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Veren's share price plunges as oil producer lowers output forecast

Veren's share price plunges as oil producer lowers output forecast

CALGARY — Oil producer Veren Inc. saw its share price plunge by more than 14 per cent on Thursday, on news that the company is lowering its production forecast for 2024 and grappling with "under-performance" from some of its wells.
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Stock market today: Microsoft, Meta and the burden of expectations knock Wall Street sharply lower

Stock market today: Microsoft, Meta and the burden of expectations knock Wall Street sharply lower

NEW YORK (AP) — The downside of high expectations thumped Wall Street on Thursday, and Microsoft and Meta Platforms dragged U.S. stock indexes lower despite delivering strong profits for the summer. The S&P 500 sank 1.
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S&P/TSX composite falls 1.4% Thursday, U.S. stock markets also tumble

S&P/TSX composite falls 1.4% Thursday, U.S. stock markets also tumble

TORONTO — Canada's main stock index fell 1.4 per cent Thursday, with broad losses led by base metals and technology, while U.S. stock markets also fell as drops in major tech stocks weighed on Wall Steet.
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Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI

Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI

LOS ANGELES (AP) — Amazon reported a boost in its quarterly profits Thursday and exceeded revenue estimates, sending the company's stock up in after-hours trading. For the three months that ended on Sept.
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ChatGPT will now work as a search engine as OpenAI partners with some news outlets

ChatGPT will now work as a search engine as OpenAI partners with some news outlets

SAN FRANCISCO (AP) — OpenAI is launching a ChatGPT-powered search engine that could put the artificial intelligence company in direct competition with Google and affect the flow of internet traffic seeking news, sports scores and other timely informa
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Spin Master 'disappointed' by digital games in Q3 but sees promise in Ms. Rachel

Spin Master 'disappointed' by digital games in Q3 but sees promise in Ms. Rachel

TORONTO — Spin Master Corp. is headed into the holiday season with some work to do to improve its digital games business, but plenty of promise coming from its Ms. Rachel and Melissa & Doug toys.
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SeaRose floating oilfield vessel en route back to Canada after refurbishment: Cenovus

SeaRose floating oilfield vessel en route back to Canada after refurbishment: Cenovus

CALGARY — Cenovus Energy Inc.'s West White Rose project off the coast of Newfoundland has reached a major milestone with the completed refurbishment of the massive vessel that will operate in the expanded offshore oilfield.
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Gildan Activewear will be 'beneficiary of consolidation' as customers merge: CEO

Gildan Activewear will be 'beneficiary of consolidation' as customers merge: CEO

Gildan Activewear Inc.'s chief executive brushed off concerns Thursday that a recent merger between two of its biggest customers will spell trouble for his business.
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Ontario plans to remove Toronto bike lanes on Bloor, Yonge and University

Ontario plans to remove Toronto bike lanes on Bloor, Yonge and University

TORONTO — Ontario is planning to remove sections of bike lanes on three major roads in Toronto, as it considers whether to rip up more bike lanes elsewhere.
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Ontario lacks a health-care plan for alcohol harms as sales expand: health coalition

Ontario lacks a health-care plan for alcohol harms as sales expand: health coalition

TORONTO — Premier Doug Ford's government has no strategy to mitigate problems that could result from the province's newly liberalized alcohol sales rules, a health coalition said Thursday, warning that more death, cancer diagnoses and emergency depar
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