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Rally for tech stocks helps soften Wall Street's rough week

Rally for tech stocks helps soften Wall Street's rough week

NEW YORK — A rally for tech stocks applied some salve on Wall Street’s rough week, one dominated by worries about a weakening economy. The S&P 500 rose 1.9% Friday, but still ended with its first weekly loss in the last three. The Nasdaq added 2.
Wave of tech layoffs tips power back in favour of employers in sector

Wave of tech layoffs tips power back in favour of employers in sector

TORONTO — Members of Canada's technology industry say another wave of layoffs the sector saw this week is tipping the power dynamic back in favour of employers.
Statistics Canada says November saw lowest number of people on EI in 25 years

Statistics Canada says November saw lowest number of people on EI in 25 years

OTTAWA — Statistics Canada says November saw the lowest number of employment insurance beneficiaries on record in 25 years.

Waterloo tech company Magnet Forensics sold to U.S. firm Thoma Bravo for $1.8B

Magnet Forensics Inc. says it will be bought and taken private in a $1.8-billion deal signed with Thoma Bravo, a U.S. private equity firm operating in the software sector. Waterloo, Ont.
Sun Life strikes insurance sales partnership with Hong Kong-based Dah Sing Bank

Sun Life strikes insurance sales partnership with Hong Kong-based Dah Sing Bank

TORONTO — Sun Life Financial Inc. says it has struck a 15-year deal to be to the exclusive provider of insurance products for Hong Kong-based Dah Sing Bank Ltd.
2022 was slowest year for US home sales in nearly a decade

2022 was slowest year for US home sales in nearly a decade

LOS ANGELES (AP) — U.S. home sales tumbled to the slowest pace in nearly a decade as soaring mortgage rates and sky high prices in 2022 pushed homeownership out of reach for many Americans.
Canadian retail sales fell 0.1 per cent to $61.8 billion in November

Canadian retail sales fell 0.1 per cent to $61.8 billion in November

Canadian retail sales edged down in November amid a broad consumer spending pull back as the rising cost of living continued to erode purchasing power. Statistics Canada said Friday retail sales dropped 0.1 per cent to $61.8 billion in November.
Romanian judge grants 30-day extension of Tate detention

Romanian judge grants 30-day extension of Tate detention

BUCHAREST, Romania (AP) — A judge in Romania has granted a request to extend by another 30 days the arrest of Andrew Tate, the social media personality who was detained in the country on charges of being part of an organized crime group, human traffi
Cannabis company Hexo regains compliance with Nasdaq's minimum bid price requirement

Cannabis company Hexo regains compliance with Nasdaq's minimum bid price requirement

GATINEAU, Que. — Hexo Corp. says the Nasdaq Stock Market LLC has informed the cannabis company that it has regained compliance with minimum bid price requirements. Gatineau, Que.
Macron to hike military funds amid Ukraine war, new threats

Macron to hike military funds amid Ukraine war, new threats

PARIS (AP) — French President Emmanuel Macron on Friday proposed to boost defense spending by more than a third through 2030 and to “transform" France's nuclear-armed military, to better face evolving threats and take into account the impact of Russi