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Gold partially offsets the pain from invasion fears that led stock markets lower

Gold partially offsets the pain from invasion fears that led stock markets lower

TORONTO — Renewed fears about an impending invasion of Ukraine by Russia sent North American stock markets lower, but rising gold prices partially offset the pain on Canada's main stock index even as it lost all gains so far in 2022.
Canadian Tire orders inventory early, charters cargo ships to keep shelves stocked

Canadian Tire orders inventory early, charters cargo ships to keep shelves stocked

Canadian Tire Corp. Ltd. is ordering spring and summer products early and chartering its own cargo ships to import goods as it doubles down on an inventory strategy that's buoyed the retailer through the pandemic.
Saudi Arabia keeps lid on oil output as US gas prices rise

Saudi Arabia keeps lid on oil output as US gas prices rise

DUBAI, United Arab Emirates (AP) — Saudi Arabia is signaling it isn't willing to pump more oil and won't push for changes to an agreement with Russia and other producers that has kept a lid on oil production levels.
Omicron will hurt this quarter, but demand is returning, says Chorus CEO

Omicron will hurt this quarter, but demand is returning, says Chorus CEO

The head of Chorus Aviation Inc. says he expects flying activity will move closer to pre-pandemic levels in the second quarter, despite being thrown off course by the Omicron variant over the past two months.
MTY Group swings to 2021 profit as Q4 earnings jump 24% despite restaurant closures

MTY Group swings to 2021 profit as Q4 earnings jump 24% despite restaurant closures

MONTREAL — MTY Food Group Inc. swung to a profit last year as fourth-quarter earnings jumped 24 per cent despite government-mandated restaurant closures.
Canfor Pulp Products curtailing production at Taylor Pulp for at least six weeks

Canfor Pulp Products curtailing production at Taylor Pulp for at least six weeks

VANCOUVER — Canfor Pulp Products Inc. is curtailing production at its Taylor Pulp mill in B.C. for a minimum of six weeks due to transportation problems that have hurt its ability to ship product.
Weekly US jobless claims rise for the first time in a month

Weekly US jobless claims rise for the first time in a month

WASHINGTON (AP) — More Americans applied for employment benefits last week following three straight weeks of declines. Jobless claims rose by 23,000 to 248,000 last week, the Labor Department reported Thursday.
Wattpad CEO wants machine learning, monetization to play bigger role in company

Wattpad CEO wants machine learning, monetization to play bigger role in company

TORONTO — When Wattpad Corp.’s co-founder thinks about the future of his tech company, he envisions using machine learning and data to tweak stories that will be streamed on car entertainment systems or through voice assistants like Alexa and Siri.
Japan eases border controls amid criticism as exclusionist

Japan eases border controls amid criticism as exclusionist

TOKYO (AP) — Japan announced Thursday it will ease its tough COVID-19 border controls by increasing the number of people allowed to enter each day and reduce quarantine requirements following criticism that its current policy is unscientific and xeno
FAA head resigns after effort to rebuild agency's reputation

FAA head resigns after effort to rebuild agency's reputation

The leader of the Federal Aviation Administration, whose agency has been criticized for its oversight of Boeing and handling of questions surrounding 5G interference with aircraft, said Wednesday he will step down March 31.