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California faces record $68 billion budget deficit, nonpartisan legislative analyst says

California faces record $68 billion budget deficit, nonpartisan legislative analyst says

SACRAMENTO, Calif. (AP) — California is facing a record $68 billion budget deficit, state officials announced Thursday, forcing hard choices for Democratic Gov. Gavin Newsom in his final term as he works to build his national profile .
Lululemon earns US$248.7 million in third quarter, revenue rises to US$2.2 billion

Lululemon earns US$248.7 million in third quarter, revenue rises to US$2.2 billion

VANCOUVER — Lululemon Athletica Inc. says its net income for the third quarter was US$248.7 million, compared with US$255.6 million a year earlier. The Vancouver-based apparel company says net revenue for the quarter was US$2.2 billion, up from US$1.
Telus urges support for broadcast distributors as CRTC hearing set to wrap up

Telus urges support for broadcast distributors as CRTC hearing set to wrap up

Telus Corp. is urging the CRTC to address a "dramatically" changing industry landscape, echoing its Canadian broadcasting rivals, as the federal regulator's three-week hearing held in response to the Online Streaming Act winds down.
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 Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,278.51, up 4.30 points): Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down $1.82, or 2.14 per cent, to $83.27 on 21.
Community-building businesses look to fill societal gap

Community-building businesses look to fill societal gap

TORONTO — When Joshua Zachariah was a teenager, he was enamoured with bars — or at least his idea of them.
S&P/TSX composite ekes out gain Thursday, U.S. stock markets rise

S&P/TSX composite ekes out gain Thursday, U.S. stock markets rise

TORONTO — Canada's main stock index eked out a gain Thursday as base metals helped offset weakness in energy, while U.S. markets rose. The S&P/TSX composite index closed up 4.30 points at 20,278.51. Big technology stocks helped lift U.S.
Laurentian Bank reports profit down from system outage, cuts 2% of staff

Laurentian Bank reports profit down from system outage, cuts 2% of staff

Laurentian Bank of Canada said Thursday it was cutting staff and revamping its strategic plan as it works to move past a major system outage in September and the subsequent ousting of its chief executive.
Oil and gas sector warns emissions cap could lead to production curtailments

Oil and gas sector warns emissions cap could lead to production curtailments

Canada's oil and gas industry is warning that Ottawa's emissions cap framework could result in significant production curtailments by companies and higher energy prices for consumers.
Stock market today: Wall Street rises ahead of a highly anticipated jobs report

Stock market today: Wall Street rises ahead of a highly anticipated jobs report

NEW YORK (AP) — Wall Street closed higher following its first three-day losing streak since Halloween. The S&P 500 rose 0.8% Thursday and continued to hang near its highest level since March 2022. The Dow Jones Industrial Average rose 0.
Surge in newcomers putting pressure on inflation via housing demand: BoC official

Surge in newcomers putting pressure on inflation via housing demand: BoC official

OTTAWA — The recent surge in newcomers is adding to inflation through housing demand, a senior Bank of Canada official said Thursday, warning rental and home prices could continue to rise without a boost to housing supply.