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RBC scraps sustainable finance commitment, holds back on disclosures

RBC scraps sustainable finance commitment, holds back on disclosures

TORONTO — Canada's largest bank said Tuesday that it has scrapped one of its flagship climate commitments and is holding back on publicizing other climate progress in part because of new rules around greenwashing.
S&P/TSX composite index closes higher, along with U.S. stock markets

S&P/TSX composite index closes higher, along with U.S. stock markets

TORONTO — Canada's main stock index closed up along with U.S. markets Tuesday as investors saw reason for optimism on the trade front. The S&P/TSX composite index was trading down earlier in the day and U.S.
Gildan Activewear sees Q1 profit rise to US$84.7 million, net sales also up

Gildan Activewear sees Q1 profit rise to US$84.7 million, net sales also up

MONTREAL — Gildan Activewear Inc. saw its earnings rise to US$84.7 million in its latest quarter. The Montreal-based apparel maker, which keeps its book in U.S. dollars, says the first-quarter profit compared with net earnings of US$78.
Energy, environmental groups strike hopeful tone after Liberal federal election win

Energy, environmental groups strike hopeful tone after Liberal federal election win

CALGARY — Energy industry groups and environmental advocates were striking a hopeful note a day after voters returned the Liberals to power in Ottawa with a minority mandate.
Crews searching for pilot missing after plane crashes off Newfoundland's east coast

Crews searching for pilot missing after plane crashes off Newfoundland's east coast

ST. JOHN'S — Crews are searching for a pilot missing in the waters off the east coast of Newfoundland after a pontoon plane crashed this morning while en route to Portugal.
B.C.'s auditor general finds legal aid lacks processes to ensure timely services

B.C.'s auditor general finds legal aid lacks processes to ensure timely services

VICTORIA — British Columbia's auditor general says the body in charge of providing legal aid for those with low incomes doesn't have processes or information to ensure people get timely and high-quality help.
Ontario gets ball rolling on Highway 401 tunnel feasibility study

Ontario gets ball rolling on Highway 401 tunnel feasibility study

TORONTO — Ontario is taking a concrete step toward an idea Premier Doug Ford has championed to build a tunnel under Highway 401. Ford has spoken often of the need to address gridlock and railed against lost productivity as a result of it.
Wall Street rises as corporate profits pile higher along with uncertainty about Trump's trade war

Wall Street rises as corporate profits pile higher along with uncertainty about Trump's trade war

NEW YORK (AP) — U.S. stocks rose again as stronger-than-expected profits keep piling higher for companies, though CEOs say they’re unsure how long that can last due to uncertainty around President Donald Trump’s trade war. The S&P 500 climbed 0.
Minority Parliament could prompt higher deficits amid party compromises: economists

Minority Parliament could prompt higher deficits amid party compromises: economists

TORONTO — With the Liberal Party poised to form a minority government following the election, economists say the focus now shifts toward Prime Minister Mark Carney's spending promises amid the trade war with the United States.
US consumer confidence plummets to Covid-era low as trade war stokes anxiety

US consumer confidence plummets to Covid-era low as trade war stokes anxiety

WASHINGTON (AP) — Americans' confidence in the economy slumped for the fifth straight month to the lowest level since the onset of the COVID-19 pandemic as anxiety over the impact of tariffs takes a heavy toll.
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