TSX flat as U S markets slip led by Nasdaq drop
Toronto's main index steadies with minor loss while U S equities fall. Apple weakens in China, dragging tech along with Microsoft and Tesla. Dow falls 404.64, S&P 500 down 52.30, Nasdaq off 267.92 as Powell testimony awaited and Canadian rate decision due. Bitcoin hits a new high then pulls back.
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Just for Laughs festival cancels as bankruptcy protection filed
Groupe Juste pour rire Inc. seeks protection under Canada's Bankruptcy and Insolvency Act and will cancel English and French festivals this summer in Montreal. The company plans a scaled down format and aims to return in 2025. About 75 employees, roughly 70 percent, were laid off.
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Flair Eyes Lynx Max 8s After Merger Collapse
Flair Airlines chief executive Stephen Jones says he hopes to add several Boeing 737 Max 8s from Lynx Air to Flair's 20-jet fleet. Court filings warn that Lynx's assets sale could be anti competitive if Flair is barred from bidding.
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Just for Laughs festival faces cancellations and investor search
The Just for Laughs festival group says refunds are available for some ticket buyers as several upcoming Groupe Juste pour rive performances in Quebec are canceled. The company, partly owned by Bell and Evenko, seeks new investors or buyers to preserve operations while noting international events in Toronto and Austin are unaffected.
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