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Smith faces a slew of financial challenges in Alberta after election victory

After faltering about a decade ago in her ambitions to lead the Wildrose Party to power in Alberta, Danielle Smith found redemption on Monday night as leader of the United Conservative Party with a majority victory in the provincial election. Smith became premier in October after winning the UCP leadership vote in the wake of

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Visa and MasterCard agreed to lower the average credit card interchange fee below 1%

The government has announced new details of an agreement with Visa and MasterCard that will see them lower the amount that they charge retailers when a customer pays for a purchase with a credit card. Known as so-called interchange fees, they have long irritated merchants by allowing the credit card company to keep a percentage

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How Ryan Reynolds became Canada’s unlikeliest business mogul

UPDATE: After this story was originally published, Wrexham Football Club — which Ryan Reynolds and actor Rob McElhenney bought in 2021 — qualified for the fourth tier of the English football league system. The business of Ryan Reynolds is booming. He bought into Montreal payment technology company Nuvei this week. He recently sold Mint Mobile

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NPR quits Elon Musk’s Twitter over ‘government-funded’ label – Business News

Photo: The Canadian Press National Public Radio is quitting Twitter after the social media platform owned by Elon Musk stamped NPR’s main account with labels the news organization says undermine its credibility. Twitter labeled NPR’s main account last week as “state-affiliated media,” a label also used to identify media outlets that are controlled or heavily

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Tesla sales rise 36% in first quarter, following price cuts – Business News

Tesla sales rise 36% Tom Krisher, The Associated Press- Apr 2, 2023 / 9:47 am | Stories: 419217 Photo: The Canadian Press Tesla’s first-quarter vehicle sales rose 36% after the company cut prices twice in a bid to stimulate demand. The electric car, SUV and heavy truck maker said it delivered 422,875 vehicles worldwide from

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Fed raises key rate by quarter-point despite bank turmoil – Business News

Photo: The Canadian Press File – Federal Reserve chair Jerome Powell speaks during a news conference, Wednesday, Feb. 1, 2023, at the Federal Reserve Board in Washington. With inflation still high and anxieties gripping the banking industry, the Federal Reserve and its chair, Jerome Powell, will face a complicated task at their latest policy meeting

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