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Some in Nunavut community question where money from mining company has gone
IQALUIT — A company that runs the largest mining operation in Nunavut says it has awardedtens of millions of dollars in contracts to Inuit firms in the hamlet of Sanirajak, but some residents say they don’t know where that money has gone. An Oct.
Apr 29, 2022 2:35 PM
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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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