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Profits in 15 sectors, including oil and gas, driving bulk of inflation: report
A new report by the Centre for Future Work found that growth in corporate profits this year compared to pre-pandemic has been concentrated in a small number of sectors where consumer prices have also risen the fastest.
Dec 2, 2022 2:00 AM
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Asian shares sink on revived worries over recession, China
BANGKOK (AP) — Shares retreated in Asia on Friday after a mixed day on Wall Street as optimism over signs the Federal Reserve may temper its aggressive interest rate hikes was replaced by worries the economy might be headed for a recession. A U.S.
Dec 1, 2022 10:33 PM
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Royals tour US green tech incubator, meet at-risk youth
BOSTON (AP) — The Prince and Princess of Wales on Thursday heard about solar-powered autonomous boats and low-carbon cement at a green technology startup incubator in suburban Boston before learning how a nonprofit gives young people the tools to sta
Dec 1, 2022 7:00 PM
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B.C.'s Medical Services Commission accuses Telus LifePlus program of extra-billing
VANCOUVER — British Columbia's Medical Services Commission has applied for a court injunction against a Telus Health program alleging it is extra-billing for health services. In documents filed in the B.C.
Dec 1, 2022 6:57 PM
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Final witnesses speak during hearing on Rogers, Shaw $26-billion proposed deal
OTTAWA — Canada's competition watchdog heard from its final group of witnesses Thursday at the hearing meant to debate the Rogers Communications Inc.'s $26-billion proposed takeover of Shaw Communications Inc.
Dec 1, 2022 3:13 PM
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Volkswagen searching in Canada for first North American battery factory site
OTTAWA — Volkswagen AG has started searching in Canada for the site of its first battery factory in North America.
Dec 1, 2022 3:06 PM
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Amazon CEO says company won't take down antisemitic film
NEW YORK (AP) — Amazon CEO Andy Jassy said Wednesday the company does not have plans to stop selling the antisemitic film that gained notoriety recently after Brooklyn Nets guard Kyrie Irving tweeted out an Amazon link to it.
Dec 1, 2022 2:56 PM
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S&P/TSX composite up 70 points, U.S. markets mixed but keep Wednesday gains
TORONTO — Canada's main stock index closed up around 70 points Thursday, with mixed results across sectors, while U.S. markets largely held on to the outsized gains they made the day before.
Dec 1, 2022 2:49 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,525.45, up 72.19): Suncor Energy Inc. (TSX:SU). Energy. Down $1.06, or 2.40 per cent, to $43.17 on 11.9 million shares.
Dec 1, 2022 2:39 PM
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Senate moves to avert rail strike amid dire warnings
WASHINGTON (AP) — The Senate moved quickly Thursday to avert a rail strike that the Biden administration and business leaders warned would have had devastating consequences for the nation's economy.
Dec 1, 2022 2:17 PM
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