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National Business
Powell: Rate hikes may slow, but inflation fight hardly over
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell sought Wednesday to strike a delicate balance at a moment when high inflation is bedeviling the nation’s economy and commanding a central role in the midterm elections.
Nov 2, 2022 6:47 PM
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Nutrien earns US$1.6B in third quarter, but lowers full-year guidance
SASKATOON — Nutrien Ltd. says it earned US$1.6 billion in the third quarter of 2022, up 118 per cent from the same three-month period in 2021. The Saskatoon-based fertilizer giant says its profit in the quarter works out to $2.
Nov 2, 2022 6:19 PM
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Sun Life reports Q3 net income of $466 million, down 54 per cent from last year
TORONTO — Sun Life Financial Inc. says its profit was down 54 per cent in the third quarter compared with a year earlier due to general market declines, and also recorded a $170 million charge related to its sale of Sun Life UK.
Nov 2, 2022 6:03 PM
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Spin Master sees revenues drop 12.7 per cent as consumers battle inflation
TORONTO — Spin Master Corp. says it earned US$141.4 million in the third quarter of 2022, or $1.33 cents per diluted share, compared with earnings of $135.3 million a year earlier. The Toronto-based toy and entertainment company, which reports in U.
Nov 2, 2022 5:50 PM
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GFL raises guidance as revenue up 33 per cent in third quarter, net loss decreases
VAUGHAN, Ont. — GFL Environmental Inc. reported a revenue increase of almost 33 per cent at $1.8 billion for the third quarter of 2022, up from a year earlier and raised its guidance for the year on the strength of those gains. The Vaughan, Ont.
Nov 2, 2022 5:39 PM
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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 (19,277.01, down 240.70 points): Barrick Gold Corp. (TSX:ABX). Materials. Down 98 cents, or 4.76 per cent, to $19.60 on 12.
Nov 2, 2022 5:37 PM
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Cenovus CEO takes aim at oil and gas critics; says sector pays billions in taxes
CALGARY — With oil and gas companies under increased scrutiny for how they choose to use their record-breaking profits in 2022, the chief executive of Cenovus Energy Inc.
Nov 2, 2022 4:49 PM
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S&P/TSX composite index, U.S. markets down on Fed rate hike
TORONTO — Canada's main stock index was down more than 240 points by the end of Wednesday after a late-afternoon slump, while U.S. markets took a similar tumble, after another outsized rate hike by the Federal Reserve.
Nov 2, 2022 4:47 PM
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Tony Hawk uses skateboarding to teach community organizing
Sara Campos remembers being inspired to start skateboarding after playing Tony Hawk videogames on the California family’s PlayStation 2. Campos, 23, who uses they/them pronouns, never dreamed they would be part of Tony Hawk’s charitable work.
Nov 2, 2022 3:20 PM
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Musk: People banned from Twitter won't be restored for weeks
NEW YORK (AP) — Elon Musk said Wednesday that Twitter will not allow anyone who has been kicked off the site to return until it sets up procedures on how to do that, a process that will take at least a few weeks.
Nov 2, 2022 2:29 PM
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