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Saputo profit falls as various factors combine to offset higher revenue

Saputo Inc. says its first-quarter profit was down from the same time last year as a result of numerous negative factors including the cost of acquisitions, operating costs, currency fluctuations…

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Stocks in U.S. lift on strong earnings as trade fight caps gains

Stock markets lifted on Monday after strong corporate earnings helped Wall Street close higher, but a tariff dispute between the United States and China limited gains in equities while boosting…

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Syrian chocolate company in Antigonish set to double in size

An Antigonish, N.S., chocolate company founded by former Syrian refugees is set to double in size, again. When the Hadhad family arrived in Canada two years ago, they were determined to rebuild their…

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‘It’s going to be hard’: Sears pension payments cut by 30% this week

Many Sears Canada retirees found it hard to take this week when they got their first reduced pension payment — chopped by 30 per cent. They had been bracing for a 20…

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Why companies flush with tax-cut cash are spending more on share buybacks than wage hikes

Corporate earnings are on track for their best year ever, but at least some of the corresponding rise in stock prices is because of buybacks — a piece of financial alchemy that critics say diverts money…

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Flair Airlines pulling out of Hamilton, adding Toronto-Winnipeg route

Discount carrier Flair Airlines Ltd. said Friday it will stop serving Hamilton on Oct. 27, and plans to add more flights to Toronto. The Edmonton-based airline said it is it halting all service…

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No-deal Brexit risk ‘uncomfortably high,’ Bank of England’s Carney says

Britain faces an “uncomfortably high” risk of leaving the European Union with no deal, comments that drove sterling to an 11-day low against the dollar, Bank of England governor Mark Carney…

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Canadian newsprint producer hopes U.S. trade commission will overturn duties

North America’s largest newsprint producer hopes rare bipartisan political support in the United States will convince the U.S. International Trade Commission to overturn final import duties announced Thursday. The United…

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Tesla plans to build up to 55,000 Model 3s, profitably, in third quarter

Tesla said it would build up to 55,000 Model 3s in the current quarter at a positive gross margin, buoying hopes that the electric vehicle maker led by Elon Musk…

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Prices for canned goods about to go up in Canada as tariffs start to bite

Canadians should brace for higher prices on everything from soda to soup as manufacturers begin to feel the impact of the U.S.-Canada trade war and pass on the cost of…

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