it sees growth in margins and loans

TD Bank Group reports earnings up as it sees growth in margins and loans

TORONTO — TD Bank Group saw earnings climb in the fourth quarter, despite setting aside more money for potentially bad loans, as it benefitted in part from higher interest margins on its loans.

German parliament votes to approve EU-Canada trade pact

BERLIN (AP) — German lawmakers on Thursday approved a free-trade deal between the European Union and Canada, moving the accord a step closer to taking full effect.
Tips to deal with shrinkflation at the mall as some shoppers question discounts

Tips to deal with shrinkflation at the mall as some shoppers question discounts

At first glance, it might seem like the deals have never been better as posters in store windows and online ads trumpet a steady stream of holiday sales.
Stocks open December with modest gains on Wall Street

Stocks open December with modest gains on Wall Street

NEW YORK (AP) — Stocks are opening mostly higher on Wall Street and bond yields are pulling back after the government reported that a measure of inflation that’s closely watched by the Federal Reserve eased in October. The S&P 500 was up 0.
An inflation gauge tracked by the Fed slows to still-high 6%

An inflation gauge tracked by the Fed slows to still-high 6%

WASHINGTON (AP) — A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed's intent to keep raising interest rates to cool the economy and slow the accelera
Applications for jobless benefits decline last week

Applications for jobless benefits decline last week

WASHINGTON (AP) — The number of Americans applying for unemployment benefits came back down last week, hovering near levels suggesting the U.S. labor market has been largely unaffected by the Federal Reserve's aggressive interest rate hikes.
Jacynthe Côté to become chair at Royal Bank of Canada next year

Jacynthe Côté to become chair at Royal Bank of Canada next year

TORONTO — Royal Bank of Canada says Jacynthe Côté will be appointed as chair of the bank's board of directors next year.
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