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National Business
National Business
Slightly more Americans apply for jobless benefits last week
WASHINGTON (AP) — The number of Americans applying for jobless benefits rose slightly last week, but the labor market remains healthy despite job cuts that have begun to spread across industries most affected by soaring interest rates, such as housin
Nov 10, 2022 6:02 AM
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Ont. AI sector saw big job gains recently, but won't be unscathed by downturn: report
TORONTO — Research shows Ontario's artificial intelligence industry saw tremendous growth before this year's broader tech downturn materialized, but the sector is unlikely to remain unscathed.
Nov 10, 2022 6:00 AM
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Cascades reports third-quarter loss, sales up from year ago
KINGSEY FALLS, Que. — Cascades Inc. reported a loss in its latest quarter compared with a profit a year ago as its sales rose.
Nov 10, 2022 5:17 AM
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Unions say turnover rate high for new security officers as busy holiday season looms
TORONTO — Unions representing airport security screeners say turnover for new employees is high despite efforts to hire more workers, with as few as one in three recent hires still on the job in some regions.
Nov 10, 2022 1:00 AM
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Facebook parent Meta cuts 11,000 jobs, 13% of workforce
Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday.
Nov 9, 2022 5:12 PM
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Musk seeks to reassure advertisers on Twitter after chaos
Elon Musk sought to reassure big companies that advertise on Twitter on Wednesday that his chaotic takeover of the social media platform won’t harm their brands, acknowledging that some “dumb things” might happen on his way to creating what he says w
Nov 9, 2022 3:29 PM
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Cryptocurrencies plunge as Binance scraps deal for rival FTX
NEW YORK (AP) — Cryptocurrency prices plunged for a second-straight day after crypto exchange Binance said it was pulling out of a deal to purchase failing rival FTX Trading.
Nov 9, 2022 3:29 PM
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Ottawa could reap $4.4 billion from extending windfall tax to other sectors: PBO
OTTAWA — New analysis from the parliamentary budget officer suggests the federal government would pocket $4.4 billion in additional revenue if it extended the Canada Revenue Dividend to the oil and gas sector as well as big-box stores.
Nov 9, 2022 3:00 PM
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Manulife earning slip on market performance, hurricane costs
TORONTO — Manulife Financial Corp. says its earnings slipped in the third quarter as market losses and hurricane costs weighed. The insurance company says it had a net income of $1.35 billion for the quarter ending Sept. 30, down from $1.
Nov 9, 2022 2:40 PM
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WSP Global sees revenues rise nine per cent, earnings slip on costs and acquisitions
MONTREAL — WSP Global Inc. reported revenues of $2.9 billion in the third quarter ended Oct. 1, up 9.3 per cent from last year. The Montreal-based engineering firm says net earnings attributable to shareholders were $127.5 million, or $1.
Nov 9, 2022 2:21 PM
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