Stock Market

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Canada’s Main Stock Index Soars Over 200 Points, Boosted by Shopify’s 20% Surge

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Overview of the Market Rally Canada’s primary stock index experienced a remarkable surge, climbing over 200 points, a testament to the prevailing positive sentiment in the market. A key contributor to this significant uptick was the robust performance of Shopify, whose shares soared by an astounding 20%. This notable increase in the stock index is […]

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Canadian Stocks Drop in Catch-Up Trade After Global Selloff

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Overview of Global Selloff In recent weeks, global financial markets have experienced pronounced volatility, spurred by a confluence of macroeconomic factors. Central bank rate hikes, led by the U.S. Federal Reserve’s aggressive stance to counteract soaring inflation, have reverberated across global economies. The Federal Reserve’s decision to raise interest rates has had a cascading effect,

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Intel Announces Major Cost-Cutting Plan

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Intel, a leading chipmaker, announced a significant cost-cutting plan following its disappointing second-quarter earnings report. The company revealed plans to cut 15% of its workforce and suspend dividend payments as part of a $10 billion cost reduction strategy. Intel’s stock plummeted more than 16% after the announcement. The company reported earnings per share (EPS) of

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