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Cryptocurrencies plunge as Binance scraps deal for rival FTX

Cryptocurrencies plunge as Binance scraps deal for rival FTX

NEW YORK (AP) — Cryptocurrency prices plunged for a second-straight day after crypto exchange Binance said it was pulling out of a deal to purchase failing rival FTX Trading.
Ottawa could reap $4.4 billion from extending windfall tax to other sectors: PBO

Ottawa could reap $4.4 billion from extending windfall tax to other sectors: PBO

OTTAWA — New analysis from the parliamentary budget officer suggests the federal government would pocket $4.4 billion in additional revenue if it extended the Canada Revenue Dividend to the oil and gas sector as well as big-box stores.
Manulife earning slip on market performance, hurricane costs

Manulife earning slip on market performance, hurricane costs

TORONTO — Manulife Financial Corp. says its earnings slipped in the third quarter as market losses and hurricane costs weighed. The insurance company says it had a net income of $1.35 billion for the quarter ending Sept. 30, down from $1.
WSP Global sees revenues rise nine per cent, earnings slip on costs and acquisitions

WSP Global sees revenues rise nine per cent, earnings slip on costs and acquisitions

MONTREAL — WSP Global Inc. reported revenues of $2.9 billion in the third quarter ended Oct. 1, up 9.3 per cent from last year. The Montreal-based engineering firm says net earnings attributable to shareholders were $127.5 million, or $1.
U.S. voters give Biden's Democrats new life — and a credible challenge for Trump

U.S. voters give Biden's Democrats new life — and a credible challenge for Trump

WASHINGTON — Call it a November surprise. Democrats were basking in a midterm defeat that felt like a big win Wednesday after an electoral all-nighter that remained on track to buck the modern-day U.S.
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 Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,344.25, down 316.06 points): Enbridge Inc. (TSX:ENB). Energy. Down 76 cents, or 1.41 per cent, to $53.15 on 18 million shares.
S&P/TSX composite falls more than 300 points, U.S. markets also down

S&P/TSX composite falls more than 300 points, U.S. markets also down

TORONTO — Canada's main stock index was down more than 300 points Wednesday with losses of more than four per cent in energy while U.S. markets also fell substantially.
EQ Bank-owner shares rise as it reports earnings rise in Q3 results

EQ Bank-owner shares rise as it reports earnings rise in Q3 results

TORONTO — An earnings boost from wider margins helped push up shares of EQ Bank owner Equitable Group Inc. by more than 12 per cent Wednesday. The jump came as the bank reported record third quarter earnings of $77.6 million, up from $72.
Canopy Growth CEO hopeful for cannabis reforms after U.S. midterms

Canopy Growth CEO hopeful for cannabis reforms after U.S. midterms

The head of Canopy Growth Corp. has high hopes for the U.S. Senate and potential cannabis legislation after Tuesday's midterm elections.
Stocks slump on Wall Street; crypto prices dive again

Stocks slump on Wall Street; crypto prices dive again

NEW YORK (AP) — Wall Street closed sharply lower, giving back a big chunk of the gains built in a three-day rally running up to Election Day. The S&P 500 lost 2.1% Wednesday. Several sources of disappointment were behind the drop.