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Tesla posts surprise $2.17 billion third-quarter profit, up 17.3% from a year ago

Tesla posts surprise $2.17 billion third-quarter profit, up 17.3% from a year ago

DETROIT (AP) — Tesla’s third-quarter net income rose 17.3% compared with a year ago as its quarterly electric vehicle sales rose for the first time this year. The Austin, Texas, company said Wednesday that it made $2.
Semi-trailer rollover kills 17 cattle on busy Calgary ring road

Semi-trailer rollover kills 17 cattle on busy Calgary ring road

CALGARY — A semi-truck carrying a load of cattle rolled over on a busy ring road in Calgary on Tuesday night. Police say the truck, carrying about 95 cattle, was in a single-vehicle crash on an off-ramp from Stoney Trail.
S&P/TSX composite closes down along with U.S. markets on Wednesday

S&P/TSX composite closes down along with U.S. markets on Wednesday

TORONTO — Canada's main stock index closed down Wednesday as the Bank of Canada cut its key interest rate by half a percentage point, while U.S. stock markets also fell. The S&P/TSX composite index closed down 143.08 points at 24,573.
Banks lower prime rates to 5.95% after Bank of Canada move

Banks lower prime rates to 5.95% after Bank of Canada move

TORONTO — 91Ô­´´ financial institutions are lowering their prime lending rates to match the decrease announced by the Bank of Canada. The central bank lowered its key interest rate by half a percentage point Wednesday to 3.75 per cent.
Stock market today: Wall Street slumps to a rare 3-day losing streak

Stock market today: Wall Street slumps to a rare 3-day losing streak

NEW YORK (AP) — U.S. stocks closed lower as more steam came out of Wall Street’s huge, record-breaking rally. The S&P 500 fell 0.9% Wednesday. It was the third loss in a row for the benchmark index, the first time that’s happened in six weeks.
BoC delivers half percentage point rate cut, says it now must keep inflation at 2%

BoC delivers half percentage point rate cut, says it now must keep inflation at 2%

OTTAWA — The Bank of Canada claimed victory against high inflation on Wednesday as it delivered a supersized interest rate cut and signalled its policy rate will likely continue falling in the coming months.
Calgary Wild FC women's pro soccer team announces its leaders

Calgary Wild FC women's pro soccer team announces its leaders

CALGARY — Soccer so foundational to her life, Lara Murphy is putting her skills and money into Calgary's team in the startup women's professional Northern Super League.
Fintrac warns of ways lawyers may be facilitating money laundering

Fintrac warns of ways lawyers may be facilitating money laundering

OTTAWA — Canada's anti-money laundering agency is warning about the key areas that lawyers could be aiding in the illicit movement of funds.
Fourth straight interest rate cut may not bring buyers back to the market just yet

Fourth straight interest rate cut may not bring buyers back to the market just yet

TORONTO — While the Bank of Canada's fourth straight cut to its key interest rate could inspire potential homebuyers to get off the sidelines, some commentators say the housing market may not see a huge spark just yet.
A look at what people are saying about the Bank of Canada's rate decision

A look at what people are saying about the Bank of Canada's rate decision

OTTAWA — The Bank of Canada cut its key policy interest rate by 50 basis points on Wednesday to bring it to 3.75 per cent (a basis point is equal to a one-hundredth of a percentage point).