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BMO agrees to pay US$40 million to settle SEC charges on supervision failure

BMO agrees to pay US$40 million to settle SEC charges on supervision failure

TORONTO — The U.S. Securities and Exchange Commission says BMO has agreed to pay more than US$40 million to settle charges related to the bank's alleged supervision failure in bond selling.
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U.S. benefits from Canadian trade at least as much as Canada: report

U.S. benefits from Canadian trade at least as much as Canada: report

VANCOUVER — A new report says the U.S. benefits at least as much from trade with Canada as Canada benefits. The report by economist Jim Stanford at the Centre for Future Work says claims by incoming U.S.
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S&P/TSX composite down more than 150 points, U.S. stock markets mixed

S&P/TSX composite down more than 150 points, U.S. stock markets mixed

TORONTO — Canada's main stock index was down more than 150 points in late-morning trading, weighed down by losses in technology stocks, while U.S. stock markets were mixed. The S&P/TSX composite index was down 170.37 points at 24,597.36.
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Lululemon raises fourth-quarter revenue and earnings per share forecast

Lululemon raises fourth-quarter revenue and earnings per share forecast

VANCOUVER — Lululemon Athletica Inc. has raised its forecast for revenue and earnings per share for its fourth quarter following a strong holiday season.
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Stock market today: Drops for Nvidia and other star stocks keep Wall Street in a rut

Stock market today: Drops for Nvidia and other star stocks keep Wall Street in a rut

NEW YORK (AP) — Drops for Nvidia and other superstar stocks are dragging U.S. indexes lower and keeping Wall Street stuck in its weekslong rut. The S&P 500 fell 0.8% early Monday. The index is coming off its fourth losing week in the last five.
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Cineplex reports box office revenue in December up from year ago

Cineplex reports box office revenue in December up from year ago

TORONTO — Cineplex says its box office revenue for December was up from a year earlier as movies released in November including Wicked and Moana 2 gained momentum. The movie theatre company says box office revenue in December totalled $64.
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High Tide signs deal for majority stake in German medical cannabis company Purecan

High Tide signs deal for majority stake in German medical cannabis company Purecan

CALGARY — Cannabis retailer High Tide Inc. has signed a deal to acquire a 51 per cent stake in German medical cannabis company Purecan GmbH in a deal worth about 4.8 million euros or about $7.1 million.
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Float Financial raises $70 million from Goldman Sachs, OMERS among others

Float Financial raises $70 million from Goldman Sachs, OMERS among others

TORONTO — Toronto-based Float Financial Solutions Inc. says it has signed a $70 million financing round led by Goldman Sachs' growth equity division.
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Canadians' financial stress ramping up despite interest rate cuts: MNP

Canadians' financial stress ramping up despite interest rate cuts: MNP

Half of Canadians are $200 or less away from being unable to cover their monthly bills and debt payments, according to MNP Ltd.'s quarterly report on consumer debt.
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China's exports in December up 10.7%, beating estimates as higher US tariffs loom

China's exports in December up 10.7%, beating estimates as higher US tariffs loom

HONG KONG (AP) — China’s exports in December grew at a faster pace than expected, as factories rushed to fill orders to beat higher tariffs that U.S. President-elect Donald Trump has threatened to impose once he takes office. Exports rose 10.
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