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National Business

Inflation pressures remain persistent as consumers pull back

Inflation pressures remain persistent as consumers pull back

WASHINGTON (AP) — Key measures of prices and wages remained high in March, keeping the Federal Reserve on track to raise interest rates next week for the 10th time since March of last year in its drive to defeat high inflation.
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TC Energy says 'multiple' asset sale negotiations underway in $5B divestment process

TC Energy says 'multiple' asset sale negotiations underway in $5B divestment process

CALGARY — TC Energy Corp.
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Couche-Tard signs deal for 112 gas station and convenience store sites in U.S.

Couche-Tard signs deal for 112 gas station and convenience store sites in U.S.

LAVAL, Que. — Alimentation Couche-Tard Inc. has signed a deal to buy 112 gas station and convenience store sites in the United States from MAPCO Express Inc. Financial terms of the agreement were not immediately available.
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BBC chief quits amid furor over role in Boris Johnson loan

BBC chief quits amid furor over role in Boris Johnson loan

LONDON (AP) — The chairman of the BBC quit Friday after a report found he failed to disclose a potential conflict of interest over his role in arranging a 2021 loan for Boris Johnson, who was the U.K.'s prime minister at the time.
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In New York, Trudeau gets grilled about Canada's commitment to humanitarian aid

In New York, Trudeau gets grilled about Canada's commitment to humanitarian aid

NEW YORK — Prime Minister Justin Trudeau faced pointed questions about his government's cuts to foreign aid spending Thursday at a star-spangled conference meant to showcase his credentials as an international agent of change.
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TotalEnergies sells Canadian operations to Suncor in deal worth up to $6.1B

TotalEnergies sells Canadian operations to Suncor in deal worth up to $6.1B

CALGARY — The ongoing trend of foreign exits and Canadian consolidation in Alberta's oilsands continued Thursday, as Suncor Energy Inc. announced it will purchase TotalEnergies' stake in the Fort Hills oilsands project in a deal worth up to $6.
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Montreal port CEO says need for federal cash 'urgent' as expansion cost balloons

Montreal port CEO says need for federal cash 'urgent' as expansion cost balloons

MONTREAL — The cost of the Montreal port expansion has ballooned by nearly 50 per cent, prompting its CEO to call for more cash from the federal government.
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S&P/TSX composite rises more than 150 points, U.S. markets post strong gains

S&P/TSX composite rises more than 150 points, U.S. markets post strong gains

TORONTO — Canada's main stock index rose more than 150 points with broad-based gains led by financials, health care and metals, while U.S. markets posted strong gains as tech stocks continued to impress during earnings season.
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Most actively traded companies on the Toronto Stock Exchange

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 (20,522.64, up 155.92): Enbridge Inc. (TSX:ENB). Energy. Up five cents, or 0.09 per cent, to $53.43 on 10.9 million shares.
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Glencore willing to take Teck Resources bid directly to shareholders

Glencore willing to take Teck Resources bid directly to shareholders

Swiss commodities giant Glencore said it is willing to present its takeover offer directly to shareholders of Teck Resources Ltd. if the company's board does not come to the negotiating table regarding its unsolicited proposal.
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