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Germany upbeat on energy security; Baltics count on wind
BERLIN (AP) — Germany is well-prepared to tackle a possible energy shortage due to Russia's squeeze on European gas supplies , Chancellor Olaf Scholz declared Tuesday, even as fears grow about the rising prices that will hit consumers across the cont
Aug 30, 2022 1:44 PM
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Maine supreme court breathes new life into power project
PORTLAND, Maine (AP) — Maine's highest court on Tuesday breathed new life into a $1 billion transmission line that aims to serve as conduit for Canadian hydropower, ruling that a statewide vote rebuking the project was unconstitutional.
Aug 30, 2022 1:43 PM
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Best Buy Q2 results fall amid softening demand for gadgets
NEW YORK (AP) — Best Buy posted lower fiscal second-quarter profits and sales as the nation's largest consumer electronics chain struggled with weakening consumer demand for gadgets and high costs that rippled through its supply chain.
Aug 30, 2022 1:41 PM
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Michele Romanow's Clearco cuts more staff, hands off international business
TORONTO — Michele Romanow's e-commerce investing company Clearco has laid off 60 employees as it hands off its international business, a month after cutting 25 per cent of its workforce.
Aug 30, 2022 1:07 PM
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BMO Financial Group wraps Big Six earnings with Q3 profits down from a year ago
TORONTO — BMO Financial Group wrapped the Big Six earnings season with a drop in earnings as a pullback in capital markets more than offset gains from loan growth and improved returns on interest income. The bank reported earnings of $1.
Aug 30, 2022 12:58 PM
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New Brunswick says its surplus is $100 million more than projected in March
FREDERICTON — New Brunswick is projecting a surplus of $135.5 million for the 2022-23 fiscal year, a rise of $100 million compared to the government's estimate in the spring budget.
Aug 30, 2022 12:52 PM
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In the wake of LaFlamme's exit, how effective are independent workplace reviews?
TORONTO — As Bell Media undergoes an independent workplace review after the dismissal of Lisa LaFlamme as CTV National News' chief anchor, one corporate governance expert cautions the move doesn't guarantee change.
Aug 30, 2022 12:04 PM
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Job vacancies rose in July, dashing Fed hopes for cooling
WASHINGTON (AP) — The number of open jobs in the United States rose in July after three months of declines, a sign that employers are still urgently seeking workers despite slowing economic growth and high inflation.
Aug 30, 2022 10:17 AM
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Lenders cautious about micro-condo mortgages, but financing options still plentiful
TORONTO — Canadians eager to buy a home as the real estate market cools might find themselves considering micro-condos, but mortgage brokers say if you're thinking small, prepare for extra caveats when seeking financing.
Aug 30, 2022 10:00 AM
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Couche-Tard reaches deal with Competition Bureau to address Wilsons deal concerns
OTTAWA — Alimentation Couche-Tard Inc., which has signed a deal to buy the Wilsons chain of gas stations in Atlantic Canada, has reached an agreement with the Competition Bureau to resolve its concerns over the acquisition.
Aug 30, 2022 9:32 AM
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