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National Business
US employers scaled back hiring in April. How that could let the Fed cut interest rates
WASHINGTON (AP) — The nation’s employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market.
May 3, 2024 12:27 PM
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Business insolvencies spike in first quarter, consumer insolvencies also rise
OTTAWA — Business insolvencies surged 87.2 per cent year-over-year in the first quarter of 2024, while consumer insolvencies rose 14 per cent.
May 3, 2024 11:46 AM
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Google, Justice Department make final arguments about whether search engine is a monopoly
WASHINGTON (AP) — Google's preeminence as an internet search engine is an illegal monopoly propped up by more than $20 billion spent each year by the tech giant to lock out competition, Justice Department lawyers argued at the closings of a high-stak
May 3, 2024 11:45 AM
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Pipeline operator TC Energy sees natural gas deliveries rise as power demand booms
CALGARY — Canadian pipeline operator TC Energy Corp. achieved record deliveries on its natural gas pipeline systems in the first quarter, thanks to booming North American electricity demand.
May 3, 2024 10:07 AM
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An AI-powered fighter jet took the Air Force's leader for a historic ride. What that means for war
EDWARDS AIR FORCE BASE, Calif. (AP) — With the midday sun blazing, an experimental orange and white F-16 fighter jet launched with a familiar roar that is a hallmark of U.S. airpower.
May 3, 2024 10:03 AM
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Greater Toronto home sales down in April but new listings surge: board
TORONTO — The Toronto Regional Real Estate Board says Greater Toronto home sales in April were down five per cent from last year, but new listings surged, which created more choice for buyers and kept prices stable.
May 3, 2024 9:12 AM
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Magna reports Q1 profit down from year ago, takes charge related to Fisker
TORONTO — Magna International Inc. says its first-quarter profit fell compared with a year ago as it recorded US$316 million in asset impairments and restructuring costs related to troubled electric vehicle company Fisker.
May 3, 2024 6:29 AM
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Grocery co-ops an alternative to corporate grocers amid anger, mistrust: experts
These days, Bruce Woodrow gets most of his groceries at one of two places: Costco, and a small grocery co-operative nestled in an alley in the heart of Toronto.
May 3, 2024 2:00 AM
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Apple's quarterly iPhone sales plunge 10%, but stock price surges
Apple on Thursday disclosed its steepest quarterly decline in iPhone sales since the pandemic’s outset, deepening a slump that’s increasing the pressure on the trendsetting company to spruce up its products with more artificial intelligence.
May 2, 2024 4:25 PM
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Aritzia's net income falls as the retailer works to set itself up for future growth
Aritzia Inc.'s net income fell by 58 per cent in its latest fiscal year, which the retailer's chief executive said was spent laying the groundwork for the business's rebound.
May 2, 2024 4:14 PM
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