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Lululemon raises revenue guidance, but lowers expectations for gross margins
VANCOUVER — Lululemon Athletica Inc. raised its revenue guidance for its fourth quarter, but lowered its expectations for its gross margins. The company, which keeps its books in U.S.
Jan 9, 2023 7:24 AM
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Czech ex-Premier Babis acquitted in EU funds fraud case
PRAGUE (AP) — A Prague court on Monday acquitted former Prime Minister Andrej Babis of fraud charges in a $2 million case involving European Union subsidies.
Jan 9, 2023 2:13 AM
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Homebuyers hope 'patience pays off' as prices drop, recession predictions loom
TORONTO — Andrew Hamilton and his wife bid farewell to their home in Toronto's Junction neighbourhood roughly a year and a half ago, when housing prices were soaring, but finding a new abode proved tricky.
Jan 8, 2023 8:00 AM
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Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: Banking conference RBC Capital Markets hosts its Canadian bank CEO conference on Monday.
Jan 8, 2023 8:00 AM
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Cooler hiring and milder pay gains could aid inflation fight
WASHINGTON (AP) — America’s employers added a solid 223,000 jobs in December, evidence that the economy remains healthy even as the Federal Reserve is rapidly raising interest rates to try to slow economic growth and the pace of hiring .
Jan 6, 2023 4:11 PM
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S&P/TSX composite gains 300 points Friday, U.S. markets up more than 2 per cent
TORONTO — Canada's main stock index rose 1.58 per cent Friday on broad-based gains while U.S. markets were all up by more than two per cent. The S&P/TSX composite index was up 307.67 points at 19,814.51.
Jan 6, 2023 2:48 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (19,814.51, up 307.67): Suncor Energy Inc. (TSX:SU). Energy. Up $1.03, or 2.50 per cent, to $42.16 on 11.4 million shares.
Jan 6, 2023 2:44 PM
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Wall Street rallies on rate hopes, notches gain for the week
NEW YORK — Wall Street rallied amid hopes inflation may continue to cool and the Federal Reserve may ease up on its interest rate hikes following some mixed readings on the U.S. economy. The S&P 500 shook off a shaky start and closed 2.
Jan 6, 2023 2:10 PM
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Alzheimer's drug that modestly slows disease OK'd by FDA
WASHINGTON (AP) — U.S. health officials on Friday approved a closely watched Alzheimer’s drug that modestly slows the brain-robbing disease, albeit with potential safety risks that patients and their doctors will have to carefully weigh.
Jan 6, 2023 1:16 PM
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Labour market posts one last surprise for 2022, adds 104,000 jobs in December
OTTAWA — The Canadian labour market ended the year on a strong note as the economy added a whopping 104,000 jobs in December, showing no signs of the slowdown many economists have been anticipating.
Jan 6, 2023 12:25 PM
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