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Gildan Activewear optimistic on long-term outlook despite current economic headwinds

Gildan Activewear optimistic on long-term outlook despite current economic headwinds

MONTREAL — Gildan Activewear Inc. is predicting single-digit revenue growth for this year as it faces short-term economic challenges, but is optimistic about its longer-term outlook.
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Canadian auto production rose in 2022 to break streak of declines: DesRosiers

Canadian auto production rose in 2022 to break streak of declines: DesRosiers

TORONTO — DesRosiers Automotive Consultants Inc. says Canadian auto production rose last year to break a five-year streak of declining output. The consultancy says total light vehicle production totalled 1.
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EU carbon price passes symbolic 100 euros as reforms bite

EU carbon price passes symbolic 100 euros as reforms bite

BERLIN (AP) — The price of releasing planet-heating carbon into the atmosphere rose above 100 euros (about $107) in the European Union for the first time this week, a signal that experts said Wednesday speaks for the bloc's efforts to make polluting
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Freshii announces sale to franchisor Foodtastic complete

Freshii announces sale to franchisor Foodtastic complete

TORONTO — The sale of Freshii Inc. to Montreal-based Foodtastic Inc. is complete. In a deal originally announced in December, the healthy fast-food chain says Foodtastic has acquired all of its voting shares at $2.30 per share.
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Cannabis companies weigh pricing strategies after OCS margin cut

Cannabis companies weigh pricing strategies after OCS margin cut

TORONTO — Canopy Growth Corp. will hold its prices as licensed pot producers weigh whether to pass along to consumers the savings from the Ontario Cannabis Store's forthcoming margin decrease. The Smiths Falls, Ont.
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Taseko Mines to increase its stake in the Gibraltar copper mine in B.C.

Taseko Mines to increase its stake in the Gibraltar copper mine in B.C.

VANCOUVER — Taseko Mines Ltd. says it has signed a deal to increase its stake in its Gibraltar copper mine in B.C. in an agreement worth at least $60 million. Under the terms of the deal, Taseko will acquire Sojitz Corp.
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Ritchie Bros. Auctioneers reports Q4 profit and revenue up from year ago

Ritchie Bros. Auctioneers reports Q4 profit and revenue up from year ago

VANCOUVER — Ritchie Bros. Auctioneers Inc. reported its fourth-quarter profit and sales were up compared with a year earlier. The company, which keeps its books in U.S. dollars, reported a profit of $45.
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Airbus creating 500 new jobs in Canada this year as it ramps up A220 production

Airbus creating 500 new jobs in Canada this year as it ramps up A220 production

MONTREAL — Airbus says it is creating 500 new jobs in Canada this year as it looks to increase A220 aircraft production.
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At least 2 dead, more than 50 missing in China mine collapse

At least 2 dead, more than 50 missing in China mine collapse

BEIJING (AP) — An open pit mine collapsed in China's northern Inner Mongolia region on Wednesday, killing at least two people and leaving more than 50 missing, state media reported.
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Banks set to report as investors focus on interest rates, capital requirements

Banks set to report as investors focus on interest rates, capital requirements

TORONTO — Canadian bank stocks have been riding a wave of investor optimism so far this year, but analysts say the first-quarter results that start arriving later this week will be a reminder of the mixed economic picture ahead.
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