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Biden calls for tougher penalties for execs of failed banks

Biden calls for tougher penalties for execs of failed banks

WASHINGTON (AP) — President Joe Biden on Friday called on Congress to allow regulators to impose tougher penalties on the executives of failed banks, including clawing back compensation and making it easier to bar them from working in the industry.
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Indigenous-led prospective buyer 'not going away' even as Trans Mountain costs spiral

Indigenous-led prospective buyer 'not going away' even as Trans Mountain costs spiral

CALGARY — An Indigenous-led initiative is still pursuing ownership of the Trans Mountain pipeline, in spite of the project's ballooning price tag. "We are not going away, just because it's $30.9 billion.
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Banking complaints agencies report record numbers for 2022

Banking complaints agencies report record numbers for 2022

TORONTO — Canada's two banking complaints agencies say there were a record number of inquiries and cases opened last year.
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Cannabis 'price war' could cause 'significant' damage to industry: HEXO CEO

Cannabis 'price war' could cause 'significant' damage to industry: HEXO CEO

Hexo Corp.'s chief executive says he's seen a "price war" take shape over the last five months that could cause "significant" damage to Canada's cannabis industry. "No one wins in a price war," Charlie Bowman told analysts on a Friday call.
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Wall Street opens a bit lower as worries about banks persist

Wall Street opens a bit lower as worries about banks persist

NEW YORK (AP) — Wall Street is opening modestly lower as worries persist about the banking industry despite the lifelines it’s been getting. The S&P 500 was down 0.3% in early trading Friday. The Dow lost 0.6% and the Nasdaq was little changed.
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Markham employee on leave after using N-word in George Brown College guest lecture

Markham employee on leave after using N-word in George Brown College guest lecture

TORONTO — A downtown Toronto college says it is investigating after a guest speaker used the N-word during a case study presentation on Wednesday.
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Parent of Silicon Valley Bank seeks bankruptcy protection

Parent of Silicon Valley Bank seeks bankruptcy protection

NEW YORK — The parent of Silicon Valley Bank, seized last week by the U.S., is filing for Chapter 11 bankruptcy protection.
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P.E.I. housing pinch major issue as parties campaign ahead of April 3 vote

P.E.I. housing pinch major issue as parties campaign ahead of April 3 vote

CHARLOTTETOWN — A lack of affordable housing on Prince Edward Island has some questioning whether the province is running out of room for those who want to call it home, making dwindling real estate one of the major issues in the upcoming election.
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Asian shares up after First Republic aid spurs Wall St rally

Asian shares up after First Republic aid spurs Wall St rally

BANGKOK (AP) — Shares advanced Friday in Asia, tracking a rally on Wall Street after a group of big banks offered a lifeline to First Republic Bank, the lender investors had focused on in their latest hunt for troubles in the banking industry.
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Big banks create $30B rescue package for First Republic

Big banks create $30B rescue package for First Republic

NEW YORK (AP) — Eleven of the biggest U.S. banks Thursday announced a $30 billion rescue package for First Republic Bank in an effort to prevent it from becoming the third to fail in less than a week and head off a broader banking crisis.
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