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Canadian Tire sees 'choppy' consumer demand in latest quarter as cost of living grows
Consumer spending on essentials like grocery, gas and services remains strong but demand for non-essential goods is showing signs of softening, the head of Canadian Tire Corp. said.
Nov 10, 2022 10:21 AM
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Pathways president says industry will be judged on whether it accomplishes its goals
CALGARY — Not that many years ago, the idea of showcasing the Canadian oilsands at an international summit on climate change would have been laughable.
Nov 10, 2022 10:18 AM
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Brookfield reports Q3 profit down, revenue and operating funds from operations up
TORONTO — Brookfield reported its third-quarter profit fell compared with a year ago when it benefited from higher valuation and disposition gains. The alternative asset manager, which keeps its books in U.S.
Nov 10, 2022 9:04 AM
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Tips for first-time homebuyers as affordability in Canada continues to deteriorate
It took three years for Ross Davison and his wife to purchase their first home. The Ottawa couple began looking before the pandemic but were repeatedly sidelined by rapidly rising house prices, climbing interest rates and tougher mortgage rules.
Nov 10, 2022 9:00 AM
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Slightly more Americans apply for jobless benefits last week
WASHINGTON (AP) — The number of Americans applying for jobless benefits rose slightly last week, but the labor market remains healthy despite job cuts that have begun to spread across industries most affected by soaring interest rates, such as housin
Nov 10, 2022 8:02 AM
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Ont. AI sector saw big job gains recently, but won't be unscathed by downturn: report
TORONTO — Research shows Ontario's artificial intelligence industry saw tremendous growth before this year's broader tech downturn materialized, but the sector is unlikely to remain unscathed.
Nov 10, 2022 8:00 AM
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Cascades reports third-quarter loss, sales up from year ago
KINGSEY FALLS, Que. — Cascades Inc. reported a loss in its latest quarter compared with a profit a year ago as its sales rose.
Nov 10, 2022 7:17 AM
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Unions say turnover rate high for new security officers as busy holiday season looms
TORONTO — Unions representing airport security screeners say turnover for new employees is high despite efforts to hire more workers, with as few as one in three recent hires still on the job in some regions.
Nov 10, 2022 3:00 AM
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Facebook parent Meta cuts 11,000 jobs, 13% of workforce
Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday.
Nov 9, 2022 7:12 PM
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Musk seeks to reassure advertisers on Twitter after chaos
Elon Musk sought to reassure big companies that advertise on Twitter on Wednesday that his chaotic takeover of the social media platform won’t harm their brands, acknowledging that some “dumb things” might happen on his way to creating what he says w
Nov 9, 2022 5:29 PM
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