Business Matters: National Bank offers to buy Canadian Western Bank in $5B dealCanada’s main stock index lost 1.2 per cent on Thursday, weighed down by losses in the energy, financial and base metal sectors, while U.S. markets were mixed.In New York, the Dow Jones industrial average was down 65.11 points at 38,647.10. The S&P 500 index was up 12.71 points at 5,433.74, while the Nasdaq composite was up 59.13 points at 17,667.56.
The economic data puts a second interest rate cut in the U.S. this year back on the table, said Allan Small, senior investment adviser at iA Private Wealth. “The Fed made no comment about a rate cut any time soon,” he said. “I think it’s just going to depend on how quickly, if at all, the U.S. economy deteriorates.”Phase one of building small nuclear reactor in Ontario is complete: energy ministerParents, grandparents of missing 8-month-old arrested as search continues
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