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China sanctions Lockheed Martin, Raytheon for Taiwan sales

China sanctions Lockheed Martin, Raytheon for Taiwan sales

BEIJING (AP) — China on Thursday imposed trade and investment sanctions on Lockheed Martin and a unit of Raytheon for supplying weapons to Taiwan, stepping up efforts to isolate the island democracy claimed by the ruling Communist Party as part of it
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Shopify reports $623.6 million net loss in Q4, revenue up 26%

Shopify reports $623.6 million net loss in Q4, revenue up 26%

TORONTO — Shopify Inc. executives warned investors and analysts that it is expecting personnel expenses to weigh on its 2023 outlook as it revealed its most recent quarter delivered a loss of US$623.6 million.
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S&P/TSX composite edges upward despite energy losses, U.S. markets also up

S&P/TSX composite edges upward despite energy losses, U.S. markets also up

TORONTO — Losses in energy on Canada's main stock index were offset by gains in other sectors, with the index posting a minor gain Wednesday, while U.S. markets were also up. The S&P/TSX composite index was up 15.60 points at 20,720.39.
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Kinross reports loss of US$106 million in Q4, earnings of $31.9 million in 2022

Kinross reports loss of US$106 million in Q4, earnings of $31.9 million in 2022

TORONTO — Kinross Gold Corp. says it saw a loss of US$106 million from continuing operations in the fourth quarter of 2022, down from a loss of $66.2 million during the same quarter a year earlier. The company, which reports in U.S.
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Nutrien sees 2022 earnings more than double despite softness in Q4

Nutrien sees 2022 earnings more than double despite softness in Q4

SASKATOON — Nutrien Ltd. says it earned $1.1 billion in the fourth quarter of 2022, down seven per cent from the same quarter a year earlier. Earnings per diluted share for the quarter ended Dec. 31 were $2.15, up from $2.11 a year earlier.
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Retail sales jump as Americans defy inflation and rate hikes

Retail sales jump as Americans defy inflation and rate hikes

WASHINGTON (AP) — America's consumers rebounded last month from a weak holiday shopping season by boosting their spending at stores and restaurants at the fastest pace in nearly two years, underscoring the economy's resilience in the face of higher p
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Manulife net income slips in Q4 but up for 2022 as a whole

Manulife net income slips in Q4 but up for 2022 as a whole

TORONTO — Manulife Financial Corp. says earnings slipped in the fourth quarter compared with a year earlier but rose for the full 2022 financial year. The insurance giant says net income attributable to shareholders came in at $1.
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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 Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,720.39, up 15.60): Enbridge Inc. (TSX:ENB). Energy. Down 17 cents, or 0.32 per cent, to $52.89 on 19.7 million shares.
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Stocks eke out gains after blowout data on retail sales

Stocks eke out gains after blowout data on retail sales

NEW YORK (AP) — Stocks closed slightly higher on Wall Street after a report showed U.S. shoppers opened their wallets at stores last month by much more than expected. The S&P 500 eked out a gain of 0.3% Wednesday after erasing an early loss.
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Barclays, once major funder, commits to stop financing oilsands

Barclays, once major funder, commits to stop financing oilsands

Barclays PLC, once a major oilsands funder, says it will no longer provide financing to the industry.
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