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Businesses brace for high inflation to stick around over next two years: BoC survey
The Bank of Canada said Monday that Canadian businesses expect average inflation to remain elevated over the next two years, but see interest rate moves and better supply chains cooling things off longer term.
Apr 4, 2022 10:46 AM
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Furniture maker Palliser expanding operations, hiring 700 workers amid high demand
WINNIPEG — Canadian furniture maker Palliser is expanding its North American operations as new products coupled with soaring tariffs on imports from Vietnam and China increase demand for the company's furnishings.
Apr 4, 2022 9:56 AM
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Cenovus to end oil price hedging; program lost $970 million in first quarter
CALGARY — Cenovus Energy Inc. is suspending its practice of crude oil price hedging and warning that it expects steep losses on its existing risk management program in its first quarter.
Apr 4, 2022 9:25 AM
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Cineflix workers to get $2.5 million in settlement for unpaid overtime, unions say
TORONTO — Two Canadian media and entertainment unions say Cineflix has agreed to pay workers $2.5 million to settle a class-action lawsuit over unpaid work.
Apr 4, 2022 8:54 AM
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Vancouver's March home sales up 27% since February: B.C. real estate board
VANCOUVER — The Real Estate Board of Greater Vancouver says home sales picked up between February and March but are still down from a year ago. The B.C.
Apr 4, 2022 8:30 AM
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Canadian gold miner Centerra announces deal to exit Kyrgyz Republic, sell Kumtor mine
TORONTO — Canadian miner Centerra Gold Inc. says it has agreed to sell its business interests in the Kyrgyz Republic and exit the country, settling a long-simmering dispute over one of the biggest gold mines in Central Asia.
Apr 4, 2022 7:59 AM
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Great-West Life closes $4.45-billion purchase of Prudential's retirement business
WINNIPEG — The U.S. subsidiary of Canadian insurer Great-West Lifeco Inc. has closed a multi-billion dollar deal to buy the U.S. retirement business of Prudential Financial Inc. The $4.
Apr 4, 2022 6:56 AM
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Telecom complaints decreased, but disclosure issues and bill problems still top list
OTTAWA — Complaints from Canadian telecom and TV customers decreased 26 per cent between Aug. 1, 2021 and Jan.
Apr 4, 2022 4:05 AM
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Telecom complaints decreased, but disclosure issues and bill problems still top list
OTTAWA — The Commission for Complaints for Telecom-television Services (CCTS) says customer complaints were down 26 per cent between Aug. 1, 2021 and Jan. 31, 2022 compared with the same period a year before.
Apr 4, 2022 4:00 AM
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P.E.I. potato shipments to U.S. expected to resume early this week following ban
CHARLOTTETOWN — The first potato shipments destined for the United States are expected to leave Prince Edward Island early this week following the lifting of a crippling four month ban. The U.S.
Apr 3, 2022 12:20 PM
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