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National Business
National Business
Indigo trims Q4 loss and squeaks out a $3.3-million profit for the full year
TORONTO — Indigo Books and Music Inc. trimmed its net loss to end its fiscal year that saw it swing to a small profit. The Toronto-based retailer says it lost $23.4 million in the fourth quarter, compared with a loss of $39.5 million a year earlier.
Jun 2, 2022 6:16 PM
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Lululemon stitches strong start to year with Q1 profit surging 31 per cent to US$185M
VANCOUVER — Lululemon Athletica's year got off to a strong start as net income surged about 31 per cent to US$190 million on a double-digit increase in revenues. The Vancouver-based athletic clothing company, which reports in U.S.
Jun 2, 2022 5:41 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (21,031.81, up 318.09 points.) Athabasca Oil Corp. (TSX:ATH). Energy. Up 22 cents, or 8.2 per cent, to $2.89 on 16.2 million shares.
Jun 2, 2022 5:19 PM
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S&P/TSX composite recovers in broad rally on signs that rate hikes starting to work
TORONTO — Technology and materials led a broad rally that drove Canada's main stock index higher as investors continued to digest the Bank of Canada's hawkish comments as they look for signs that higher interest rates are starting to slow the economy
Jun 2, 2022 5:11 PM
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Bank of Canada open to hiking interest rates past 3% in bid to bridle inflation
OTTAWA — The Bank of Canada may need to raise its key interest rate to three per cent or beyond — more than double its current level — to ensure inflation doesn't settle in for the long haul, its deputy governor says.
Jun 2, 2022 4:41 PM
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Avenatti gets 4 years in prison for cheating Stormy Daniels
NEW YORK (AP) — Michael Avenatti was sentenced Thursday to four years in prison for stealing book proceeds from Stormy Daniels, the porn actress who catapulted him to fame as he represented her in courtrooms and cable news programs during her legal b
Jun 2, 2022 4:38 PM
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Stocks shake off a wobbly start on Wall Street, end higher
NEW YORK (AP) — The stock market shook off a wobbly start and ended broadly higher Thursday, marking its first gain in this holiday-shortened week. Technology stocks were among the winners as Microsoft erased an early loss.
Jun 2, 2022 4:18 PM
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Nova Scotia ruling out second package of inflation-aid measures
HALIFAX — The Nova Scotia government is ruling out a second package of short-term inflation relief just two weeks after Finance Minister Allan MacMaster said more measures were on their way.
Jun 2, 2022 4:04 PM
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Go-broke dates pushed back for Social Security, Medicare
WASHINGTON (AP) — A stronger than expected economic recovery from the pandemic has pushed back the go-broke dates for Social Security and Medicare, but officials warn that the current economic turbulence is putting additional pressures on the bedrock
Jun 2, 2022 3:51 PM
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Stellantis-LG say joint venture in Windsor to be called NextStar Energy, appoint CEO
WINDSOR, Ont. — Stellantis and LG Energy Solution say their joint venture to build batteries for electric vehicles in Windsor, Ont. will be called NextStar Energy and be led by Danies Lee as chief executive.
Jun 2, 2022 3:32 PM
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