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RBC makes changes to executive suite after HSBC acquisition

RBC makes changes to executive suite after HSBC acquisition

TORONTO — Royal Bank of Canada is making changes to its executive suite and splitting its personal and commercial banking division into two groups following its acquisition of HSBC Bank Canada earlier this year.
Telus tells Ontario call centre workers to relocate or risk losing their job

Telus tells Ontario call centre workers to relocate or risk losing their job

Telus Corp. has informed around 150 call centre employees based in Ontario they must relocate by October, apply for another role or agree to be laid off.
'Make a day out of it': How to save money on cross-border shopping

'Make a day out of it': How to save money on cross-border shopping

For Richard Khairov, a shopping trip to the U.S. is a short drive — two hours or less — from his home in Richmond Hill, Ont., just north of Toronto.
Fewer Americans apply for jobless claims last week as labor market remains sturdy

Fewer Americans apply for jobless claims last week as labor market remains sturdy

Fewer Americans filed for unemployment benefits last week as the labor market remains sturdy despite high interest rates.
Private equity firm to buy Héroux-Devtek in deal valued at $1.35 billion

Private equity firm to buy Héroux-Devtek in deal valued at $1.35 billion

LONGUEUIL, Que. — Aircraft landing gear maker Héroux-Devtek Inc. says it has signed a deal to be acquired by U.S. private equity firm Platinum Equity Advisors LLC in a deal valued at $1.35 billion. Under the agreement, Platinum Equity will pay $32.
EU accepts Apple pledge to let rivals access 'tap to pay' iPhone tech to resolve antitrust case

EU accepts Apple pledge to let rivals access 'tap to pay' iPhone tech to resolve antitrust case

LONDON (AP) — The European Commission, the EU's executive arm and top antitrust enforcer, said that it's accepting the commitments that Apple offered earlier this year and will make them legally binding.
Higher costs and low base fares send Delta's profit down 29%. The airline still earned $1.31 billion

Higher costs and low base fares send Delta's profit down 29%. The airline still earned $1.31 billion

Americans are traveling in record numbers this summer, but Delta Air Lines saw second-quarter profit drop 29% due to higher costs and discounting of base-level fares across the industry.
PepsiCo second quarter profits jump, but demand continues to slip with prices higher

PepsiCo second quarter profits jump, but demand continues to slip with prices higher

PepsiCo reported higher-than-expected earnings in the second quarter even as customer demand for its snacks and drinks continued to slip. The Purchase, New York-based company said its net income rose 12% to $3 billion, or an adjusted $2.
Former Indonesian agriculture minister sentenced to 10 years for corruption

Former Indonesian agriculture minister sentenced to 10 years for corruption

JAKARTA, Indonesia (AP) — Indonesia’s anti-graft court sentenced a former agriculture minister to 10 years in prison Thursday after finding him guilty of corruption-related extortion, abuse of power and bribery involving ministry contracts with priva
Interest rate cut hasn't led to rush of homebuyer demand yet: Royal LePage report

Interest rate cut hasn't led to rush of homebuyer demand yet: Royal LePage report

TORONTO — Despite expectations of lower interest rates prompting homebuyers to leave the sidelines, a new report says the Bank of Canada's quarter-point cut to its key interest rate last month did not lead to a rush in demand.
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