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S&P/TSX composite posts small gain, U.S. markets mixed
TORONTO — Strength in the energy, utility and industrial sectors helped Canada's main stock post a small gain Tuesday despite weakness in metals, while U.S. markets were mixed. The S&P/TSX composite index was up 67.13 points at 20,457.46.
Jan 17, 2023 5:03 PM
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Food inflation remains stubbornly high despite efforts to quell inflation
TORONTO — Food inflation outpaced overall inflation for months, with grocery prices hitting double-digit increases in 2022, and economists say it will take longer to subside than overall inflation.
Jan 17, 2023 4:46 PM
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Lawyer for ex-OPSEU president says union's allegations untrue
TORONTO — A lawyer for the former president of the Ontario Public Service Employees Union says allegations of financial improprieties in a lawsuit launched by the union are untrue.
Jan 17, 2023 4:31 PM
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Stocks close mixed on Wall Street in uneven trading
NEW YORK — Major U.S. indexes closed mixed on Wall Street at the beginning of a holiday-shortened, but earnings-heavy week. The S&P 500 fell 0.2% Tuesday and the Nasdaq edged up 0.1%. The Dow Jones Industrial Average fell 1.
Jan 17, 2023 4:13 PM
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Bombardier says 2022 revenue hit US$6.9B, cash flow US$735M in preliminary results
MONTREAL — Bombardier is set to beat its own financial results expectations for 2022, the company said Tuesday as it released preliminary results.
Jan 17, 2023 3:38 PM
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Despite inflation slowing in December, Bank of Canada still expected to hike rates
OTTAWA — Canada's annual inflation rate slowed last month but economists are still expecting the Bank of Canada to hike its key interest rate next week.
Jan 17, 2023 2:39 PM
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At Davos, Ukraine's first lady urges support for her nation
DAVOS, Switzerland (AP) — Ukraine’s first lady on Tuesday pressed world leaders and corporate executives at the World Economic Forum’s annual gathering to do more to help her country at a time when Russia's invasion is leaving children dying and the
Jan 17, 2023 1:53 PM
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E-commerce company Lightspeed cutting about 300 jobs
Lightspeed Commerce Inc. is cutting about 300 jobs as part of a reorganization meant to unify a slew of companies it bought in recent years.
Jan 17, 2023 1:30 PM
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Barrick reports 2022 gold production below its guidance for the year
TORONTO — Barrick Gold Corp. says its gold production for 2022 came in below its guidance for the year. The company says it produced 4.14 million ounces of gold based on preliminary figures for the year compared with earlier guidance for 4.
Jan 17, 2023 11:21 AM
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Experts weigh in on whether younger generations need life insurance
Life insurance may not be top of mind for many young Canadians, but experts say age shouldn't be the deciding factor in getting such coverage. According to insurance tech company Zelros, younger people across Canada, the U.S.
Jan 17, 2023 10:30 AM
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