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The US sanctions more foreign firms in a bid to choke off Russia's supplies for its war in Ukraine

The US sanctions more foreign firms in a bid to choke off Russia's supplies for its war in Ukraine

WASHINGTON (AP) — The United States on Thursday imposed a new round of sanctions on 130 firms and people from Turkey, China and the United Arab Emirates in an effort to choke off Russia's access to tools and equipment that support its invasion of Ukr
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Greater Toronto home sales drop 5.8 per cent in October amid high borrowing costs

Greater Toronto home sales drop 5.8 per cent in October amid high borrowing costs

TORONTO — Greater Toronto home sales fell 5.8 per cent last month compared with October 2022, with sales of townhouses recording the biggest decline.
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Maple Leaf Foods posts smaller loss of $4.3M in Q3 as market challenges ease

Maple Leaf Foods posts smaller loss of $4.3M in Q3 as market challenges ease

TORONTO — The head of Maple Leaf Foods Inc. said he's confident the company has "all the building blocks in place" for success as markets normalize.
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Canadian Natural president Tim McKay to retire, Scott Stauth to be promoted to role

Canadian Natural president Tim McKay to retire, Scott Stauth to be promoted to role

CALGARY — Canadian Natural Resources Ltd. president Tim McKay will retire next year after a five-year leadership stint that coincided with the Calgary-based company surpassing $100 billion in market value.
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Gildan Activewear reports lower earnings, rising sales in third quarter

Gildan Activewear reports lower earnings, rising sales in third quarter

MONTREAL — Gildan Activewear Inc. says it earned US$127.4 million in the third quarter, down 16.7 per cent from US$153 million a year earlier. The Montreal-based company says net sales rose 2.3 per cent to US$869.
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Nutrien optimistic on potash demand as earnings continue to take hit from volatility

Nutrien optimistic on potash demand as earnings continue to take hit from volatility

The unprecedented volatility in fertilizer markets that’s contributed to Nutrien Ltd.'s lower earnings so far this year is stabilizing, said chief executive Ken Seitz. "Much of that is behind us," said Seitz in an interview Thursday.
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Cogeco reports decline in profit despite record quarterly internet customer additions

Cogeco reports decline in profit despite record quarterly internet customer additions

MONTREAL — Cogeco Inc. reported a profit attributable to shareholders of $29.2 million in its fourth quarter, down 19.8 per cent from earnings of $36.4 million during the same period a year ago.
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Housing supply still outpacing demand in Vancouver market as sales increase

Housing supply still outpacing demand in Vancouver market as sales increase

VANCOUVER — The Real Estate Board of Greater Vancouver says the region continues to see an increase in newly listed properties, but sales still lag behind long-term trends. The board says October home sales totalled 1,996, a 3.
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October new vehicle sales up 20 per cent: DesRosiers

October new vehicle sales up 20 per cent: DesRosiers

TORONTO — DesRosiers Automotive Consultants Inc. says new vehicle sales defied affordability headwinds to rise an estimated 20 per cent in October compared with last year.
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TransAlta buying Heartland in deal worth $658 million including assumed debt

TransAlta buying Heartland in deal worth $658 million including assumed debt

CALGARY — TransAlta Corp. has signed a deal to buy Heartland Generation Ltd. and its power generation business in Alberta and B.C. in a deal valued at $658 million, including assumed debt.
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