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National Business
National Business
Retail sales rise 0.3% in November as Americans hit gas, not brakes on shopping, travel, restaurants
NEW YORK (AP) — Americans picked up their spending from October to November unexpectedly as the unofficial holiday season kicked off, underscoring the power of shoppers despite elevated prices. Retail sales rose 0.
Dec 14, 2023 5:39 PM
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Gildan shareholders seek CEO reinstatement, allege 'grievous error' by board
MONTREAL — Two of Gildan Activewear Inc.'s shareholders are demanding its former chief executive be reappointed to the company's top post. In letters sent to Gildan's board of directors, Browning West LP and Turtle Creek Asset Management Inc.
Dec 14, 2023 5:29 PM
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Canada's biggest banks come in at bottom of low-carbon finance ranking
TORONTO — A report by BloombergNEF finds that while Canada's top five banks are among the biggest energy financiers globally, they rank among the worst of the top 100 when measured on how much of that funding is directed to low-carbon sources.
Dec 14, 2023 5:22 PM
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Pope, once a victim of AI-generated imagery, calls for treaty to regulate artificial intelligence
ROME (AP) — Pope Francis on Thursday called for an international treaty to ensure artificial intelligence is developed and used ethically, arguing that the risks of technology lacking human values of compassion, mercy, morality and forgiveness are to
Dec 14, 2023 5:12 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,778.80, up 149.35 points): Royal Bank of Canada. (TSX:RY). Finance. Up $2.24, or 1.74 per cent, to $130.86 on 14.4 million shares.
Dec 14, 2023 4:47 PM
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S&P/TSX composite gains almost 150 points, U.S. stock markets also higher
TORONTO — Base metal and battery metal stocks led a broad-based rally on the TSX Thursday, as Canada's main stock index climbed almost 150 points, while U.S. stock markets also moved higher. The S&P/TSX composite index closed up 149.
Dec 14, 2023 4:44 PM
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Empire promises to crack down on supplier price increase requests as Q2 profit slips
Empire Co. Ltd. is planning to crack down on what it says are unjustifiable cost increase requests from some of its biggest suppliers.
Dec 14, 2023 4:38 PM
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Stock market today: Wall Street rises again as the Dow ticks to another record
NEW YORK (AP) — Most of Wall Street rose Thursday following its big rally from the day before on excitement that several cuts to interest rates may indeed be coming next year. The S&P 500 gained 0.3% to pull within 1.
Dec 14, 2023 4:26 PM
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Transat sees bright skies ahead despite rising competition, falling disposable income
MONTREAL — The head of Transat AT Inc. said consumers show little sign of travel wariness, but increased competition and customer financial strain have begun to thin out profit margins even as the travel company guns for major growth next year.
Dec 14, 2023 3:36 PM
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Tim Hortons, Telus and Esso reinstate support for Hockey Canada following scandal
TORONTO — A trio of sponsors are backing Hockey Canada once more, after pulling support for the organization when it was embroiled in scandal last year. Fast food chain Tim Hortons, telecommunications firm Telus Corp.
Dec 14, 2023 2:41 PM
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