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National Business
National Business
Imperial Oil posts $1.17B first-quarter profit, best in over 30 years
CALGARY — High oil prices helped Imperial Oil Ltd. post its highest first-quarter profit in over 30 years Friday, though production at the company's Kearl oilsands mine was less than anticipated due to extreme cold weather and unplanned downtime.
Apr 29, 2022 1:15 PM
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Magna International reports US$364M Q1 profit, cuts outlook for full year
TORONTO — Magna International Inc. cut its outlook for the year due to lower than expected global auto production and increased costs as it reported a first-quarter profit of US$364 million Friday. Magna, which keeps its books in U.S.
Apr 29, 2022 1:14 PM
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Hexo appoints third CEO in six months as cannabis company restructuring continues
GATINEAU, Que. — Musical chairs is continuing at Hexo Corp. as the cannabis company has announced the appointment of its third chief executive in six months.
Apr 29, 2022 12:37 PM
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A key inflation gauge jumped 6.6% in March, most since 1982
WASHINGTON (AP) — An inflation gauge closely tracked by the Federal Reserve surged 6.
Apr 29, 2022 12:29 PM
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Becker gets 2 1/2 years in prison for bankruptcy offenses
LONDON (AP) — Tennis great Boris Becker was sentenced to 2 1/2 years in prison on Friday for illicitly transferring large amounts of money and hiding assets after he was declared bankrupt.
Apr 29, 2022 12:01 PM
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British billionaire Jim Ratcliffe rivals U.S. offers with late $5B bid for Chelsea
British billionaire Jim Ratcliffe launched a late bid on Friday to buy Chelsea for 4.25 billion pounds ($5.3 billion) as rival offers featuring American investors were already being assessed as the sale process nears a conclusion.
Apr 29, 2022 11:57 AM
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NFI Group cuts earnings forecast — again — as supply snarls hit production line
WINNIPEG — Bus manufacturer NFI Group Inc. is cutting its revenue forecast for the second time in seven months, citing a global shortage of microprocessors.
Apr 29, 2022 11:36 AM
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Federal deficit $69.8B for April-to-February period of fiscal 2021-22
OTTAWA — The federal government posted a deficit of $69.8 billion for the April-to-February period of its 2021-22 fiscal year as revenue grew and expenses fell.
Apr 29, 2022 11:09 AM
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Economy gains momentum with 1.1% GDP growth in February, best month since March 2021
OTTAWA — The Canadian economy surged ahead in February as pandemic-related restrictions eased, fuelling expectations by economists that the Bank of Canada will opt for another oversized rate hike in June.
Apr 29, 2022 10:56 AM
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Inflation hits record high of 7.5% in countries using euro
BRUSSELS (AP) — Inflation hit a new record for the 19 countries that use the euro as skyrocketing fuel prices boosted by the war in Ukraine add new burdens to household finances and weigh on a slowing economic recovery from the latest outbreaks of CO
Apr 29, 2022 5:43 AM
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