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Statistics Canada reports manufacturing and wholesale sales down in December

Statistics Canada reports manufacturing and wholesale sales down in December

OTTAWA — Statistics Canada says manufacturing sales fell for a second consecutive month in December as they dropped 1.5 per cent to $71.0 billion. The agency says manufacturing sales were down in 14 of 21 industries in December, led by a 6.
Barrick Gold reports US$735M Q4 loss compared with $726M profit a year earlier

Barrick Gold reports US$735M Q4 loss compared with $726M profit a year earlier

TORONTO — Barrick Gold Corp. reported a US$735-million loss in its fourth quarter compared with a profit of US$726 million in the same quarter a year earlier. The gold miner, which reports its results in U.S.
CMHC says annual rate of housing starts slowed 13 per cent in January

CMHC says annual rate of housing starts slowed 13 per cent in January

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts fell 13 per cent in January.
Elon Musk hopes to have Twitter CEO toward the end of year

Elon Musk hopes to have Twitter CEO toward the end of year

DUBAI, United Arab Emirates (AP) — Billionaire Elon Musk said Wednesday that he anticipates finding a CEO for Twitter “probably toward the end of this year.
What tech layoffs, temporary foreign workers and boomers mean for the labour force

What tech layoffs, temporary foreign workers and boomers mean for the labour force

TORONTO — Canada's economy has seen a constant stream of layoffs hitting companies from the tech sector and beyond in recent months while many employers lament a shortage of workers, but neither seems to be weighing heavily on the country's jobs numb
Suncor's fourth-quarter profits increase 76 per cent to $2.74 billion

Suncor's fourth-quarter profits increase 76 per cent to $2.74 billion

CALGARY — Suncor Energy Inc. says it earned $2.74 billion in the fourth quarter of 2022, a 76 per cent increase from the $1.55 billion it earned in the same three months of 2021.
West Fraser Timber reports loss in Q4 as interest rates weigh on U.S. construction

West Fraser Timber reports loss in Q4 as interest rates weigh on U.S. construction

VANCOUVER — West Fraser Timber Co. Ltd. says it saw losses of US$94 million in the fourth quarter of 2022, down more than 128 per cent from earnings of US$334 million during the same quarter a year earlier. The company, which reports in U.S.
First Quantum Minerals sees earnings rise in 2022 despite drop in fourth quarter

First Quantum Minerals sees earnings rise in 2022 despite drop in fourth quarter

TORONTO — First Quantum Minerals Ltd. says it earned US$117 million in the fourth quarter of 2022, 52.
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 Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,704.79, up 2.56): Enbridge Inc. (TSX:ENB). Energy. Down $1.48, or 2.71 per cent, to $53.06 on 19 million shares.
Pandemic benefits reduced child poverty, government should build on success: report

Pandemic benefits reduced child poverty, government should build on success: report

OTTAWA — Pandemic benefits rolled out to cushion the blow of COVID-19 lockdowns on workers had the positive side effect of dramatically reducing poverty levels overall. Now, advocates want to see the federal government build on that success.