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Some OPEC+ members will cut the oil that they send to the world to try to boost prices

Some OPEC+ members will cut the oil that they send to the world to try to boost prices

LONDON (AP) — The OPEC oil cartel led by Saudi Arabia and allied producers including Russia made another big swipe at propping up lagging crude prices Thursday, expanding some output cuts into next year and bringing up-and-coming oil supplier Brazil
Applications for jobless benefits up modestly, but continuing claims reach highest level in 2 years

Applications for jobless benefits up modestly, but continuing claims reach highest level in 2 years

Slightly more Americans filed for jobless claims last week, but the overall number of people in the U.S. collecting unemployment benefits rose to its highest level in two years.
Spectrum auction wraps, bringing more than $2.1 billion

Spectrum auction wraps, bringing more than $2.1 billion

OTTAWA — The federal government has announced the results of its latest spectrum auction offering telecommunications companies the chance to purchase chunks of mid-band wireless spectrum touted for being able to carry a lot of data over long distance
S&P/TSX composite gains more than 100 points Thursday, U.S. stock markets mixed

S&P/TSX composite gains more than 100 points Thursday, U.S. stock markets mixed

TORONTO — Canada's main stock index gained more than 100 points Thursday, led by strength in financial, industrial and telecom stocks, while U.S. markets were mixed, led by a gain of almost 1.5 per cent on the Dow Jones.
'The only choice': Defence Department going with Boeing to replace aging Aurora fleet

'The only choice': Defence Department going with Boeing to replace aging Aurora fleet

OTTAWA — The federal government is buying at least 14 Boeing surveillance planes from the United States to replace the aging CP-140 Aurora fleet, cabinet ministers announced Thursday. The deal costs more than $10.3 billion in total, including US$5.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursdayon the Toronto Stock Exchange: Toronto Stock Exchange (20,236.29, up 120.09): Manulife Financial Corp. (TSX:MFC). Financials. Up 34 cents, or 1.30 per cent, to $26.58 on 19.7 million shares.
Ski-Doo maker BRP feels impact of slower consumer spending as profits, shares drop

Ski-Doo maker BRP feels impact of slower consumer spending as profits, shares drop

MONTREAL — BRP Inc. saw its third-quarter profits tumble by half from a year earlier, triggering a stock price decline as the recreational vehicle maker felt the squeeze of sluggish consumer spending.
Stock market today: Wall Street closes out its best month in more than a year

Stock market today: Wall Street closes out its best month in more than a year

NEW YORK — Stocks ended mostly higher on Wall Street and closed out November with big gains. The S&P 500 rose 0.4% Thursday. The index rose 8.9% in November, its biggest monthly gain in more than a year.
Netflix urges CRTC to recognize its existing contributions to Canadian broadcasting

Netflix urges CRTC to recognize its existing contributions to Canadian broadcasting

Streaming giant Netflix says the CRTC should recognize the role it already plays in helping fund Canada's broadcasting industry and reject calls to mandate an additional payment from the company.
Banks report higher provisions for bad loans, focus on expenses as economy slows

Banks report higher provisions for bad loans, focus on expenses as economy slows

TORONTO — Several Canadian banks on Thursday reported fourth-quarter results that showed rising funds set aside for bad loans, and a heavy focus on expense management, as they prepared for the expected slower economy ahead.
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