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Powell says financial crisis accelerated economic changes

Powell says financial crisis accelerated economic changes

WASHINGTON — Federal Reserve Chairman Jerome Powell said Tuesday that the 2008 financial crisis accelerated major changes in the U.S. and global economies, leading to slower growth, lower inflation and lower interest rates.
Trump administration blasts WTO ruling on China

Trump administration blasts WTO ruling on China

WASHINGTON — The Trump administration blasted a World Trade Organization decision Tuesday that could let China levy sanctions on the United States.
TSX down as oil prices fall on easing tensions with Iran; U.S. markets also lower

TSX down as oil prices fall on easing tensions with Iran; U.S. markets also lower

TORONTO — North American stock markets were all down Tuesday with Canada's main stock index inching lower as oil prices fell on signs of easing geopolitical risks in the Middle East. The S&P/TSX composite index closed down 8.40 points at 16,502.
CP Rail rakes in record second-quarter revenue as traffic increases

CP Rail rakes in record second-quarter revenue as traffic increases

Canadian Pacific Railway Ltd. announced record second-quarter revenues of nearly $2 billion Tuesday, beating analysts' expectations and sending its stock to an all-time high. Shares of the country's second-largest railroad operator shot up $12.

Turquoise Hill shares plunge on delays, higher costs at Mongolian mine

VANCOUVER — Shares of Turquoise Hill Resources Ltd. closed down more than 43 per cent Tuesday on the Toronto Stock Exchange after it announced delays and cost overruns at a major mine project in Mongolia. The Vancouver-based company, 50.
Alberta economy doing better than expected in June forecast, TD economists note

Alberta economy doing better than expected in June forecast, TD economists note

CALGARY — Encouraging data points are forcing economists to consider upgrading their expectations for weak 2019 economic growth in Alberta as the province continues to recover from the effects of extreme heavy oil price weakness late last year.
FortisBC eyes expansions after inking deal to send LNG by container to China

FortisBC eyes expansions after inking deal to send LNG by container to China

FortisBC is considering further expansions to its liquefaction facility on the Fraser River near Vancouver after landing its first term contract to send Canadian LNG to China.

Most actively traded companies on the TSX

Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,502.42, down 8.40 points ). Turquoise Hill Resources Ltd. (TSX:TRQ). Materials. Down 60 cents, or 43.17 per cent, to 79 cents on 14.
Alternative lenders gain market share as total mortgage growth slows, CMHC says

Alternative lenders gain market share as total mortgage growth slows, CMHC says

An increasing number of homeowners turned to alternative lenders last year, while new mortgage growth reached its slowest pace in more than a quarter of a century amid government interventions aimed at cooling the housing market, according to a new r

US industrial production unchanged in June

WASHINGTON — U.S. industrial production was flat in June, as a slump in utilities was offset by gains in output by factories and mining. The Federal Reserve said Tuesday that manufacturing production increased 0.
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