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RBC grows first-quarter profit by 24 per cent to $3.03 billion; revenue up

TORONTO — Royal Bank of Canada (TSX:RY), the country's largest lender, reported stronger-than-expected first-quarter results Friday on the back of solid earnings from its Canadian banking, wealth management and capital markets businesses.
Egyptians bear down under worst inflation in a decade

Egyptians bear down under worst inflation in a decade

CAIRO — Egyptians are bearing down under their worst inflation in a decade, cutting spending as much as possible as prices surge on basic food items, transport, housing, and even some essential medicines.

Cleanup of oil spill in Saskatchewan cost $107 million, Husky Energy says

CALGARY — Husky Energy says efforts to clean up a major oil pipeline spill last year in Saskatchewan have cost $107 million.
Dakota Access oil pipeline could be operating within weeks

Dakota Access oil pipeline could be operating within weeks

CANNON BALL, N.D. — Oil could be flowing through the $3.

Markets Right Now: Stocks move lower on Wall Street

NEW YORK — The latest on developments in financial markets (All times local): 11:45 a.m. Stocks are moving lower in midday trading on Wall Street, led by declines in banks and energy companies.

Caisse de depot earns 7.6-per-cent return in 2016 as assets grow to $270.7 billion

MONTREAL — La Caisse de depot said Friday it earned a 7.6 per cent return on investments last year, driven by the recovery in oil and commodity prices. Net assets grew to $270.7 billion as of Dec.

North American stock markets pull back amid batch of corporate earnings

TORONTO — Stock markets in Toronto and New York settled into negative territory this morning as investors took in another batch of corporate earnings. The Toronto Stock Exchange's S&P/TSX composite index lost 167.
Greece's Tsipras: the era of austerity is over

Greece's Tsipras: the era of austerity is over

ATHENS, Greece — Greece's era of austerity is over, Greek Prime Minister Alexis Tsipras claimed Friday, as he painted a positive picture of the reforms his government has agreed to take after the bailout program ends in 2018.
US stocks slump as banks and technology companies fall

US stocks slump as banks and technology companies fall

NEW YORK — U.S. stocks are falling Friday morning as investors again look for safer places to put their money. Business technology company Hewlett Packard Enterprises is falling after it announced weak sales.

MacDonald, Dettwiler to buy satellite imaging company DigitalGlobe in $4.7-billion deal

VANCOUVER — Canada's leader in space technology, MacDonald, Dettwiler and Associates Ltd. (TSX:MDA), will buy Colorado-based DigitalGlobe, Inc. in a friendly deal valued at about $4.7 billion (US$3.6 billion), including debt.