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National Business
More Americans apply for jobless aid last week
WASHINGTON (AP) — More Americans applied for unemployment benefits last week but the total number of people collecting jobless aid is at its lowest level in more than 50 years. Jobless claims in the U.S.
May 5, 2022 8:41 AM
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Bank of England raises key rate to highest level in 13 years
LONDON (AP) — The Bank of England raised its key interest rate to the highest level in 13 years on Thursday as policymakers around the world combat inflation fueled by high energy prices, Russia's war in Ukraine and lingering concerns about COVID-19.
May 5, 2022 7:42 AM
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Lightspeed CEO sees move away from pandemic measures as his company's 'time to shine'
When the COVID-19 pandemic kept Canadians cooped up at home and forced retailers to temporarily shut their doors, Lightspeed Commerce Inc.'s customers had "a moment of high panic.
May 5, 2022 7:00 AM
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Neo Financial becomes Calgary's latest $1 billion tech 'unicorn'
Calgary's tech community can boast another "unicorn" with fintech company Neo Financial's close of a funding round that values the startup at more than $1 billion.
May 5, 2022 6:00 AM
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Asian stocks rise after Fed chair downplays bigger rate hike
BEIJING (AP) — Asian stock markets followed Wall Street higher on Thursday after the Federal Reserve chairman downplayed the likelihood of bigger rate hikes following the U.S. central bank's biggest increase in two decades.
May 4, 2022 11:49 PM
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Ukraine: Russia using 'missile terrorism' in wide attacks
LVIV, Ukraine (AP) — Complaining that the West is "stuffing Ukraine with weapons,” Russia bombarded railroad stations and other supply-line targets across the country, as the European Union moved to further punish Moscow for the war Wednesday by prop
May 4, 2022 9:39 PM
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Movies love a comeback story. This summer, it's their turn.
This summer at the movies, Tom Cruise is back in the cockpit behind those iconic aviators. Doctors Grant, Sattler and Ian Malcolm are returning for another round with the dinosaurs. Natalie Portman is picking up Thor’s hammer.
May 4, 2022 9:24 PM
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Recipe Unlimited Q1 profits up 62 per cent despite forced closures, fewer locations
VAUGHAN, Ont. — Recipe Unlimited Corp. is reporting a 62 per cent increase in net profits last quarter despite 79 fewer restaurants and forced closures because of COVID-19. The Ontario-based restaurant company said it earned $21.
May 4, 2022 6:57 PM
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Maple Leaf Foods CEO stepping down next year after being appointed executive chair
MISSISSAUGA, Ont. — The head of Maple Leaf Foods Inc. will be stepping down as chief executive next year, after being appointed executive chair of the board of directors.
May 4, 2022 6:27 PM
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Spin Master raises 2022 guidance after Q1 sales increase 34 per cent, profits surge
TORONTO — Toymaker Spin Master Inc. is increasing its revenue guidance for 2022 after sales increased 34 per cent in its latest quarter, causing profits to surge more than tenfold. The Toronto-based company, which reports in U.S.
May 4, 2022 6:02 PM
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