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S&P/TSX composite ends down more than 200 points, U.S. markets also lower

S&P/TSX composite ends down more than 200 points, U.S. markets also lower

TORONTO — Canada's main stock index ended down along with U.S. markets as central bank leaders emphasize the need to raise rates, while oil prices and energy stocks rose in reaction to news of production cuts by OPEC plus.
In a first, Netflix's 'Glass Onion' to play in major chains

In a first, Netflix's 'Glass Onion' to play in major chains

NEW YORK (AP) — For the first time, the major U.S. theater chains will play a Netflix release after exhibitors and the streaming service reached a deal for a nationwide sneak-peak run of Rian Johnson's “Glass Onion: A Knives Out Mystery.
TD expects steeper home price drop in early 2023 than initial forecast

TD expects steeper home price drop in early 2023 than initial forecast

TORONTO — TD Economics has revised its housing forecast to account for even steeper price declines in early 2023 and then slower growth for the remainder of the year.
MPs unanimously vote to temporarily double GST rebate for lower-income Canadians

MPs unanimously vote to temporarily double GST rebate for lower-income Canadians

OTTAWA — MPs unanimously passed legislation today to temporarily double GST rebates to help low- and modest-income Canadians, and the bill will now be sent to the Senate.
Housing starts will fall below 2030 supply targets in Ont., Que. and B.C.: CMHC

Housing starts will fall below 2030 supply targets in Ont., Que. and B.C.: CMHC

TORONTO — Canada Mortgage and Housing Corp. says even under best-case scenarios, housing starts will fall well below the affordable housing supply targets it has set for Ontario, B.C. and Quebec to reach by 2030.
More rate hikes needed despite signs of economic slowdown: Macklem

More rate hikes needed despite signs of economic slowdown: Macklem

OTTAWA — Despite some early signs of a slowing economy, Bank of Canada governor Tiff Macklem says more interest rate hikes are necessary to bring inflation down.
Clearing ports, adding skilled labour key to unblocking supply chain: report

Clearing ports, adding skilled labour key to unblocking supply chain: report

OTTAWA — A federal task force says Canada's transportation supply chain is approaching its "breaking point" and urgent action from both government and industry is needed to keep goods flowing.
Let’s talk baggage: how much is your carry-on costing?

Let’s talk baggage: how much is your carry-on costing?

MONTREAL — As COVID-19-related restrictions lift and demand for travel returns, airport goers are left wondering yet again if checking a bag is worth it.
EXPLAINER: How will OPEC+ cuts affect oil prices, inflation?

EXPLAINER: How will OPEC+ cuts affect oil prices, inflation?

FRANKFURT, Germany (AP) — Major oil-producing countries led by Saudi Arabia and Russia have decided to slash the amount of oil they deliver to the global economy.
France's Macron opposes building new Iberia gas pipeline

France's Macron opposes building new Iberia gas pipeline

PRAGUE (AP) — French President Emmanuel Macron said his government does not support the idea of building a new pipeline to pump natural gas between the Iberian Peninsula and the rest of Europe despite the continent's energy crisis.