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S&P/TSX up almost 300 points as oil prices rise; Wall St. rallies and Fed holds rates

S&P/TSX up almost 300 points as oil prices rise; Wall St. rallies and Fed holds rates

TORONTO — Gains in energy stocks and base metals led Canada's main stock index up almost 300 points in a broad-based rally Wednesday, while major tech names led a rally on U.S. stock markets, and the U.S.
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Stock market today: S&P 500 jumps to best day in 5 months as tech rebounds, rate cuts come into view

Stock market today: S&P 500 jumps to best day in 5 months as tech rebounds, rate cuts come into view

NEW YORK (AP) — Big technology stocks drove a rally for U.S. indexes, as Wall Street grew even more convinced long-sought cuts to interest rates will be arriving soon. The S&P 500 jumped 1.6% Wednesday for its best day in five months.
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Precision Drilling attributes Canadian rig demand growth to Trans Mountain pipeline

Precision Drilling attributes Canadian rig demand growth to Trans Mountain pipeline

CALGARY — Canada's largest drilling rig contracting company has seen such surprising growth in customer demand after the opening of the Trans Mountain pipeline expansion that its CEO believes a rig shortage could be possible by next year.
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WSP Global on the hunt for big companies as acquisitions climb the to-do list

WSP Global on the hunt for big companies as acquisitions climb the to-do list

MONTREAL — WSP Global Inc. is eyeing larger acquisitions once again after working to integrate its sprawling operations as it snapped up smaller companies over the past 18 months, says CEO Alexandre L’Heureux.
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New money to expand cellular service in parts of rural N.S. with spotty coverage

New money to expand cellular service in parts of rural N.S. with spotty coverage

GREENFIELD, N.S. — Nova Scotia has announced its next steps to improve the sporadic cellular phone coverage in rural areas across the province, committing Wednesday to spend another $18.6 million to build 27 new telecommunication towers.
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Rogers jumps aboard TIFF as top sponsor of film festival, but not year-round events

Rogers jumps aboard TIFF as top sponsor of film festival, but not year-round events

TORONTO — The Toronto International Film Festival says it has signed up Rogers Communications as its new "presenting sponsor," but only for the film festival itself and only for a single year.
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The Federal Reserve sees cooler inflation and slower job market, suggesting a rate cut is nearing

The Federal Reserve sees cooler inflation and slower job market, suggesting a rate cut is nearing

WASHINGTON (AP) — The Federal Reserve said Wednesday that greater progress has been made in reducing inflation to its 2% target, a sign that the central bank is moving closer toward cutting its key interest rate for the first time in four years.
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Economy continues to grow at modest pace as forecasters brace for more rate cuts

Economy continues to grow at modest pace as forecasters brace for more rate cuts

OTTAWA — The Canadian economy continued to keep its head just above water in May, growing 0.2 per cent, led by expansions in manufacturing and the public sector.
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US stands by decision that 50 million air bag inflators are dangerous, steps closer to huge recall

US stands by decision that 50 million air bag inflators are dangerous, steps closer to huge recall

DETROIT (AP) — U.S. auto safety regulators say they stand by a conclusion that more than 50 million air bag inflators are dangerous and should not be in use, taking another step toward a massive recall.
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Technology set to replace many jobs in agri-food sector over next decade: report

Technology set to replace many jobs in agri-food sector over next decade: report

OTTAWA — A third of all agriculture jobs in Canada could be automated within the next decade, according to a new report.
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