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MEG Energy sees third-quarter earnings, bitumen production rise

MEG Energy sees third-quarter earnings, bitumen production rise

MEG Energy Corp. says it earned $249 million in the third quarter, up from $156 million a year earlier. The Calgary-based energy company says earnings per diluted share were 86 cents, up from 51 cents during the same quarter last year.
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Workers at Freedom Mobile unionize, ink first collective agreement

Workers at Freedom Mobile unionize, ink first collective agreement

LAVAL, Que. — Teamsters Canada says retail and call centre workers at Freedom Mobile across the country have unionized after a six-month organizing drive and negotiated their first collective agreement.
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ChatGPT-maker OpenAI hosts its first big tech showcase as the AI startup faces growing competition

ChatGPT-maker OpenAI hosts its first big tech showcase as the AI startup faces growing competition

SAN FRANCISCO (AP) — Less than a year into its meteoric rise, the company behind ChatGPT unveiled the future it has in mind for its artificial intelligence technology on Monday, launching a new line of chatbot products that can be customized to a var
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Cadillac Fairview shifts Montreal development project to rentals from office space

Cadillac Fairview shifts Montreal development project to rentals from office space

TORONTO — A real estate project that was slated to be office space in downtown Montreal will instead be built as rental apartments, Cadillac Fairview Corp. Ltd. said on Monday.
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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 Monday on the Toronto Stock Exchange: Toronto Stock Exchange (19,743.94, down 80.91 points): Manulife Financial Corp. (TSX:MFC). Finance. Down nine cents, or 0.35 per cent, to to $25.39 on 8.
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BAT increasing its stake in Organigram with $124.6M investment

BAT increasing its stake in Organigram with $124.6M investment

TORONTO — Shares of Organigram Holdings Inc. rose almost 19 per cent after it says BAT signed a deal to increase its stake in the cannabis company by investing $124.6 million. The company says it plans to use $83.
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Energy weakness weighs on S&P/TSX composite, while U.S. stock markets rise

Energy weakness weighs on S&P/TSX composite, while U.S. stock markets rise

TORONTO — Weakness in energy stocks weighed on Canada's main stock index Monday, while U.S. markets edged higher to start the week. The S&P/TSX composite index closed down 80.91 points at 19,743.94.
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Stock market today: Wall Street drifts and holds steadier after last week's big swings

Stock market today: Wall Street drifts and holds steadier after last week's big swings

NEW YORK (AP) — Stocks drifted to a mixed close as Wall Street’s wild recent moves calm a bit. The S&P 500 rose 0.2% Monday in its first trading after careening from months of sharp losses to its best week of the year.
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Zara Canada being investigated by ethics watchdog over alleged links to forced labour

Zara Canada being investigated by ethics watchdog over alleged links to forced labour

OTTAWA — Canada's corporate ethics czar says it has launched a fact-finding investigation into allegations that Zara Canada Inc. is working with companies that use forced labour in China.
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OMERS pension plan acquires five per cent indirect stake in MLSE

OMERS pension plan acquires five per cent indirect stake in MLSE

TORONTO — The OMERS pension plan has acquired a five per cent indirect stake in Maple Leaf Sports & Entertainment for US$400 million. The investment comes through a 20 per cent direct stake in Kilmer Sports Inc.
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