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National Business
National Business
Canadian Tire revenue down in first quarter as consumer spending softens
TORONTO — Canadian Tire Corp. Ltd. is the latest retailer to warn of softening consumer demand as high costs of living continue to rein in spending.
May 9, 2024 1:00 PM
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Nutrien CEO encouraged by strong demand and fertilizer market stabilization
Improved mine automation helped fertilizer giant Nutrien Ltd. increase potash production in the first quarter amid strong demand for its products, the company’s chief executive said.
May 9, 2024 12:42 PM
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Oil executives expect sustained period of strong crude prices, survey shows
CALGARY — Nine out of 10 Canadian energy sector executives believe oil prices will remain strong for the next three to five years, according to the results of a recent survey.
May 9, 2024 12:37 PM
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TikTok to start labeling AI-generated content as technology becomes more universal
NEW YORK — TikTok will begin labeling content created using artificial intelligence when it's uploaded from outside its own platform. TikTok says its efforts are an attempt to combat misinformation from being spread on its social media platform.
May 9, 2024 12:27 PM
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Despite numbers showing a healthy economy overall, lower-income spenders are showing the strain
NEW YORK (AP) — Cracks are showing in one of the main pillars keeping the economy out of a recession: resilient spending by U.S. households.
May 9, 2024 12:25 PM
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Alberta Utilities Commission fines another unlicenced power generator mining bitcoin
EDMONTON — The Alberta Utilities Commission is fining another electricity generator that powered bitcoin mining for operating without a licence. It's at least the third such fine levied in the province over the last year.
May 9, 2024 12:14 PM
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Manulife to ramp up share buyback program after cutting low-growth assets
TORONTO — Manulife Financial Corp. says it expects to ramp up its share buyback program this year as it sheds lower-growth assets and works to maintain its heightened return on equity.
May 9, 2024 12:10 PM
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Quebecor reports Q1 profit and revenue up from year ago
MONTREAL — Quebecor Inc. reported its first-quarter profit was up compared with a year ago, helped by strength in its telecommunications business. The company says its net income attributable to shareholders totalled $173.
May 9, 2024 11:58 AM
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Bread loaves recalled in Japan after 'rat remains' were found
TOKYO (AP) — Loaves of bread have been taken off store shelves in Japan after the remains of “a small animal” believed to be a rat were found.
May 9, 2024 11:50 AM
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WSP Global's acquisition hunt isn't over after ‘consolidation’ phase: CEO
MONTREAL — WSP Global expects to continue an acquisition spree this year after snapping up several more companies in the first three months of the year.
May 9, 2024 11:38 AM
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