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S&P/TSX composite, Dow Jones and S&P 500 set record highs as mood rises on economy

S&P/TSX composite, Dow Jones and S&P 500 set record highs as mood rises on economy

TORONTO — Broad-based optimism lifted Canada's main stock index to a record close on Thursday as U.S. markets also pushed higher on news suggesting a strong recovery from the pandemic slump. The S&P/TSX composite index was up 150.
AIMCo names former CMHC head Evan Siddall as next chief executive

AIMCo names former CMHC head Evan Siddall as next chief executive

Alberta Investment Management Corp. has named the former — and often outspoken — head of Canada Mortgage and Housing Corp. as its next chief executive.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (19,321.92, up 150.26 points.) Royal Bank of Canada (TSX:RY). Financials. Up 68 cents, or 0.58 per cent, to $118.02 on 8.6 million shares.
After union vote, Bezos vows to do better for Amazon workers

After union vote, Bezos vows to do better for Amazon workers

NEW YORK — After a union battle at an Alabama warehouse, Amazon founder Jeff Bezos acknowledged that Amazon has to do better for its workers and vowed to make Amazon a safer place to work.
Canadian home sales up 76% year-over-year, set new March record: CREA

Canadian home sales up 76% year-over-year, set new March record: CREA

A trickle of supply started returning to the country's real estate sector in March, but it did little to cool off heated markets as monthly home sales hit an all-time record, the Canadian Real Estate Association said Thursday.

Most Black female entrepreneurs face barriers to financing: report

The vast majority of Black women who are entrepreneurs in Canada say they face significant barriers to financing, including the cost of borrowing, a study has found.
Bank of America profit doubles in 1Q to $8.1 billion

Bank of America profit doubles in 1Q to $8.1 billion

NEW YORK — Bank of America's profits doubled in the first quarter, the bank said Thursday, as the improving economy allowed it to release billions from its loan-loss reserves that it originally set aside in the early days of the pandemic.
$1,400 stimulus checks helped March retail sales soar 9.8%

$1,400 stimulus checks helped March retail sales soar 9.8%

NEW YORK — Newly vaccinated and armed with $1,400 stimulus checks, Americans went on a spending spree last month, buying new clothes and going out to eat again. Retail sales surged a seasonally adjusted 9.
Citigroup profit triples in 1Q, tops estimates; revenue down

Citigroup profit triples in 1Q, tops estimates; revenue down

NEW YORK — Citigroup's profits more than tripled in the first quarter, the banking conglomerate said Thursday, helped by the release of billions of dollars from its loan-loss reserves.
Toyota recalls Venza SUVs to fix air bag wiring problem

Toyota recalls Venza SUVs to fix air bag wiring problem

DETROIT — Toyota is recalling nearly 280,000 Venza SUVs in the U.S. because a wiring problem can stop the side air bags from inflating in a crash. The recall covers Venzas from the 2009 through 2015 model years. Documents posted Thursday by the U.S.