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US wholesale price data for April points to easing inflation pressures
WASHINGTON (AP) — Wholesale prices in the United States rose modestly last month, the latest sign that inflationary pressures may be easing more than a year after the Federal Reserve unleashed an aggressive campaign of steadily higher interest rates.
May 11, 2023 8:25 AM
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CI Financial shares soar after deal to sell stake in U.S. wealth management business
TORONTO — Shares in CI Financial Corp. soared after it announced a deal to sell a 20 per cent stake in its U.S. wealth management business to a group of institutional investors for about $1.34 billion. Shares in the company were up $5.
May 11, 2023 8:01 AM
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Brookfield reports US$424-million first-quarter net income
TORONTO — Brookfield Corp. reported first-quarter net income of US$424 million, down from US$2.96 billion in the same quarter last year. The company, which keeps its books in U.S.
May 11, 2023 7:46 AM
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Algonquin Power and Utilities launches strategic review of renewable energy group
OAKVILLE, Ont. — Algonquin Power and Utilities Corp. says it has launched a strategic review of its renewable energy group. The company, which terminated its deal to buy Kentucky Power Company and AEP Kentucky Transmission Co. Inc.
May 11, 2023 6:44 AM
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Quebecor reports $120.9M Q1 profit, down from $121.4M a year ago
MONTREAL — Quebecor Inc. reported its first-quarter profit attributable to shareholders fell to $120.9 million compared with $121.4 million in the same quarter a year ago.
May 11, 2023 6:39 AM
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UK sending Ukraine long-range cruise missiles
LONDON (AP) — The U.K. is sending Ukraine long-range cruise missiles to help push back Russian forces, British Defense Secretary Ben Wallace said Thursday. It's the first known shipment of the weaponry that Kyiv has long sought from its allies.
May 11, 2023 6:04 AM
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Bank of England raises UK interest rates to highest level since 2008
LONDON (AP) — The Bank of England raised interest rates to their highest level since late 2008 as it continues to combat stubbornly high inflation in the U.K.
May 11, 2023 5:15 AM
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Shooting at Mercedes factory in Germany leaves 2 dead
BERLIN (AP) — A man opened fire at a Mercedes-Benz factory in southwestern Germany on Thursday, leaving two people dead, authorities the company said. The shooting occurred in Sindelfingen, a city near Stuttgart.
May 11, 2023 3:46 AM
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Long-haul carrier Emirates sees highest-ever profit in 2022 of $2.9B after pandemic grounded flights
DUBAI, United Arab Emirates (AP) — Long-haul carrier Emirates saw its most-profit year ever in 2022, earning $2.9 billion after bouncing back from the coronavirus pandemic shutting down global aviation, the airline announced Thursday.
May 11, 2023 3:43 AM
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RioCan sees net income slip in Q1 as fair value on investment properties decreases
TORONTO — RioCan Real Estate Investment Trust says net income for the first quarter was $118 million, down from $160 million a year earlier. The Toronto-based company says same property net operating income grew by 3.
May 10, 2023 4:32 PM
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