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Saputo profits plunge in latest quarter on continued impact from COVID-19
MONTREAL — Saputo Inc. is reporting lower profits in the first quarter of fiscal 2022 despite a 2.9 per cent increase in revenues as it continued to feel the effects of the COVID-19 pandemic.
Aug 5, 2021 11:21 AM
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BCE profits surge in second quarter as revenues rebound from COVID-19
TORONTO — BCE Inc. reported a surge in second quarter profit Thursday and as it added new customers and saw improved results in segments affected by COVID-19.
Aug 5, 2021 11:18 AM
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Iran swears in new hard-line president amid regional tension
TEHRAN, Iran (AP) — The protégé of Iran’s supreme leader, Ebrahim Raisi, was sworn in as the country's new president during a ceremony in parliament on Thursday, an inauguration that completes hard-liners’ dominance of all branches of government in t
Aug 5, 2021 11:18 AM
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Qatar Airways grounds 13 Airbus A350s as fuselage degrading
DUBAI, United Arab Emirates (AP) — Qatar Airways says it has grounded 13 Airbus A350s over degradation of the plane's fuselage. Qatar Airways made the announcement on Thursday, further escalating a monthslong dispute with the European airplane maker.
Aug 5, 2021 10:13 AM
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Manulife beats expectations as second-quarter profit surges to $2.6 billion
TORONTO — Manulife Financial Corp. beat expectations as its net profit surged in the second quarter to $2.6 billion on continued growth in Asia and strong contributions from wealth and asset management.
Aug 5, 2021 10:05 AM
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Maple Leaf Foods plots recovery in second half of 2021 after a plunge in Q2 profit
MISSISSAUGA, Ont. — Maple Leaf Foods. Inc. says it expects its meat protein business margins and plant-based foods revenue growth to make a full recovery in the second half of 2021 as it reported a plunge in its second quarter net profit.
Aug 5, 2021 10:02 AM
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Israel launches airstrikes on Lebanon in response to rockets
TEL AVIV, Israel (AP) — Israel on Thursday escalated its response to rocket attacks the previous day from Lebanon by launching rare airstrikes on its northern neighbor, the army and Lebanese officials said.
Aug 5, 2021 9:52 AM
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Bombardier raises 2021 guidance after posting improved second-quarter results
MONTREAL — Bombardier Inc. is raising its 2021 guidance after reporting improved financial results in the second quarter.
Aug 5, 2021 9:45 AM
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US jobless claims drop by 14,000 to 385,000
WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week by 14,000 to 385,000 more evidence that the economy and the job market are rebounding briskly from the coronavirus recession.
Aug 5, 2021 8:39 AM
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July housing sales in Toronto down compared to last year, but still above average
The Toronto Regional Real Estate Board says housing demand in July dropped compared to the previous year, but still remains above average for the season in 2021. The board says nearly 9,400 home sales were reported in July, down 14.
Aug 5, 2021 5:00 AM
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