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AutoCanada buys 11 auto dealerships in Ontario from Autopoint Group

EDMONTON — AutoCanada Inc. says it has bought 11 auto dealerships from the Autopoint Group in southwestern Ontario. Financial terms of the deal were not immediately available.
Ontario pot products often out of stock because of poor forecasts: auditor's report

Ontario pot products often out of stock because of poor forecasts: auditor's report

TORONTO — Ontario’s auditor general says some cannabis products are often out of stock because the province’s pot retailer is inaccurately forecasting inventory levels.
Powell: Fed 'not at all sure' inflation will fade next year

Powell: Fed 'not at all sure' inflation will fade next year

WASHINGTON (AP) — In a fresh sign of his growing concerns about inflation, Chair Jerome Powell said Wednesday that the Federal Reserve can't be sure that price increases will slow in the second half of next year as many economists expect.
RBC raises dividend, reports profits up but under pressure from interest rate margins

RBC raises dividend, reports profits up but under pressure from interest rate margins

TORONTO — Royal Bank of Canada raised its dividend Wednesday as it reported a rise in fourth-quarter profits from last year, though it said earnings were hit by lower margins in part from low interest rates and heightened competition.

German court OKs ban on Cyprus-based porn sites

BERLIN (AP) — A court has ruled that German authorities are justified in banning three pornographic websites based in Cyprus from operating in Germany due to rules intended to protect minors.
GM venture to build North American battery chemical plant

GM venture to build North American battery chemical plant

DETROIT (AP) — General Motors is forming a joint venture with Posco Chemical of South Korea to build a North American battery materials plant as it brings more steps in the electric vehicle supply chain under its umbrella.
OSC failed to alert public to many potentially risky investments: auditor general

OSC failed to alert public to many potentially risky investments: auditor general

TORONTO — Ontario’s auditor general has found the province’s securities regulator has not alerted the public to many potentially risky investments and failed to collect the majority of fines it imposed over the last decade.
BRP reports $127.7M Q3 profit as supply chain disruptions hurt revenue

BRP reports $127.7M Q3 profit as supply chain disruptions hurt revenue

VALCOURT, Que. — BRP Inc. beat expectations as it reported a third-quarter profit of $127.7 million amid supply chain disruptions that caused a drop in product deliveries. The maker of Ski-Doos and Sea-Doos said Wednesday its profit amounted to $1.

Pizza Pizza signs master franchise agreement to expand into Mexico

TORONTO — Pizza Pizza Ltd. has signed a deal that will see the restaurant chain expand into Mexico next year. The company says it has signed a master franchise agreement with Guadalajara-based KSG/GrünCorp.
US manufacturing activity grows in November

US manufacturing activity grows in November

SILVER SPRING, Md. (AP) — U.S. manufacturing activity grew at a faster pace in November with producers trying to keep up with demand amid ongoing supply shortages and delays.