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Five key takeaways from the BoC's first summary of interest rate deliberations

Five key takeaways from the BoC's first summary of interest rate deliberations

OTTAWA — In a first for the Bank of Canada, it has released a summary of deliberations by its governing council regarding its policy decision to raise its key interest rate target by a quarter of a percentage point to 4.5 per cent in January.
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Labour shortages could push up wages, 'reignite inflation' in long run, report warns

Labour shortages could push up wages, 'reignite inflation' in long run, report warns

TORONTO — Protracted labour shortages in Canada could fuel more rapid wage growth and inflation over time, potentially prompting the need for higher interest rates long-term, a new RBC Economics report released Wednesday said.
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Oil major TotalEnergies doubles annual profit to $36 billion

Oil major TotalEnergies doubles annual profit to $36 billion

PARIS (AP) — France's TotalEnergies SE doubled its profits in 2022, joining other international oil and gas companies in fattening their bottom lines as high energy prices surged after Russia’s invasion of Ukraine . Adjusted net income rose to $36.
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Auto industry leaders emphasize urgency of Canadian EV response as U.S. cash flows

Auto industry leaders emphasize urgency of Canadian EV response as U.S. cash flows

TORONTO — Urgency was the key word at an electric vehicle conference Wednesday as manufacturers emphasized the need for more coordination and government support in order to take advantage of the tectonic shift underfoot in the automotive industry.
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Grammy-winning Canadian songwriter Tobias Jesso Jr. sells song catalogue to Hipgnosis

Grammy-winning Canadian songwriter Tobias Jesso Jr. sells song catalogue to Hipgnosis

TORONTO — Hot off winning two Grammys on Sunday, Canadian singer-songwriter Tobias Jesso Jr. has sold the rights for part of his song catalogue to a prominent music investment company.
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Tim Hortons master franchisee in China enters deal to develop Popeyes in China

Tim Hortons master franchisee in China enters deal to develop Popeyes in China

TORONTO — The parent company of the master franchisee of Tim Hortons coffee shops in China says it has signed a deal for the exclusive development of Popeyes in mainland China and Macau. TH International Ltd.
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Brookfield Asset Management fourth-quarter profit down from year ago

Brookfield Asset Management fourth-quarter profit down from year ago

TORONTO — Brookfield Asset Management Ltd. says its share of the latest quarterly profit of the asset management business it owns with Brookfield Corp. amounted to US$19 million.
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Auto prices to ease but affordability still a challenge with no quick fix: experts

Auto prices to ease but affordability still a challenge with no quick fix: experts

TORONTO — Automakers have made high-profile price cuts for some of the most well-known electric cars this year, but experts say the overall sticker shock of buying vehicles will prove harder to remove.
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Brookfield Reinsurance to buy Argo for US$1.1 billion in cash

Brookfield Reinsurance to buy Argo for US$1.1 billion in cash

TORONTO — Brookfield Reinsurance has signed a deal to buy Argo Group International Holdings for US$1.1 billion in cash. Argo is a U.S. focused underwriter of specialty insurance products.
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UK watchdog says Microsoft's Activision deal hurts gamers

UK watchdog says Microsoft's Activision deal hurts gamers

LONDON (AP) — Microsoft’s stalled $68.7 billion deal to buy video game company Activision Blizzard has hit a fresh hurdle in the United Kingdom, where the antitrust watchdog said Wednesday that it will stifle competition and hurt gamers.
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