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National Business
Sources: Hyundai to set $7B Georgia plant during Biden visit
ATLANTA (AP) — South Korean automaker Hyundai Motor Group is expected to announce next week it’s building a massive electric vehicle plant near Savannah, Georgia, according to a U.S. official familiar with the anticipated announcement.
May 12, 2022 5:10 PM
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WSP Global beats earnings expectations as it locks down large projects
MONTREAL — WSP Global Inc. secured key project wins across three continents this year, boosting profits and revenue and beating expectations in its first quarter.
May 12, 2022 5:03 PM
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Manitoba business group wants tax review; premier says she's willing
WINNIPEG — The Manitoba government is open to the idea of a wide-ranging review of its taxes to remain competitive with other provinces, Premier Heather Stefanson said Thursday.
May 12, 2022 4:50 PM
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Airport delays effectively forcing flight attendants to work for free: Union
MONTREAL — Flight attendants are effectively forced to work for free amid growing tarmac delays — particularly at Toronto's Pearson airport — according to the employees' biggest union.
May 12, 2022 4:37 PM
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BoC's Gravelle says "perfect storm" fueling inflation, but key differences from '70s
The Bank of Canada's deputy governor is blaming a "perfect storm" of factors for driving the country's inflation to a decades-high rate, as one Conservative party leadership candidate says the rising prices is reason enough for the head of the bank t
May 12, 2022 4:28 PM
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Higher interest rates push homes sales in B.C. back toward normal: association
VANCOUVER — The British Columbia Real Estate Association says the sharp increase in mortgage rates is pushing the province's home sales down "a path to normalizing," although it estimates a balanced market is at least a year away.
May 12, 2022 4:08 PM
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Senate confirms Powell for 2nd term as Fed fights inflation
WASHINGTON (AP) — The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving bipartisan backing to Powell's high-stakes efforts to curb the highest inflation in four decades.
May 12, 2022 3:39 PM
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Quebecor eyes Freedom Mobile as it looks to expand beyond Quebec
MONTREAL — Quebecor Inc. is mulling a move into the wireless market outside Quebec, with CEO Pierre Karl Péladeau saying Shaw Communications Inc.'s wireless business offers one potential avenue.
May 12, 2022 3:05 PM
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What you need to know about the Bank of Canada following Poilievre's fiery comments
TORONTO — During Wednesday's Conservative leadership debate in Edmonton, candidate Pierre Poilievre said he would remove Bank of Canada governor Tiff Macklem if he were to be elected prime minister.
May 12, 2022 2:25 PM
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Crescent Point reports $1.18B Q1 profit, raises quarterly dividend
CALGARY — Crescent Point Energy Corp. hiked its quarterly dividend by more than 40 per cent Thursday and said it will soon be in a position to increase shareholder returns even more when it hits its net debt target likely later this year.
May 12, 2022 2:22 PM
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