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Royal Bank CEO brushes off housing worries as profits jump amid loan growth

Royal Bank CEO brushes off housing worries as profits jump amid loan growth

Royal Bank of Canada saw a big bump in profits last quarter, propelled by loan growth and higher interest rates at its personal and commercial banking business that defied the housing slump.
Asian, Asian American heroes to power Marvel comics series

Asian, Asian American heroes to power Marvel comics series

Asian superheroes — assemble. Marvel Comics is giving ink to an unprecedented team-up of its mightiest Asian and Asian American heroes, also known as the new Agents of Atlas.
Shell Quest carbon capture and storage project reaches milestone of 4M tonnes

Shell Quest carbon capture and storage project reaches milestone of 4M tonnes

CALGARY — Shell Canada says the Quest carbon capture and storage project north of Edmonton has reached the milestone of four million tonnes of stored carbon dioxide, equivalent to the annual emissions of about one million cars.
Cape Breton coal mine to reopen rock face where small methane fire broke out

Cape Breton coal mine to reopen rock face where small methane fire broke out

DONKIN, N.S. — Nova Scotia's Labour Department has lifted a stop-work order imposed on a Cape Breton coal mine after a methane fire broke out Tuesday afternoon on one rock face.
US new-home sales fell 6.9% in April

US new-home sales fell 6.9% in April

WASHINGTON — Sales of new U.S. homes sank 6.9% in April, driven by a decline in the sale of homes worth less than $300,000 that are generally bought by middle class and first-time buyers.
Donor-advised fund can be used to establish charitable legacy, experts say

Donor-advised fund can be used to establish charitable legacy, experts say

OTTAWA — Millions of Canadians dig into their wallets and donate to charities every year, but if you want to build a lasting charitable legacy, experts say a donor-advised fund might be for you.
Wholesale trade climbs 1.4 per cent to $64.1B in March, beats expectations

Wholesale trade climbs 1.4 per cent to $64.1B in March, beats expectations

OTTAWA — Statistics Canada says wholesale sales rose 1.4 per cent to $64.1 billion in March. Economists had expected an increase of 0.9 per cent, according to Thomson Reuters Eikon.

United CEO vows to be aboard 737 Max when its cleared to fly

CHICAGO — CEO Oscar Munoz says he will be aboard United Airlines' first flight of a Boeing 737 Max once regulators agree to let the aircraft fly again. Munoz made the promise after Chicago-based United's annual meeting with shareholders Wednesday.

Postmedia invests in The Logic's subscription-based digital news service

TORONTO — Postmedia Network Inc. plans to buy a minority stake in The Logic Inc. — a digital-only Canadian media outlet with a mandate to break tech-focused news through investigative journalism, the two companies announced Wednesday.
TSX falls on declines among three of its most influential sectors, trade angst

TSX falls on declines among three of its most influential sectors, trade angst

TORONTO — Canada's main stock index fell Wednesday on declines in three of its most influential sectors and ongoing concerns about the trade dispute between the U.S. and China. The S&P/TSX composite index closed down 99.12 points at 16,327.