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Musk says Twitter legal team told him he violated an NDA

Tesla CEO Elon Musk arrives on the red carpet for the Axel Springer media award in Berlin on Dec. 1, 2020.Hannibal Hanschke/The Associated Press Elon Musk on Saturday tweeted that Twitter Inc.’s legal team accused him of violating a non-disclosure agreement by revealing that the sample size for the social media platform’s checks on automated …

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Cooling real estate market gives some leverage back to homebuyers

Home sales declined by more than 5 per cent nationally between February and March, running against the usual seasonal pattern.Evan Buhler/The Canadian Press On paper, Canada’s housing market is still firmly in sellers’ territory. But in some areas of the country, slowing home-price growth and soaring mortgage rates are tilting the power balance toward buyers …

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What does the Bank of Canada do, and how does it work?

FILE PHOTO: A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. REUTERS/Chris Wattie/File PhotoCHRIS WATTIE/Reuters The Bank of Canada has been criticized in recent months over runaway inflation, most prominently by Conservative Party leadership candidate Pierre Poilievre, who tweeted in April that the institution is financially illiterate. …

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Canadian Food Inspection Agency tests find fraudulent claims about food products, including expensive oils

Of the olive oils tested, almost 88 per cent were compliant. In the past, the industry has faced criticism about ‘extra virgin olive oil’ being diluted with cheaper vegetable oils or containing artificial coloring.ANDREW PURCELL/The New York Times News Service Food fraud remains a major concern in Canada, according to a new report – a …

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Crypto world stabilizes, bitcoin rallies after stablecoin slide

Cryptocurrencies steadied on Friday, with bitcoin BTK22 recovering from a 16-month low after a volatile week dominated by the collapse in value of TerraUSD, a so-called stablecoin. Crypto assets have been swept up in broad selling of risky investments on worries about high inflation and rising interest rates. But broader financial markets have so far …

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Tesla, Twitter shares drop as Elon Musk’s legal issues grow

Tesla CEO Elon Musk attends the opening of the Tesla factory Berlin Brandenburg in Gruenheide, Germany, on March 22.Patrick Pleul/The Associated Press Shares of Tesla TSLA-Q and Twitter TWTR-N have tumbled this week as investors deal with the fallout and potential legal issues surrounding Tesla CEO Elon Musk and his $44 billion bid to buy …

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Interest rate trajectory will depend heavily on housing market, BoC deputy says

There are some signs that Canada’s hottest housing markets have already begun to cool in response to rising interest rates.Evan Buhler/The Canadian Press The Bank of Canada needs to keep raising interest rates to tackle runaway inflation, deputy governor Toni Gravelle said on Thursday – although how high rates go will depend on how the …

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US consumer prices still increasing at uncomfortably rapid pace

Cars line up at a Sunoco gas station in Delray Beach, Fla., on April 13.Marta Lavandier/The Associated Press The pressures that have kept inflation elevated for months remain strong, fresh data released Wednesday showed, a challenge for households that are trying to shoulder rising expenses and for the White House and Federal Reserve as they …

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Five reasons the market is still falling

Wednesday’s market sell-off is a painful reminder that the catalysts for equity weakness remain in place. There have been five major factors driving markets lower and these all need close attention by investors in the coming weeks. Future profit looking shaky Let’s start with arguably the most underappreciated global market hurdle: the profit outlook outside …

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