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National Business
National Business
Heavy burden for consumers as holidays near: Soaring prices
WASHINGTON (AP) — A worsening surge of inflation for such bedrock necessities as food, rent, autos and heating oil is setting Americans up for a financially difficult Thanksgiving and holiday shopping season. Prices for U.S. consumers jumped 6.
Nov 10, 2021 2:58 PM
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CGI sees profits surge by more than a third amid new IT and consulting bookings
MONTREAL — CGI Inc. said new bookings were the driving force behind a 37 per cent profit increase last quarter, as continued need for IT services in the COVID-19 pandemic boosted revenue.
Nov 10, 2021 2:36 PM
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US budget deficit eases to $165B in October, down 42%
The U.S. monthly budget deficit fell in October as the government collected more taxes from individuals and corporations thanks to a much improved economy emerging from the coronavirus pandemic.
Nov 10, 2021 2:23 PM
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Leon's Furniture Ltd. reports $63.8M-million Q3 profit, record revenue
TORONTO — Leon's Furniture Ltd. says it earned a record $63.8 million in its latest quarter, up from $49.1 million a year earlier, as revenue also set a record high.
Nov 10, 2021 2:22 PM
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Oilpatch drilling activity to rise in 2022, new PSAC forecast suggests
CALGARY — Drilling activity in the Canadian oilpatch will return to pre-pandemic levels in 2022, according to a new industry forecast.
Nov 10, 2021 1:02 PM
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'A different league:' Tim Hortons teams up with superstar Justin Bieber
Tim Hortons has teamed up with pop superstar Justin Bieber to launch three new Timbit flavours — called Timbiebs — along with co-branded merchandise.
Nov 10, 2021 12:54 PM
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Canadian Natural Resources to acquire Storm Resources for $6.28 per share
CALGARY — Canadian Natural Resources Ltd. (CNRL) says it has reached a deal to acquire Calgary-based oil and gas explorer Storm Resources Ltd. for $6.28 per share, a price that pegs Storm's enterprise value at $960 million.
Nov 10, 2021 12:29 PM
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RioCan REIT net income hit $137.6M in Q3 as businesses reopened following lockdowns
TORONTO — Lifting COVID-19 restrictions helped one of Canada's most prominent commercial landlords collect more rent in its most recent quarter than at any other point during the pandemic.
Nov 10, 2021 11:04 AM
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GM restarts truck production at Oshawa assembly plant
OSHAWA, Ont. — General Motors has restarted vehicle production at its Oshawa Assembly Plant after shutting operations down at the end of 2019.
Nov 10, 2021 10:47 AM
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CI Financial buying U.S. high-net worth investment manager Gofen and Glossberg
TORONTO — CI Financial Corp. has signed a deal to buy Gofen and Glossberg LLC, a U.S. wealth and investment management firm focused on high-net-worth families. Financial terms of the deal were not immediately available.
Nov 10, 2021 10:36 AM
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