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TSX, Wall Street opens higher ahead of speech by Fed chairman Ben Bernanke

TORONTO - All eyes are on Fed chairman Ben Bernanke, looking for clues about when the U.S. Federal Reserve might begin to pull back its aggressive monetary stimulus policy.

Senate expense scandal makes for awkward South America visit by Harper

LIMA, Peru - The Senate expenses scandal is turning Prime Minister Stephen Harper's visit to South America into an awkward communications exercise.

Judge in Italy orders trial for captain in shipwreck of Costa Concordia, which killed 32

ROME - An Italian judge has ordered the captain of the Costa Concordia cruise ship to stand trial for manslaughter in the vessel's shipwreck off the coast of Tuscany, which killed 32 people.

Target's 1st-qtr profit drops 26 pct on weak sales as weather, financial pressures take toll

NEW YORK, N.Y. - Target Corp. reported a 26 per cent drop in first-quarter profit as cool temperatures and financial pressures limited customers' appetite for spending.

Harper test-drives new 'extractive industries' approach to aid in Peru

LIMA, Peru - The Senate expenses scandal is turning Prime Minister Stephen Harper's visit to South America into an awkward communications exercise.

Loonie heads lower ahead of speech by U.S. Federal Reserve chairman Ben Bernanke

TORONTO - The Canadian dollar was lower Wednesday as traders waited for a key statement from U.S. Federal Reserve chairman Ben Bernanke that has the potential to alter exchange rates.

Retail sales flat in March at $39.5B: Statistics Canada

OTTAWA - Statistics Canada says retail sales were flat in March, holding at $39.5 billion.

Wall Street headed for a solid open ahead of speech by Ben Bernanke

TORONTO - All attention will be focused on U.S. Federal Reserve chairman Ben Bernanke for any indication on whether the central bank plans to change its policy of aggressive monetary stimulus for the world's largest economy.

Paying bills and consumer consumption hurting Canadians' ability to save: study

MONTREAL - Almost a third of Canadian households report never or almost never having any money left to save after paying their bills, according to a new study issued Wednesday.

Homebuying intentions remain relatively strong, says bank survey

TORONTO - A new report suggests nearly half of Canadian homeowners intend to buy a property in the next five years, despite a cooling off in the housing market.

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