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Nuvei says Q1 revenue up 20%, but reports loss due to Paya acquisition costs

Nuvei says Q1 revenue up 20%, but reports loss due to Paya acquisition costs

MONTREAL — Nuvei Corp. saw its first-quarter revenue rise 20 per cent compared with a year ago, but recorded a loss for the first three months of the year as it was hit by about US$20 million in costs related to its deal to buy U.S.
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Tim Hortons signs deal to start opening locations in South Korea later this year

Tim Hortons signs deal to start opening locations in South Korea later this year

TORONTO — Tim Hortons says the coffee and doughnut chain has signed a deal to open locations in South Korea starting later this year. The company says it has signed a master franchise agreement with BKR Co. Ltd.
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Biden: Debt meeting 'productive,' default 'not an option'

Biden: Debt meeting 'productive,' default 'not an option'

WASHINGTON (AP) — President Joe Biden and congressional leaders confronted each other on the debt limit impasse Tuesday, ending their meeting with no breakthrough but agreeing to meet again this week to try to avert the looming risk of an unprecedent
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Great-West Lifeco sees net earnings drop, base earnings rise in first quarter

Great-West Lifeco sees net earnings drop, base earnings rise in first quarter

WINNIPEG — Great-West Lifeco Inc. says net earnings for its first quarter were $595 million, down more than 55 per centfrom $1.3 billion a year earlier.
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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 (20,585.73, up 0.58): Tourmaline Oil Corp. (TSX:TOU). Energy. Up $1.51, or 2.62 per cent, to $59.24 on 12.6 million shares. Enbridge Inc.
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Pet Valu posts lower profit as company sets sights on up to 50 new stores

Pet Valu posts lower profit as company sets sights on up to 50 new stores

Pet Valu Holdings Ltd. is looking to open 40 to 50 new stores this year as it looks to capitalize on the surge in adoption of furry companions during the pandemic.
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S&P/TSX composite closes flat Tuesday, U.S. markets move lower

S&P/TSX composite closes flat Tuesday, U.S. markets move lower

TORONTO — Canada's main stock index was flat Tuesday, reversing minor losses from earlier in the day, while U.S. markets moved lower. The S&P/TSX composite index was up 0.58 points at 20,585.73.
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Hudson's Bay cutting 250 corporate jobs amid efforts to 'flatten' company

Hudson's Bay cutting 250 corporate jobs amid efforts to 'flatten' company

Hudson's Bay is laying off another 250 workers, the second round of cutbacks this year, the company said Tuesday, bringing the total number of employees laid off this year to about 500. The Canadian retail arm of Hudson's Bay Co.
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SNC-Lavalin stock soars as it looks to U.S. for growth, and M&As — eventually

SNC-Lavalin stock soars as it looks to U.S. for growth, and M&As — eventually

MONTREAL — SNC-Lavalin Group Inc. sees the United States as ripe with growth potential in energy and infrastructure, key areas that helped the company swing to a profit last quarter — and sent its stock skyward.
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New Suncor CEO Kruger focused on cost-cutting, will 'play to win'

New Suncor CEO Kruger focused on cost-cutting, will 'play to win'

CALGARY — The new top boss at Suncor Energy Inc. says he will be sharply focused on cost-cutting as he embarks on the task of improving performance at the oilsands giant.
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