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CP Rail reports revenue, earnings up on higher shipping volumes

CP Rail reports revenue, earnings up on higher shipping volumes

CALGARY — Canadian Pacific Railway Ltd. says its revenue and earnings for the third quarter were up from last year as it saw strong demand for potash shipping and other services. The Calgary-based railway says revenues of $2.
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S&P/TSX composite up almost 200 points, U.S. markets mixed

S&P/TSX composite up almost 200 points, U.S. markets mixed

TORONTO — Canada's main stock index was up almost 200 points on Wednesday, buoyed by strength across all sectors on news of a half-percentage point interest rate hike, while U.S. markets were mixed, weighed down by tech stocks.
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What to know about inflation and Bank of Canada rate hikes

What to know about inflation and Bank of Canada rate hikes

OTTAWA — The Bank of Canada announced another hike to its key policy rate of half a percentage point, in an attempt to rein in decades-high inflation rates while facing stalled economic growth.
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Crescent Point Energy reports Q3 profit up from year ago, announces special dividend

Crescent Point Energy reports Q3 profit up from year ago, announces special dividend

CALGARY — Crescent Point Energy Corp. announced a special dividend for shareholders Wednesday, as continued high oil prices helped the Calgary-based oil and gas company deliver a five-fold increase in profits in its third quarter.
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Bank of Canada slows pace of rate hikes but Macklem warns more to come

Bank of Canada slows pace of rate hikes but Macklem warns more to come

OTTAWA — The Bank of Canada signalled it is drawing closer to the end of what's been one of the fastest rate hike cycles in its history Wednesday as it raised its key interest rate by a half-percentage point — but made it clear that more rate hikes a
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RBC aims to reduce financed emissions by between 11 and 54 per cent by 2030

RBC aims to reduce financed emissions by between 11 and 54 per cent by 2030

TORONTO — Royal Bank of Canada outlined Wednesday its climate ambitions for key sectors this decade with targets for lower financed emissions that critics say fall far short of what's needed.
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Champagne's conditions on Rogers-Shaw deal generally positive, analysts say

Champagne's conditions on Rogers-Shaw deal generally positive, analysts say

Analysts say new conditions laid out by Industry Minister François-Philippe Champagne Tuesday indicate a willingness to get the proposed $26-billion deal between Rogers Communications Inc. and Shaw Communications Inc. across the finish line.
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Saudi oil giant Aramco unveils $1.5B sustainability fund

Saudi oil giant Aramco unveils $1.5B sustainability fund

Saudi oil and gas company Aramco unveiled a $1.5 billion fund on Wednesday for sustainable investments, part of efforts to burnish the state-owned company's green credentials in an announcement ahead of the U.N.
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Thai transgender activist buys Miss Universe for $20 million

Thai transgender activist buys Miss Universe for $20 million

BANGKOK (AP) — A Thai business tycoon and transgender activist has purchased the Miss Universe Organization for $20 million, her company announced Wednesday. Chakrapong “Anne” Chakrajutathib, who controls JKN Global Group Public Co. Ltd.
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Competition Bureau raises concerns about WestJet-Sunwing deal

Competition Bureau raises concerns about WestJet-Sunwing deal

OTTAWA — The federal Competition Bureau has raised significant concerns about WestJet Airlines Ltd.
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