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Foreign buyers tax hike won't have much effect on already cooling market, experts say

Foreign buyers tax hike won't have much effect on already cooling market, experts say

TORONTO — Ontario's surprise move to increase the tax paid by foreign homebuyers to 25 per cent won't have much effect on the province's already-cooling market, housing industry observers say.
Stocks end higher on Wall Street as earnings roll in

Stocks end higher on Wall Street as earnings roll in

NEW YORK — Stocks closed higher on Wall Street, marking the third straight gain for the S&P 500. The benchmark hadn’t been able to string together more than two gains in a row since mid-September.
Canopy Growth looks to grow U.S. business with new holding company structure

Canopy Growth looks to grow U.S. business with new holding company structure

Canopy Growth Corp.'s share price surged more than 27 per cent as it announced it will fast track its plans for the U.S. market with the creation of a new U.S.-domiciled company meant to hold its cannabis investments made south of the border.
Nielsen, Amazon Prime spar over who really watches football

Nielsen, Amazon Prime spar over who really watches football

NEW YORK (AP) — By the Nielsen company's count, 7.8 million people watched Amazon Prime's coverage of last Thursday's NFL game between New Orleans and Arizona. But Amazon says no, there were actually 8.9 million people watching.
HSBC says strong buyer interest helped prompt strategic review of Canadian division

HSBC says strong buyer interest helped prompt strategic review of Canadian division

TORONTO — The group head of HSBC Holdings Plc says the bank is exploring a sale of its Canadian division in part because it's had strong interest from other banks looking to buy it.
Insurance industry recommends climate risk score for houses

Insurance industry recommends climate risk score for houses

TORONTO — The Insurance Bureau of Canada is calling for the creation of a climate risk score that would indicate a property's susceptibility to damages caused by natural disasters.
EU ministers delay for a month decision on more energy unity

EU ministers delay for a month decision on more energy unity

BRUSSELS (AP) — European Union nations on Tuesday gave themselves yet another month to overcome deep differences on groundbreaking measures to shield their citizens from the energy crisis.
Venture debt in the spotlight amid tech downturn, falling valuations

Venture debt in the spotlight amid tech downturn, falling valuations

TORONTO — When investor exuberance in tech stocks faded as COVID-19 spending habits petered out and recession predictions grew, the head of the Silicon Valley Bank's Canadian arm knew what would keep startups going: venture debt.
Parkland to partner with U.S.-based FreeWire on EV charging network

Parkland to partner with U.S.-based FreeWire on EV charging network

CALGARY — Parkland Corp. says it has signed a deal with California-based EV charging technology company FreeWire.
Naomi Alderman novel 'The Future' scheduled for next fall

Naomi Alderman novel 'The Future' scheduled for next fall

NEW YORK (AP) — Novelist Naomi Alderman is a “what if” kind of writer, as in: What if women were able to release electricity through their fingers, the premise of her acclaimed bestseller “The Power "? For her upcoming book, simply and descriptively