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Saputo announces transition plan for president, CEO in August

Saputo announces transition plan for president, CEO in August

MONTREAL — Saputo Inc. says its president and CEO Lino Saputo plans to transition to the role of executive chair of the board. The Montreal-based dairy processor says the transition will take effect Aug.
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LifeLabs class-action payments of $7.86 start flowing to more than 900,000 claimants

LifeLabs class-action payments of $7.86 start flowing to more than 900,000 claimants

TORONTO — Canadians who applied to be part of a class-action lawsuit against LifeLabs Inc. are now receiving cheques and e-transfers.
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ExxonMobil readying to drill exploratory deepwater oil well off Newfoundland

ExxonMobil readying to drill exploratory deepwater oil well off Newfoundland

ST. JOHN'S, N.L. — One of the world's largest oil companies is preparing to drill an exploratory deepwater oil well about 500 kilometres off the eastern coast of Newfoundland.
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (22,243.34, down 15.83 points): Enbridge Inc. (TSX:ENB). Energy. Down $1.18, or 2.28 per cent, to $50.50 on 24.5 million shares.
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S&P/TSX composite edges lower, U.S. stock markets climb as Nasdaq posts new record

S&P/TSX composite edges lower, U.S. stock markets climb as Nasdaq posts new record

TORONTO — Canada's main stock index edged lower Tuesday, led by weakness in energy stocks, while U.S. markets rose and the Nasdaq posted a new record high.
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Via Rail hopes to beat 2019 ridership levels this year, even as losses deepen

Via Rail hopes to beat 2019 ridership levels this year, even as losses deepen

MONTREAL — Via Rail notched a big jump in ridership last year, continuing a three-year trend ahead of an expected record number of customers in 2024. In its annual report Tuesday, the Crown corporation said some 4.
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Stock market today: Wall Street ends higher, sending Nasdaq to a record high

Stock market today: Wall Street ends higher, sending Nasdaq to a record high

NEW YORK (AP) — Stocks ended higher on Wall Street, sending the Nasdaq composite to another record. The S&P 500 rose 0.5%, and is sitting just shy of its own all-time high. The Dow Jones Industrial Average added 0.3%.
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Argentina reports its first single-digit inflation in 6 months as markets swoon and costs hit home

Argentina reports its first single-digit inflation in 6 months as markets swoon and costs hit home

BUENOS AIRES, Argentina (AP) — Argentina’s monthly inflation rate eased sharply to a single-digit rate in April for the first time in half a year, data released Tuesday showed, a closely watched indicator that bolsters President Javier Milei’s severe
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$1.6B parts plant for Honda electric vehicle batteries coming to Niagara Region

$1.6B parts plant for Honda electric vehicle batteries coming to Niagara Region

A Japanese company is building an approximately $1.6-billion plant in Ontario's Niagara Region that will make a key electric vehicle battery component as part of Honda's supply chain in the province.
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Fed's Powell downplays potential for a rate hike despite higher price pressures

Fed's Powell downplays potential for a rate hike despite higher price pressures

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his view that price increases would soon start to cool agai
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