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Lululemon ups forecast, tops expectations with double-digit earnings growth
VANCOUVER — Lululemon Athletica Inc. reported an 18 per cent surge in profits last quarter, prompting it to raise its fiscal forecast for the year after beating expectations. The Vancouver-based company, which reports in U.S.
Aug 31, 2023 4:51 PM
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S&P/TSX composite down despite boost from Shopify, U.S. stock markets mixed
TORONTO — Strength in technology stocks led by Shopify Inc. after its deal to help merchants integrate with Amazon.com Inc. wasn't enough to prevent a small loss on Canada's main stock index Thursday, while U.S. stock markets were mixed.
Aug 31, 2023 4:42 PM
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Oil and gas sector says new data shows it can both hike output and lower emissions
CALGARY — Canada's oil and gas sector is pointing to new government numbers that it says proves the industry can increase production and lower emissions at the same time.
Aug 31, 2023 4:40 PM
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Canadian pot stocks jump on reports that U.S. may ease cannabis restrictions
TORONTO — Embattled Canadian cannabis stocks jumped Thursday on the hope that the U.S. may ease restrictions on the substance. The Associated Press reported that the U.S.
Aug 31, 2023 4:28 PM
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Toronto-area Metro workers ratify second tentative agreement after month-long strike
TORONTO — Metro workers from 27 stores in the Greater Toronto Area have a new collective agreement after a month-long strike, the union said Thursday.
Aug 31, 2023 4:20 PM
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Stock market today: Wall Street ends lower, closes out first losing month since February
NEW YORK — Stocks gave up early gains and closed lower, a downbeat end to the market’s first losing month since February. The S&P 500 ended with a loss of 0.2%, breaking a four-day winning streak. The Dow fell 168 points, or 0.5%.
Aug 31, 2023 4:12 PM
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CIBC profits down on higher loan loss provisions after revised economic outlook
TORONTO — A more pessimistic outlook on interest rates and the economy led CIBC to boost how much it set aside for bad loans in its latest quarter, a move echoed by other banks as they prepare for slower growth ahead.
Aug 31, 2023 1:53 PM
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Scotiabank announces senior executive changes including new oversight for Tangerine
TORONTO — Scotiabank announced a raft of changes in its senior executive ranks, including a new head for the group overseeing its Tangerine online banking business and a new chief human resources officer.
Aug 31, 2023 1:37 PM
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Laurentian Bank reports Q3 profits down as strategic review continues
MONTREAL — Laurentian Bank of Canada reported a dip in third-quarter profits as it continues to work through a strategic review.
Aug 31, 2023 1:31 PM
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Shopify, Amazon strike deal to integrate 'Buy with Prime' in Shopify stores
TORONTO — Two of the e-commerce world’s biggest rivals have brokered a surprise deal helping their merchants better take advantage of one another’s offerings. Shopify Inc. and Amazon.com Inc.
Aug 31, 2023 11:27 AM
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