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Shawcor sells substantial part of pipeline and pipe services business for $220M

Shawcor sells substantial part of pipeline and pipe services business for $220M

TORONTO — Shawcor Ltd. has signed a deal to sell a substantial part of its pipe coating division to Tenaris S.A. for about $220 million.
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Russia's central bank makes huge interest rate hike to try to prop up falling ruble

Russia's central bank makes huge interest rate hike to try to prop up falling ruble

TALLINN, Estonia (AP) — Russia’s central bank made a big interest rate hike Tuesday, an emergency move designed to fight inflation and strengthen the ruble after the country's currency reached its lowest value since early in the war with Ukraine.
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Home Depot tops expectations again, but signs of spending pullback by Americans

Home Depot tops expectations again, but signs of spending pullback by Americans

ATLANTA (AP) — Home Depot topped profit and sales expectations in its most recent quarter, but sales continued to decline as inflation and soaring interest rates play a larger role in the spending choices made by Americans.
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Russia's ruble hits its lowest level since early in the war. The central bank plans to step in

Russia's ruble hits its lowest level since early in the war. The central bank plans to step in

LONDON (AP) — The Russian ruble on Monday reached its lowest value since the early weeks of the war in Ukraine as Moscow increases military spending and Western sanctions weigh on its energy exports .
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Suncor earns $1.88 billion in Q2; takes restructuring charge related to layoffs

Suncor earns $1.88 billion in Q2; takes restructuring charge related to layoffs

CALGARY — Suncor Energy Inc. says it earned $1.88 billion in the second quarter of 2023, down from approximately $4 billion in the same period last year when oil prices were higher.
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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 Monday on the Toronto Stock Exchange: Toronto Stock Exchange (20,290.54, up 117.03): Suncor Energy Inc. (TSX:SU). Energy. Down 26 cents, or 0.61 per cent, to $42.40 on 19.6 million shares.
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Boralex shares jump 6% after reporting Q2 profit up from year ago

Boralex shares jump 6% after reporting Q2 profit up from year ago

MONTREAL — Shares in Boralex Inc. rose more than six per cent Monday after the renewable power producer reported its second-quarter profit rose compared with a year ago.
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Cargojet cutting costs as it reports Q2 profit and revenue down from year ago mark

Cargojet cutting costs as it reports Q2 profit and revenue down from year ago mark

Cargojet Inc.'s chief executive said Monday the air cargo company is cutting back on the "overspending" it incurred to meet a demand influx during the COVID-19 pandemic as it reported a decline in profit in its latest quarter.
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S&P/TSX composite down more than 100 points, U.S. stock markets rise

S&P/TSX composite down more than 100 points, U.S. stock markets rise

TORONTO — Canada's main stock index closed down more than 100 points Monday on broad-based weakness, while U.S. stock markets rose after a day of mixed trading. The S&P/TSX composite index closed down 117.03 points at 20,290.54.
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Survey shows employers, workers might be aligning on hybrid work

Survey shows employers, workers might be aligning on hybrid work

TORONTO — Around half of hiring managers and employees believe a combination of remote and in-office work to be the ideal setup, according to a survey which suggests both sides might be aligning on the issue more than three years after the COVID-19 p
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