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Supply chain woes and Omicron absences continue to gnaw at SNC-Lavalin earnings
MONTREAL — SNC-Lavalin Group Inc. earnings sagged last quarter, falling below expectations due to thin margins in its flagship engineering division as the company struggles to plug the cash drain of fixed-price construction contracts.
May 5, 2022 5:25 PM
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S&P/TSX composite suffers worst day since November as investors weigh higher rates
TORONTO — Canada's main stock index suffered its worst day in more than five months as investors appeared to put aside dovish Federal Reserve comments a day earlier to instead focus on the magnitude of interest rates to come.
May 5, 2022 5:01 PM
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Recipe Unlimited expects full restaurants on Mother's Day as pandemic rules ease
After two years of dining room closures, the parent company behind restaurants like Swiss Chalet, The Keg and Montana's is preparing for one of the most lucrative restaurant days of the year.
May 5, 2022 4:12 PM
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Consumers opting for cheaper toys as inflation soars, toymaker Spin Master says
Toymaker Spin Master Inc. says shoppers are becoming increasingly price sensitive and opting for less expensive toys as inflation continues to surge.
May 5, 2022 3:27 PM
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Shopify stock plunges to two-year low as it signs US$2.1-billion deal to buy Deliverr
Shopify Inc. is making the biggest acquisition in its history as it tries to reverse the flagging faith in its growth path that has knocked it well off the perch of Canada's most valuable company.
May 5, 2022 3:24 PM
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BCE pushes ahead with next-gen infrastructure spending as inflationary pressures rise
TORONTO — BCE Inc. says it's spending heavily on infrastructure to meet rising data demands as more customers switch to the 5G and fibre networks.
May 5, 2022 1:28 PM
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The AP Interview: Belarus admits Russia's war 'drags on'
MINSK, Belarus (AP) — Belarus’ authoritarian President Alexander Lukashenko defended Russia’s invasion of Ukraine in an interview Thursday with The Associated Press, but he said he didn’t expect the 10-week-old conflict to “drag on this way.
May 5, 2022 1:03 PM
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Canadian Natural Resources first-quarter profit more than doubles
CALGARY — Canadian Natural Resources Ltd.'s profits more than doubled from a year ago in the first quarter, as surging oil prices pushed the Calgary-based energy company closer to reaching its debt reduction target.
May 5, 2022 12:13 PM
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Resolute Forest Q1 profit surges to US$210M on improved pricing, acquisitions
MONTREAL — Resolute Forest Products Inc. is reporting stronger results in its latest quarter on gains in its pulp and paper sectors from improved pricing and the idling of a U.S. mill. The forestry company, which keeps its books in U.S.
May 5, 2022 12:09 PM
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Bank of Canada reaching out to Indigenous groups on economic reconciliation
GATINEAU, Que. — A senior Bank of Canada official says the central bank will reach out to Indigenous groups over the next two years to help it define what economic reconciliation means and what its role should be.
May 5, 2022 11:56 AM
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