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MARKETS LIVE BLOG:

STOCKS TRADE LOWER WITH FED IN FOCUS, AMAZON EARNINGS ON DECK

Prospect of rate cuts has fallen dramatically since the start of 2024, helping drive up Treasury yields

Stocks in play: Canadian Utilities Limited

Baystreet.ca

Today announced that its Board of Directors has determined to make a proposal to the holders of Class B common shares other than ATCO Ltd. and certain of its related parties. Subject to the approval of holders of Class B Shares, the transaction will be effected by way of a court-approved plan of arrangement under the Canada Business Corporations Act. Canadian Utilities Limited shares T.CU are trading unchanged at $29.80.

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