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Canadian Market In Positive Territory As Investors React To Earnings

The Canadian market got off to a slightly positive start and moved further up in early trades Friday morning thanks to gains in energy and technology stocks. Optimism about an interest rate cut by the Federal Reserve in June, and higher crude oil and gold prices are aiding sentiment.

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Hyundai Motor America February Total Sales Up 6%

Hyundai Motor America reported Friday that it sold a total of 69,341 units in the month of February, up 6 percent from last year's 57,044 units, driven by best ever February total sales record for Tucson, Tucson HEV, Tucson PHEV, Kona EV and Palisade.

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Competition Bureau Canada Expands Probe Into Google's Advertising Practices

Competition Bureau Canada announced Friday that the court has allowed it to expand its ongoing investigations into the online advertising practices of Alphabet Inc.'s Google in Canada. The Bureau has been investigating Google since October 2021 on whether the search giant engaged in certain practices that harm competition in the online display advertising industry in Canada.

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NaaS Technology Partners Geely Auto To Provide Enhanced EV Charging Services

NaaS Technology, Inc. (NAAS), the first US listed EV charging service company in China, announced Friday a partnership with Geely Holding Group Automobile Sales Co., Ltd., whereby the two parties will, through cooperation in connectivity of charging facilities, station data, payment service and plug and charge, facilitate Geely Auto to further improve charging service network and ease charging of Geely EVs.

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Bay Street Seen Opening Higher On Firm Commodity Prices

The Canadian market is likely to open with a positive bias Friday morning thanks to higher crude oil and bullion prices. Once again, activity is likely to remain stock specific as investors are likely to react to a slew of earnings updates from Canadian companies.

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Eurozone Inflation Impedes Prospects Of Early Rate Cut

Eurozone inflation softened to a three-month low in February, while underlying price pressures remained high, strengthening the chances of the European Central Bank delaying its first interest rate cut. The harmonized index of consumer prices, or HICP, rose 2.6 percent annually after rising 2.8 percent in January, flash data from Eurostat showed on Friday.

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Krispy Kreme Offering Two Free Original Glazed Doughnuts On Super TWOsday, March 5

Krispy Kreme, Inc. (DNUT) announced Friday a special offer for doughnuts as it celebrates what it called "Doughmocracy" on Super TWOsday, March 5, to encourage everyone to vote.

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Swiss Franc Falls As European Shares Traded Higher

The Swiss franc weakened against other major currencies in the European session on Friday, as investor sentiment boosted after January U.S. inflation data reinforced expectations for a June cut to interest rates.

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Eurozone Manufacturing Shrinks Further

The euro area manufacturing activity continued to shrink in February but the pace of contraction was moderate, final data from the purchasing managers' survey by S&P Global showed Friday. The HCOB manufacturing Purchasing Managers' Index, or PMI, fell slightly to 46.5 from January's 10-month high of 46.6.

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Tesla Superchargers Are Open To Ford EVs

Owners of Ford Motor Co. electric vehicles can now use Tesla Superchargers, Ford chief executive Jim Farley announced. Under the charging partnership between the auto majors, which involves use of fast-charging adapters, the option to use Tesla's thousands of superchargers were opened on Thursday, with Ford being the first user.

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