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National Business
National Business
Canada under pressure to produce more food, protect agricultural land: report
Canada’s agricultural land is under increasing pressure to produce more food as demand grows domestically and internationally, while the industry grapples with limited resources and environmental constraints, a new report found.
Jun 8, 2023 9:00 AM
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Retailer Roots reports $8M Q1 loss, sales down from year ago
TORONTO — Roots Corp. reported a first-quarter loss of $8 million compared with a loss of $5.3 million a year earlier, as its sales edged down on lower demand for its popular sweatpants.
Jun 8, 2023 8:16 AM
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Europe's economy shrank. For households that are hurting, it's just numbers
LONDON (AP) — The European economy contracted slightly at the end of last year and beginning of 2023, revised figures showed Thursday, underlining the impact of the loss of Russian natural gas and high inflation on consumer spending.
Jun 8, 2023 7:29 AM
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Stantec buying Chicago-based engineering firm Environmental Systems Design
EDMONTON — Stantec Inc. has signed a deal to buy Chicago-based engineering firm Environmental Systems Design Inc. (ESD). Financial terms of the agreement were not disclosed.
Jun 8, 2023 7:10 AM
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Irving Oil reviewing strategic options including possible sale
Irving Oil said Wednesday that a strategic review of the company is underway and that it is looking at a series of options about its future, including a possible sale of the business.
Jun 7, 2023 6:33 PM
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Four directors step down from Indigo board, Reisman also leaving in August
Nearly half the board of Indigo Books and Music Inc. is stepping down — including founder and executive chair Heather Reisman — in a stunning announcement that saw one director allege poor leadership and treatment.
Jun 7, 2023 5:35 PM
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Canadian Pacific guilty of contempt of court around long work shifts
A Federal Court judge has found Canadian Pacific Kansas City Ltd. guilty of contempt of court for employees working excessively long hours.
Jun 7, 2023 5:30 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,983.69, down 71.91): Suncor Energy Inc. (TSX:SU). Energy. Up 70 cents, or 1.76 per cent, to $40.49 on 14.3 million shares.
Jun 7, 2023 5:08 PM
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S&P/TSX composite down Wednesday, U.S. stock markets mixed
TORONTO — Canada's main stock index moved lower Wednesday as the market digested an interest rate hike by the Bank of Canada, while U.S. markets were mixed. The Bank of Canada hiked its key interest rate by a quarter of a percentage point to 4.
Jun 7, 2023 4:44 PM
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CNN ousts CEO Chris Licht after a brief, tumultuous tenure
NEW YORK (AP) — CNN ousted chief executive Chris Licht after a tumultuous year leading the struggling news network that culminated in a damning magazine profile and the realization that he’d lost the confidence of the network's journalists.
Jun 7, 2023 4:31 PM
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