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'No cuts coming': Shopify president says company has no plans for another layoff

'No cuts coming': Shopify president says company has no plans for another layoff

TORONTO — As a growing number of tech companies carry out successive rounds of layoffs, Shopify Inc.'s president says there are no more cuts in the works for the Ottawa-based e-commerce company.
Group: Tesla workers fired after union push at NY plant

Group: Tesla workers fired after union push at NY plant

Several employees at a Tesla factory in New York have been fired a day after launching union organizing efforts, according to Tesla Workers United, but the company says they're not related.
Federal ministers send Nunavut diamond mine proposal to environmental review

Federal ministers send Nunavut diamond mine proposal to environmental review

Federal ministers have agreed with the Nunavut Impact Review Board that a proposal for a new diamond mine in the territory should undergo a public review. De Beers Canada Inc.
Persistently high inflation makes businesses less competitive: BoC's Beaudry

Persistently high inflation makes businesses less competitive: BoC's Beaudry

EDMONTON — Bank of Canada deputy governor Paul Beaudry says returning inflation to the central bank's two per cent target is critical because high and volatile inflation makes the economy inefficient and businesses less competitive.
Prominent businessman Mitch Garber pitches local ownership for Montreal Gazette

Prominent businessman Mitch Garber pitches local ownership for Montreal Gazette

MONTREAL — A prominent businessman and lawyer who believes the Montreal Gazette needs local ownership has offered to take a stake in the newspaper, but he said Thursday he hasn't heard back from its owner.
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 Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,606.42, down 113.97): Manulife Financial Corp. (TSX:MFC). Financials. Up 99 cents, or 3.79 per cent, to $27.12 on 26.
Oppose Canada's 'xenophobic' foreign property tax, U.S. critics urge Biden admin

Oppose Canada's 'xenophobic' foreign property tax, U.S. critics urge Biden admin

WASHINGTON — The federal government is giving in to the same nationalist impulses it has been fighting for years in the United States, say critics on both sides of the border who oppose Ottawa's new push to discourage foreigners from owning Canadian
Tesla recalls 'Full Self-Driving' to fix flaws in behavior

Tesla recalls 'Full Self-Driving' to fix flaws in behavior

DETROIT (AP) — Tesla is recalling nearly 363,000 vehicles in the U.S.
S&P/TSX composite down more than 100 points, U.S. markets fall further

S&P/TSX composite down more than 100 points, U.S. markets fall further

TORONTO — Canada's main stock index lost just over half a per cent Thursday amid weakness in energy and technology, while U.S. markets fell further. The S&P/TSX composite index was down 113.97 points at 20,606.42.
Cenovus CEO Pourbaix to step down, become executive chair; Jon McKenzie to be new CEO

Cenovus CEO Pourbaix to step down, become executive chair; Jon McKenzie to be new CEO

CALGARY — Cenovus Energy Inc. chief executive Alex Pourbaix will step down from his CEO role later this year to devote more time to his evolving role as an outspoken champion of Canada's oilsands industry and its decarbonization ambitions.