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National Business
National Business
December retail sales fall 1.1% as inflation takes a toll
NEW YORK (AP) — Americans cut back on spending in December, the second consecutive month they've done so, underscoring how inflation and the rising cost of using credit cards slowed consumer activity over the crucial holiday shopping season.
Jan 18, 2023 3:44 PM
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Irving Oil refinery to use renewable natural gas made from food waste under new deal
ST. JOHN'S, N.L. — Irving Oil says it has teamed up with a renewable energy producer to supply its Saint John, N.B., refinery with carbon-negative renewable natural gas. The New Brunswick company says Anaergia Inc.
Jan 18, 2023 3:29 PM
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Pension funds improving on climate but overall still falling short: report
TORONTO — Canadian pension funds are falling short in responding to the climate crisis despite recent progress by some, said a report by an advocacy group out Wednesday.
Jan 18, 2023 3:16 PM
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At Davos, Zelenskyy urges allies to speed up push vs. Russia
DAVOS, Switzerland (AP) — Ukrainian President Volodymyr Zelenskyy told political leaders at the World Economic Forum meeting in Davos that Western supplies of weapons must outpace Russia’s attacks, urging the world to move faster because “tragedies a
Jan 18, 2023 2:16 PM
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Competition Bureau asked by Saskatoon chamber to investigate flights in Saskatchewan
SASKATOON — The Greater Saskatoon Chamber of Commerce is asking the federal competition regulator to investigate Air Canada's decision to end its flights between Saskatoon and Calgary and between Regina and Calgary.
Jan 18, 2023 2:15 PM
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Postmedia to move 12 Alberta papers to digital-only, will make layoffs
TORONTO — Postmedia is moving a dozen of its Alberta community newspapers to digital-only formats, eyeing more outsourcing deals for printing and laying off workers.
Jan 18, 2023 1:47 PM
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Shareholder Luxor Capital Goup opposes Ritchie Bros. deal to buy IAA
TORONTO — A shareholder of Ritchie Bros. Auctioneers Inc. says the company's plan to buy vehicle auction company IAA Inc. lacks compelling logic and it plans to oppose the deal. Ritchie Bros. has signed a deal to buy the U.S.
Jan 18, 2023 1:36 PM
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Hudson's Bay Company unveils 25 Zellers locations to open inside select stores
TORONTO — Hudson's Bay Company has unveiled a list of the first 25 Zellers locations to open inside select Hudson's Bay department stores across Canada.
Jan 18, 2023 1:19 PM
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BMO receives regulatory approval for Bank of the West acquisition
TORONTO — BMO Financial Group has secured the all-clear from U.S. regulators to close its US$16.3-billion takeover of California-based Bank of the West from BNP Paribas. The deal, expected to close on Feb.
Jan 18, 2023 12:59 PM
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MTY Food Group hikes dividend amid post-pandemic restaurant rebound, new acquisitions
MONTREAL — MTY Food Group Inc. has raised its quarterly dividend as the operator and franchisor of restaurants like Cold Stone Creamery, Manchu Wok and Thai Express continues its post-pandemic rebound.
Jan 18, 2023 11:55 AM
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