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Maple Leaf stock drops on disappointing results as economic challenges weigh
MISSISSAUGA, Ont. — Maple Leaf Foods Inc. saw its share price drop as much as 18 per cent on the Toronto Stock Exchange after it said challenges in labour markets, supply chains and inflation pushed it to a net loss for the second quarter.
Aug 4, 2022 4:11 PM
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Sun Life Financial sells Sun Life U.K. business for $385 million
TORONTO — Sun Life Financial Inc. has reached a deal to sell a U.K.-based division of the company to Phoenix Group Holdings PLC for about $385 million as part of a shift to make the company more nimble.
Aug 4, 2022 3:32 PM
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Proposed emissions cap on oil and gas sector overly ambitious': CNRL
CALGARY — The head of Canada's largest oil-and-gas producing company criticized the federal government's proposed emissions cap for the energy sector Thursday, arguing environmental goals must be balanced with economic and energy security concerns.
Aug 4, 2022 3:11 PM
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Tim Hortons sales above pre-pandemic levels as parent company reports sales grew 14%
TORONTO — The CEO of Tim Hortons' parent company says the quick service chain generated sales in its latest quarter above pre-pandemic levels for the first time since the onset of COVID-19, but the business is still being affected by a slower return
Aug 4, 2022 3:01 PM
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Lightspeed preps for shift in economy after Q1 net loss doubled from last year
The CEO of software company Lightspeed Commerce. Inc. says his business has benefited from a return to pre-pandemic activities and shopping habits following COVID-19 restrictions, but he's still watching for a potential downturn.
Aug 4, 2022 1:54 PM
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Bank of England predicts recession at the end of the year
LONDON (AP) — The Bank of England announced its biggest interest rate increase in 27 years on Thursday as it forecast that the war in Ukraine would fuel further inflation and tip the U.K. economy into a prolonged recession.
Aug 4, 2022 1:33 PM
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Montreal home sales down 18% from last July: Quebec real estate association
MONTREAL — The Quebec Professional Association of Real Estate Brokers says Montreal sales in July fell by 18 per cent last year, with the plexes category alone seeing a 38 per cent drop.
Aug 4, 2022 12:55 PM
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Cheap date? Finding 'the one' on a budget when everything costs more
TORONTO — Like everything else these days,dating is getting more expensive. And while 30-year-old Kasi Johnston hasn't ghosted anyone over a pricey menu item, finding a partner is definitely taking a bigger-than-usual bite out of her finances.
Aug 4, 2022 12:14 PM
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BCE Inc. CEO confident company can handle network disruptions when they arise
The head of BCE Inc. looked to assure investors Thursday that the company's network is designed to avoid the kind of mass outage that recently hit Rogers Communications Inc.
Aug 4, 2022 11:54 AM
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Bombardier posts loss in second quarter, boosts guidance on free cash flow
MONTREAL — Bombardier Inc. is posting a second-quarter loss but has raised its 2022 full-year guidance on free cash flow. The business jet maker, which keeps its books in U.S.
Aug 4, 2022 11:40 AM
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