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Canada Goose sees $85M net loss in Q1 as it opens more international stores

Canada Goose sees $85M net loss in Q1 as it opens more international stores

TORONTO — Canada Goose Holdings Inc. says its most recent quarter delivered an $85 million net loss as it opened a handful of new international stores.
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Bank of England raises its key interest rate to a new 15-year high to fight inflation

Bank of England raises its key interest rate to a new 15-year high to fight inflation

LONDON (AP) — The Bank of England raised its main interest rate Thursday to a fresh 15-year high as it tries to bring down persistently high inflation, poised to bring more pain to people who are seeing rents and mortgages rise during a cost-of-livin
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Shopify optimistic about 'new shape' of business following layoff, AI announcements

Shopify optimistic about 'new shape' of business following layoff, AI announcements

Shopify Inc.'s president said a recent move to streamline operations with a significant layoff and bolster merchant offerings with technology like artificial intelligence has left the company well positioned for growth.
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The Mega Millions jackpot has soared to $1.25 billion. Here's how hard it is to win

The Mega Millions jackpot has soared to $1.25 billion. Here's how hard it is to win

NEW YORK (AP) — There’s no shaking it. Your chances of winning the lottery are extremely slim . After no big winner Tuesday night, the Mega Millions jackpot climbed to an estimated $1.25 billion .
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Spin Master sees sales, earnings decline in second quarter amid weaker order volume

Spin Master sees sales, earnings decline in second quarter amid weaker order volume

TORONTO — Spin Master Corp. says it earned US$28 million in the second quarter, down from US$88.1 million a year earlier. The Toronto-based toy and entertainment company says revenue was US$420.7 million, down from US$506.
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Nutrien reports earnings down in second quarter, lowers full-year guidance

Nutrien reports earnings down in second quarter, lowers full-year guidance

SASKATOON — Nutrien Ltd. reported second-quarter net earnings of US$448 million, down from US$3.6 billion a year earlier. The Saskatoon-based company says sales were US$11.7 billion, down from US$14.5 billion during the same quarter last year.
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Intact earnings down 79 per cent after second quarter full of severe weather events

Intact earnings down 79 per cent after second quarter full of severe weather events

TORONTO — Intact Financial Corp. says its net income for the second quarter was $260 million, down 79 per cent from $1.2 billion last year. The insurance company says earnings per share were $1.30, down from $6.93.
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Feds try to reclaim $347 million insurance payout to Suncor linked to Libya unrest

Feds try to reclaim $347 million insurance payout to Suncor linked to Libya unrest

The federal government is trying to reclaim nearly $350 million in insurance paid to Suncor Energy Inc. in the wake of political unrest in Libya.
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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 Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,218.21, down 314.72): Suncor Energy Inc. (TSX:SU). Energy. Down 95 cents, or 2.31 per cent, to $40.25 on 11.0 million shares.
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S&P/TSX composite down more than 300 points Wednesday, U.S. stocks also fall

S&P/TSX composite down more than 300 points Wednesday, U.S. stocks also fall

TORONTO — Canada's main stock index fell more than 300 points Wednesday amid a broad-based decline, while U.S. markets also slid. Fitch Ratings cut the U.S.
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