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Spin Master raises 2022 guidance after Q1 sales increase 34 per cent, profits surge

Spin Master raises 2022 guidance after Q1 sales increase 34 per cent, profits surge

TORONTO — Toymaker Spin Master Inc. is increasing its revenue guidance for 2022 after sales increased 34 per cent in its latest quarter, causing profits to surge more than tenfold. The Toronto-based company, which reports in U.S.
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 Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,184.95, up 279.67 points.) Athabasca Oil Corp. (TSX:ATH). Energy. Down 10 cents, or 3.6 per cent, to $2.66 on 19.1 million shares.
Fed raises key rate by a half-point in bid to tame inflation

Fed raises key rate by a half-point in bid to tame inflation

WASHINGTON (AP) — The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark interest rate by a half-percentage point Wednesday — its most aggressive move since 2000 — and signaling further large rate h
Gildan smashes through expectations with record Q1 sales and profits up nearly 50%

Gildan smashes through expectations with record Q1 sales and profits up nearly 50%

MONTREAL — Gildan Activewear Inc. smashed through expectations as its net profit soared nearly 50 per cent in its latest quarter on record revenue due to stronger demand in North America.
North American stock markets surge after Fed says even larger rate hike not on table

North American stock markets surge after Fed says even larger rate hike not on table

TORONTO — North American stock markets surged Wednesday afternoon after the U.S. Federal Reserve announced its largest interest rate hike in 22 years but extinguished fears of even bigger increases to come. The U.S.
Canadian shoppers shift to discount stores, No Name brand amid high inflation: Loblaw

Canadian shoppers shift to discount stores, No Name brand amid high inflation: Loblaw

Canada's big three grocers say rising food prices are shaping shopping habits, with Loblaw Companies Ltd. the latest to offer insight into how people are saving money on their grocery bill amid soaring inflation.
Montreal home sales down 17% in April: Quebec brokers association

Montreal home sales down 17% in April: Quebec brokers association

MONTREAL — A Quebec real estate organization says last month's Montreal home sales dropped by 17 per cent since last year, making it the least active April the market has seen since 2017.
Shares in Iamgold fall after it says Côté Gold project to cost more than expected

Shares in Iamgold fall after it says Côté Gold project to cost more than expected

TORONTO — Shares in Iamgold Corp. were down more than 25 per cent in afternoon trading after the company warned its Côté Gold project will cost more than expected.
Sections of B.C. LNG line complete, partnership on disputed portion: Coastal GasLink

Sections of B.C. LNG line complete, partnership on disputed portion: Coastal GasLink

VANCOUVER — The company behind the Coastal GasLink liquefied natural gas pipeline across northern British Columbia says it is nearing 65 per cent overall completion of the project.
Canada posts $2.5B trade surplus for March as imports and exports hit record highs

Canada posts $2.5B trade surplus for March as imports and exports hit record highs

OTTAWA — Canada posted a $2.5-billion merchandise trade surplus for March as both imports and exports climbed to record highs, Statistics Canada said Wednesday. The result compared with a revised surplus of $3.