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Bell says more cost restructuring possible as Q2 net earnings fall almost 40%
Following a quarter in which it began cutting 1,300 positions, shuttered six radio stations and closed two foreign news bureaus, BCE Inc. says more cost restructuring could be in store in response to declining ad revenue and regulatory hurdles.
Aug 3, 2023 12:17 PM
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Consumer and business insolvencies rising under weight of higher interest rates
The Office of the Superintendent of Bankruptcy says both consumer and business insolvencies rose significantly in the second quarter amid heightened interest rates.
Aug 3, 2023 11:33 AM
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Toronto home sales and prices up from last July, down from June: TRREB
TORONTO — The Toronto Regional Real Estate Board says July's home sales, listings and prices edged up from the same time last year, but activity looks to be slowing in the face of higher interest rates.
Aug 3, 2023 11:20 AM
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Peer-to-peer car-sharing turns a corner — but are you ready to rent out your car?
When Jennifer Cummings flew down to Florida from St. John’s, N.L., last summer, she opted to arrive in style. The 41-year-old signed on to a “peer-to-peer” car-sharing site and rented a gleaming white Alfa Romeo SUV — from its private owner.
Aug 3, 2023 10:59 AM
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Lightspeed sees $46.7M net loss in Q1 as it launched products in new markets
MONTREAL — Lightspeed Commerce Inc. is reporting a US$48.7 million net loss in its most recent quarter as it introduced several products to new markets.
Aug 3, 2023 10:58 AM
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No injuries after timber beam falls from Hibernia offshore oil platform
ST. JOHN'S, N.L. — Newfoundland and Labrador's offshore petroleum regulator says nobody was injured in a potentially deadly accident on the deck of the Hibernia Platform last month.
Aug 3, 2023 10:08 AM
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Canada Goose sees $85M net loss in Q1 as it opens more international stores
TORONTO — Canada Goose Holdings Inc. says its most recent quarter delivered an $85 million net loss as it opened a handful of new international stores.
Aug 3, 2023 8:37 AM
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Bank of England raises its key interest rate to a new 15-year high to fight inflation
LONDON (AP) — The Bank of England raised its main interest rate Thursday to a fresh 15-year high as it tries to bring down persistently high inflation, poised to bring more pain to people who are seeing rents and mortgages rise during a cost-of-livin
Aug 3, 2023 7:32 AM
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Shopify optimistic about 'new shape' of business following layoff, AI announcements
Shopify Inc.'s president said a recent move to streamline operations with a significant layoff and bolster merchant offerings with technology like artificial intelligence has left the company well positioned for growth.
Aug 2, 2023 11:14 PM
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The Mega Millions jackpot has soared to $1.25 billion. Here's how hard it is to win
NEW YORK (AP) — There’s no shaking it. Your chances of winning the lottery are extremely slim . After no big winner Tuesday night, the Mega Millions jackpot climbed to an estimated $1.25 billion .
Aug 2, 2023 10:00 PM
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