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It’s Thursday, May 28. Here are the top stories we’re following today.
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Canada can capture a $500-billion economic opportunity if it overhauls its policies to mirror those of the United States, says former BlackBerry Ltd. co-chief executive Jim Balsillie.
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Canada’s largest bank topped analysts’ second-quarter earnings expectations on Thursday as it posted higher profits in each of its business segments and kept aside a lower amount of money to tackle potentially bad loans.
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Canadian Imperial Bank of Commerce is selling its Caribbean division for US$1.6-billion in a move that will allow it to “reallocate significant capital” toward growing its North American business, the bank’s chief executive said Thursday.
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The harmonized sales tax break on new homes worth up to $1 million has dramatically narrowed the gap between buying new and buying resale.
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Canada’s financial system remained resilient despite United States tariffs and trade uncertainty, but a highly volatile global situation could cause a sharp drop in investor confidence, says the Bank of Canada.
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