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Telecoms must up network investments to meet growing demand for mobile data: report

Telecoms must up network investments to meet growing demand for mobile data: report

TORONTO — While Canada’s largest telecom company is set to slash spending on its fibre network expansion, industry stakeholders say phone carriers will need to boost their network investments amid forecasts that data consumption could double by 2027.
Stock market today: Wall Street ticks up as falling oil prices and Treasury yields ease the pressure

Stock market today: Wall Street ticks up as falling oil prices and Treasury yields ease the pressure

NEW YORK (AP) — Stocks ticked higher on Wall Street as markets continue to absorb the big swings that have shaken them in recent weeks. The S&P 500 rose 0.3% Tuesday.
Loblaw raises the affordability alarm as grocery code of conduct nears completion

Loblaw raises the affordability alarm as grocery code of conduct nears completion

As the grocery code of conduct nears completion, the Canadian industry's biggest player is raising concerns the guidelines could add fuel to the food inflation fire. Loblaw Companies Ltd.
WeWork seeking to exit some Canadian locations as part of bankruptcy filings

WeWork seeking to exit some Canadian locations as part of bankruptcy filings

TORONTO — WeWork Inc. is seeking an early exit of several Canadian leases as part of bankruptcy proceedings for the once high-flying office sharing company.
Significant update on Pathways Alliance project coming soon: MEG Energy CEO

Significant update on Pathways Alliance project coming soon: MEG Energy CEO

CALGARY — The CEO of one of the oilsands companies behind the Pathways Alliance says the group expects to provide a significant update on its proposed $16.5-billion carbon capture and storage project within the next couple of months.
Statistics Canada reports $2B merchandise trade surplus for September

Statistics Canada reports $2B merchandise trade surplus for September

OTTAWA — Canada's merchandise trade surplus more than doubled in September as higher oil prices helped boost energy exports.
Consumer spending drop dents Cargojet earnings: CEO

Consumer spending drop dents Cargojet earnings: CEO

MISSISSAUGA, Ont. — The slide in consumer spending has squeezed Cargojet Inc.'s bottom line, its CEO says, as Canadians shell out less on goods that land on shelves and doorsteps after a trip by air freighter.
Portuguese prime minister resigns after being caught up in corruption probe

Portuguese prime minister resigns after being caught up in corruption probe

LISBON, Portugal (AP) — Portuguese Prime Minister António Costa said Tuesday he is resigning after being involved in a widespread corruption probe.
Ballard Power Systems reports Q3 loss, revenue up nearly 30% from year ago

Ballard Power Systems reports Q3 loss, revenue up nearly 30% from year ago

VANCOUVER — Ballard Power Systems Inc. reported a larger loss in its latest quarter compared with a year ago despite a nearly 30 per cent rise in revenue. The fuel cell company, which keeps its books in U.S. dollars, says it lost US$62.
Power producer TransAlta reports Q3 profit up from year ago

Power producer TransAlta reports Q3 profit up from year ago

CALGARY — TransAlta Corp. reported its third-quarter profit rose compared with a year ago as its power production and revenue also came in higher.