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National Business
National Business
Power Corp. net profit surges in third quarter to $741 million
MONTREAL — Power Corp. beat expectations as its net profit attributable to shareholders surged nearly 47 per cent to $741 million in its latest quarter. The Montreal-based holding company says it earned $1.
Nov 10, 2021 7:12 PM
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Kinross third-quarter results weakened by fire at mill in West Africa
TORONTO — Mining company Kinross Gold Corp. reported weaker results in its latest quarter as gold production and sales fell by nearly 20 per cent from the prior year following a fire at its Tasiast mill in West Africa in June.
Nov 10, 2021 6:07 PM
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U.S. infrastructure bill means more cash and contracts for WSP Global, CEO says
MONTREAL — The US$1-trillion infrastructure package passed by Congress on Friday marks a boon for WSP Global Inc., says the CEO of the Montreal-based engineering firm.
Nov 10, 2021 6:00 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 (21,461.93, down 132.59 points.) Harte Gold Corp. (TSX:HRT). Materials. Down one cent, or 33.33 per cent, to two cents on 14.
Nov 10, 2021 5:46 PM
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North American stock markets fall after inflation spike raises fears of rate hikes
TORONTO — North American stock markets sank midweek as the hottest U.S. inflation numbers in more than 30 years had investors worrying that central banks will speed up interest rate hikes. The S&P/TSX composite index closed down 132.
Nov 10, 2021 5:05 PM
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Heavy burden for consumers as holidays near: Soaring prices
WASHINGTON (AP) — A worsening surge of inflation for such bedrock necessities as food, rent, autos and heating oil is setting Americans up for a financially difficult Thanksgiving and holiday shopping season. Prices for U.S. consumers jumped 6.
Nov 10, 2021 2:58 PM
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CGI sees profits surge by more than a third amid new IT and consulting bookings
MONTREAL — CGI Inc. said new bookings were the driving force behind a 37 per cent profit increase last quarter, as continued need for IT services in the COVID-19 pandemic boosted revenue.
Nov 10, 2021 2:36 PM
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US budget deficit eases to $165B in October, down 42%
The U.S. monthly budget deficit fell in October as the government collected more taxes from individuals and corporations thanks to a much improved economy emerging from the coronavirus pandemic.
Nov 10, 2021 2:23 PM
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Leon's Furniture Ltd. reports $63.8M-million Q3 profit, record revenue
TORONTO — Leon's Furniture Ltd. says it earned a record $63.8 million in its latest quarter, up from $49.1 million a year earlier, as revenue also set a record high.
Nov 10, 2021 2:22 PM
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Oilpatch drilling activity to rise in 2022, new PSAC forecast suggests
CALGARY — Drilling activity in the Canadian oilpatch will return to pre-pandemic levels in 2022, according to a new industry forecast.
Nov 10, 2021 1:02 PM
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