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National Business
National Business
North American markets end July strong after a busy week of earnings, Fed decision
TORONTO — North American markets ended the last trading day of July on a high note, with Canada's main stock index up over 200 points and U.S. markets all in the green. The S&P/TSX composite index closed up 236.21 points at 19,692.
Jul 29, 2022 2:33 PM
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Transat gets $100M bailout as debt load mounts despite travel rebound
MONTREAL — Transat AT Inc. has secured another emergency loan from Ottawa as the tour operator struggles to shore up its balance sheet.
Jul 29, 2022 1:36 PM
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Enbridge snaps up stake in West Coast LNG plant as demand surges
Enbridge Inc. has extended its push into liquefied natural gas as global demand soars, scooping up a stake in a proposed LNG project on the West Coast — even as the projected cost of the venture more than tripled.
Jul 29, 2022 1:03 PM
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Tim Hortons offers coffee and doughnut as proposed settlement in class action lawsuit
Tim Hortons has reached a proposed settlement in multiple class action lawsuits alleging the restaurant's mobile app violated customer privacy, which would see the restaurant offer a free coffee and doughnut to affected users.
Jul 29, 2022 11:42 AM
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Imperial Oil CEO says feds' approach to emissions getting 'very aggressive'
CALGARY — Imperial Oil Ltd. CEO Brad Corson said Friday the federal government's strategy to reduce emissions and reach net-zero amounts to overreach from Ottawa.
Jul 29, 2022 11:12 AM
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Auto parts maker Magna posts Q2 loss on China lockdowns, supply chain issues
TORONTO — Magna International Inc. said Friday that COVID-19 lockdowns in China and a stronger U.S. dollar relative to other currencies, particularly the euro, negatively impacted the company's second-quarter results.
Jul 29, 2022 10:11 AM
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'We grew our headcount too quickly': Michele Romanow’s Clearco lays off 25% of staff
Michele Romanow’s startup Clearco is laying off 25 per cent of its workforce and says it is considering “strategic options” for its international operations.
Jul 29, 2022 9:18 AM
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TFI cruises to healthy earnings despite driver shortage, high fuel costs
MONTREAL — TFI International is reporting a major earnings boost in its latest quarter, with revenues up by nearly a third and adjusted profits rising more than three-quarters.
Jul 29, 2022 8:59 AM
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Inflation and wage data suggest US prices will keep climbing
WASHINGTON (AP) — Inflation surged in June and workers' average wages accelerated in the spring — signs that Americans won't likely feel any relief from rising prices anytime soon and that the Federal Reserve will feel compelled to further raise borr
Jul 29, 2022 8:19 AM
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Ottawa posts surplus of $5.3B for first two months of 2022-23 fiscal year
OTTAWA — The federal government posted a surplus of $5.3 billion for the first two months of the 2022-23 fiscal year. In its monthly fiscal monitor report, the Finance Department says the tally compared with a deficit of $23.
Jul 29, 2022 8:07 AM
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