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P.E.I. tables budget with record $184-million deficit in face of economic uncertainty

P.E.I. tables budget with record $184-million deficit in face of economic uncertainty

CHARLOTTETOWN — In the face of economic headwinds caused by American tariffs, the government of Prince Edward Island tabled a $3.5-billion budget Thursday, with a record projected deficit of nearly $184 million for the 2025-26 fiscal year.
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US stocks dive as euphoria on Wall Street reverts to fear about US-China trade war

US stocks dive as euphoria on Wall Street reverts to fear about US-China trade war

NEW YORK (AP) — U.S. stocks dove Thursday and surrendered a chunk of their historic gains from the day before as President Donald Trump’s trade war continues to threaten the economy . The S&P 500 tumbled 3.5%, slicing into Wednesday’s surge of 9.
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North American stocks end deep in the red on U.S.-China tariff worries

North American stocks end deep in the red on U.S.-China tariff worries

TORONTO — North American markets posted more losses Thursday, reversing some of what they gained in a rally the day before, after the White House said tariffs on China are even higher than previously announced at 145 per cent.
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S&P 500 sinks 3.5% as Wall Street swings from euphoria back to worries about US-China trade war

S&P 500 sinks 3.5% as Wall Street swings from euphoria back to worries about US-China trade war

NEW YORK (AP) — U.S. stocks surrendered a chunk of their historic gains from the day before as President Donald Trump’s trade war continues to threaten the economy. The S&P 500 fell 3.5% Thursday. The Dow Jones Industrial Average dropped 2.
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Ford meets with Utah governor, who encourages more subnational trade missions

Ford meets with Utah governor, who encourages more subnational trade missions

TORONTO — Ontario Premier Doug Ford met in his office today with the Republican governor of Utah, who says he will be telling all of his fellow governors to visit Canada on similar trade missions. Gov.
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TC Energy CEO says Canada can become top LNG supplier to Asia

TC Energy CEO says Canada can become top LNG supplier to Asia

The chief executive of pipeline operator TC Energy says he believes Canada can be the No. 1 exporter of liquefied natural gas to Asia, but political leadership is crucial to making it happen.
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Amid market turbulence, money managers lean on defensive bets

Amid market turbulence, money managers lean on defensive bets

Faced with the extreme market turbulence of the past week, money managers are staying the course and relying on their long-term investment strategies while also looking for opportunities amid the panic.
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Manitoba offers $13 million with more to come for planned grain centre

Manitoba offers $13 million with more to come for planned grain centre

WINNIPEG — The Manitoba government is putting up $13 million for a centre aimed at helping grain producers find new international trading partners.
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Cogeco's wireless service launch plans on track as pre-registrations open: CEO

Cogeco's wireless service launch plans on track as pre-registrations open: CEO

MONTREAL — Cogeco Inc. says its plans to offer mobile service in Canada are on track and it has begun signing up customers who already subscribe to its other services.
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Inflation fell last month as gas prices dropped sharply, a sign prices cooled before tariffs

Inflation fell last month as gas prices dropped sharply, a sign prices cooled before tariffs

WASHINGTON (AP) — U.S. inflation declined last month as the cost of gas, airline fares, and hotel rooms fell, a sign that price growth was cooling even as President Donald Trump ramped up his tariff threats . Consumer prices rose just 2.
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