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Fed official: Bank rules under review in wake of SVB failure

Fed official: Bank rules under review in wake of SVB failure

WASHINGTON (AP) — The Federal Reserve’s bank supervisors warned Silicon Valley Bank’s management as early as the fall of 2021 of risks stemming from its unusual business model, a top Fed official said Tuesday, but its managers failed to take the step
French police counter protest violence; trash strike ends

French police counter protest violence; trash strike ends

PARIS (AP) — Bolstered French police forces clashed with demonstrators in numerous cities Tuesday as hundred of thousands of marchers protested President Emmanuel Macron's unpopular retirement reform.
Ontario financial services watchdog proposes changes to deter mortgage fraud

Ontario financial services watchdog proposes changes to deter mortgage fraud

TORONTO — Ontario's financial services watchdog is proposing changes to guidance offered to mortgage agents and brokerages in an effort to deter deceptive and fraudulent mortgage activity.
SNDL to purchase four Dutch Love cannabis stores in $7.8 million deal

SNDL to purchase four Dutch Love cannabis stores in $7.8 million deal

Calgary-based pot retailer SNDL Inc. says it is buying four Dutch Love cannabis stores from Lightbox Enterprises Ltd. SNDL says it is paying $7.8 million for three stores in B.C.
Unprecedented construction needed in B.C. to offset record immigration: Report

Unprecedented construction needed in B.C. to offset record immigration: Report

VANCOUVER — Home construction in British Columbia will need to rise to unprecedented levels to offset the impact of record immigration on the housing market, the B.C. Real Estate Association said in a new report on Tuesday.
Crescent Point to buy Spartan Delta Corp.'s Montney assets in $1.7-billion deal

Crescent Point to buy Spartan Delta Corp.'s Montney assets in $1.7-billion deal

CALGARY — Crescent Point Energy Corp. has reached a deal to buy Spartan Delta Corp.'s Montney oilfield assets in Alberta for $1.
US consumer confidence ticks up in March

US consumer confidence ticks up in March

WASHINGTON (AP) — Consumer confidence inched up in March after two straight monthly declines, even as persistent inflation, bank collapses and anxiety over a possible recession weighed on American households.
Canadian Tire distribution centre remains closed after fire at Brampton facility

Canadian Tire distribution centre remains closed after fire at Brampton facility

TORONTO — Operations at one of Canadian Tire Corp.'s largest distribution centres remain suspended after a fire earlier this month. Canadian Tire says all employees were safely evacuated from the Brampton, Ont.
Bankman-Fried charged with paying $40M bribe to China

Bankman-Fried charged with paying $40M bribe to China

NEW YORK (AP) — FTX founder Sam Bankman-Fried was charged with directing $40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business in a newly rewritten indictment unsealed Tuesday.
Some young Canadians are downsizing their homes to cut back on their expenses

Some young Canadians are downsizing their homes to cut back on their expenses

Last month, Chelsea Hunt and her husband concluded that the cost of living had skyrocketed to a point where they could no longer afford to stay in their apartment and needed to move. “We were living paycheque to paycheque,” the 26-year-old said.