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National Business
National Business
Shopify to reduce workforce by 20% as it narrows focus to core e-commerce business
TORONTO — Shopify Inc. says it will reduce its head count by about 20 per cent and sell its logistics business as it aims to reduce distracting "side quests" in the latest big change by the Canadian tech company.
May 4, 2023 4:27 PM
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Loblaw strikes deal with TC Energy to power all Alberta operations with renewables
TORONTO — Loblaw Companies Ltd. says it has reached a deal with TC Energy that will see the grocer's operations in Alberta powered entirely by wind, sun and water.
May 4, 2023 4:15 PM
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Canadian Natural Resources reports Q1 profit down as oil prices slide
CALGARY — Canadian Natural Resources Ltd. saw its profits in the first quarter decline 41 per cent year-over-year as oil prices weakened.
May 4, 2023 4:13 PM
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Stock market today: Wall Street sinks as bank fears flare
NEW YORK (AP) — Stocks closed lower as Wall Street’s worries about the U.S. banking system cranked even higher. The S&P 500 lost 0.7% Thursday. The Dow Jones Industrial Average fell 286 points and is now down for the year.
May 4, 2023 4:10 PM
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BoC can address banking system stress, even as it fights inflation: Macklem
TORONTO — The Bank of Canada has shifted its messaging in recent months from the need to get inflation under control to bringing it back down to the two per cent target.
May 4, 2023 4:10 PM
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Zelenskyy wants Putin trial; Russia accuses US on drones
THE HAGUE, Netherlands (AP) — Ukraine and Russia pressed their wartime rhetoric Thursday, with Ukrainian President Volodymyr Zelenskyy expressing confidence that Vladimir Putin would be convicted of war crimes, and the Kremlin alleging that the U.S.
May 4, 2023 3:56 PM
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Parkland rejects activist investor's call to sell or spin off Burnaby, B.C. refinery
CALGARY — Parkland Fuel Corp. said Thursday its Burnaby, B.C. refinery is not for sale, even in the face of pressure from an activist investor. The Calgary-based fuel retailer and convenience store operator has been the subject of a campaign by U.S.
May 4, 2023 3:52 PM
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Jury finds Ed Sheeran didn't copy Marvin Gaye classic
NEW YORK (AP) — A federal jury in New York concluded Thursday that British singer Ed Sheeran didn't steal key components of Marvin Gaye’s classic 1970s tune “Let’s Get It On” when he created his hit song “Thinking Out Loud.
May 4, 2023 2:26 PM
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Telus reports Q1 profit down from a year ago, raises quarterly dividend
Telus Corp. raised its dividend Thursday as it reported its first-quarter profit fell compared with a year ago on higher interest, depreciation and amortization, restructuring and other costs.
May 4, 2023 1:26 PM
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'Your presence is a present': How to navigate invitations that say 'no gifts'
TORONTO — You've received an invitation to a milestone birthday, wedding or baby shower and after glossing over some details you spot the saying: “your presence is a present.
May 4, 2023 1:22 PM
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