Canada’s Toronto-Dominion Bank Group on Thursday called off its $13.4 billion takeover of First Horizon Corp., triggering a near 40 percent fall in the U.S. regional bank’s shares. First Horizon and TD said in a statement they had mutually decided to end the deal because there was no clarity on when they would get regulatory…
Bank of Canada Survey Suggests Businesses, Consumers Expect High Inflation for Longer
OTTAWA—Canada’s central bank says businesses and consumers are increasingly convinced that the pace of price increases will continue for the foreseeable future. The Bank of Canada said Monday that its pair of quarterly surveys of businesses and consumers show respondents expect the annual rate of inflation to remain above the Bank of Canada’s two percent…
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