By Ketki Saxena
Investing.com -- The TSX slumped on Wednesday, with falling crude oil prices contributing to the decline of the commodity-heavy index, and tracking Wall Street lower as investors contemplate a further rate hike, and the challenges Congress will now face in passing the debt-ceiling resolution.
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National Bank of Canada (TSX:NA) reported reduced earnings for the second quarter due to increased provisions being set aside.
Glencore (LON:GLEN) Plc is said to be considering enhancing its offer for Teck Resources (TSX:TECKa) and might make an announcement within the next few weeks, as per recent reports.
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Statistics Canada reported that real gross domestic product (GDP) experienced an increase of 0.8% in Q1 after remaining stagnant during the previous quarter.