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National Business

Here's a quick glance at unemployment rates for January, by Canadian city

Here's a quick glance at unemployment rates for January, by Canadian city

OTTAWA — The national unemployment rate rose to 6.5 per cent in January. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities.
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Kenney to announce next week the date Alberta will end its COVID-19 vaccine passport

Kenney to announce next week the date Alberta will end its COVID-19 vaccine passport

EDMONTON — Premier Jason Kenney says his government will announce next week a date to end Alberta's COVID-19 vaccine passport, with the actual cancellation coming soon after that.
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Asian shares shrug off tech-led selloff on Wall Street

Asian shares shrug off tech-led selloff on Wall Street

BANGKOK (AP) — Asian shares were mostly higher Friday after a historic plunge in the stock price of Facebook’s parent company helped yank other tech stocks lower on Wall Street. Hong Kong jumped 2.6% after reopening from Lunar New Year holidays.
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Interfor caps off blockbuster year on a sour note as fourth-quarter profit plunges

Interfor caps off blockbuster year on a sour note as fourth-quarter profit plunges

BURNABY, B.C. — Interfor Corp. is reporting a near tripling in profits last year despite a weaker fourth quarter in which net earnings were cut by more than half. The Burnaby, B.C., lumber producer says it earned $819 million or $12.
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Amazon reports strong 4Q results despite supply chain snags

Amazon reports strong 4Q results despite supply chain snags

NEW YORK — Amazon's profits in the fourth quarter nearly doubled, beating analysts' expectations, even as the online behemoth continues to contend with surging costs tied to a snarled supply chain and labour shortages.
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Lightspeed on track to meet profitability targets, despite share slump: new CEO

Lightspeed on track to meet profitability targets, despite share slump: new CEO

Lightspeed Commerce Inc.'s new chief executive is insisting the company is on track to meet its growth and profitability targets after just one day in the top job.
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OpenText raises full-year guidance after swinging to US$88.3 million Q2 profit

OpenText raises full-year guidance after swinging to US$88.3 million Q2 profit

WATERLOO, ONT. — OpenText Corp. is raising its fiscal 2022 guidance after swinging to a US$88.3 million profit attributable to shareholders in its latest quarter on a 2.5 per cent increase in revenues. The Waterloo, Ont.
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Facebook weakness ripples across tech sector, punishes North American stock markets

Facebook weakness ripples across tech sector, punishes North American stock markets

TORONTO — A big earnings miss from Facebook's parent company rippled across the technology sector as Canadian and U.S. stock markets fell for the first time in five days even as crude oil surpassed US$90 a barrel for the first time since 2014.
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Toronto home sales fell 18% in Jan. as prices climbed and listings dropped: board

Toronto home sales fell 18% in Jan. as prices climbed and listings dropped: board

TORONTO — Greater Toronto Area home sales tumbled as fewer properties were listed and market conditions tightened last month, weighing on the regional real estate board’s sales forecasts for the year, but not dampening its price predictions.
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BCE raises quarterly dividend as results nearly recover from COVID-19 pandemic

BCE raises quarterly dividend as results nearly recover from COVID-19 pandemic

BCE Inc. is raising its quarterly dividend 5.1 per cent as it reported financial results that show it has almost fully recovered from the impacts of the COVID-19 pandemic.
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