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Unifor calls for national auto strategy, dedicated ministry to capture EV potential

Unifor is calling for a national auto strategy, and a dedicated federal government ministry to lead it, to capture the significant potential offered by the transition to electric vehicles.
OCS capping pot shop orders and changing delivery window after partner's cyberattack

OCS capping pot shop orders and changing delivery window after partner's cyberattack

TORONTO — Ontario's cannabis wholesaler is temporarily capping the number of products retailers can order and expanding its delivery window as it works through a backlog caused by a cyberattack on its logistics partner.
BRP operations remain frozen more than two days after cyberattack

BRP operations remain frozen more than two days after cyberattack

VALCOURT, Que. — Sea-Doo maker BRP Inc. says work at its factories remains at a standstill following a cyberattack it reported Monday.
Canadian Tire faces higher inventory levels after late spring, more goods in transit

Canadian Tire faces higher inventory levels after late spring, more goods in transit

Canadian Tire Corp. Ltd. is facing higher than usual inventory levels after a late start to warm weather sales combines with early shipments of fall and winter products. The company had an additional $465.
S&P/TSX composite up in late-morning trading, U.S. markets also rise

S&P/TSX composite up in late-morning trading, U.S. markets also rise

A broad-based rally pushed Canada's main stock index higher in late-morning trading, as U.S. stocks also climbed. The S&P/TSX composite index was up 156.58 points at 20,042.52. In New York, the Dow Jones industrial average was up 170.
Canada Pension Plan Investment Board loses 4.2% in Q1, net assets total $523B

Canada Pension Plan Investment Board loses 4.2% in Q1, net assets total $523B

TORONTO — Canada Pension Plan Investment Board says its fund, which includes the combination of the base CPP and additional CPP accounts, lost 4.2 per cent in its latest quarter.
Onex reports earnings loss amid 'challenging environment'

Onex reports earnings loss amid 'challenging environment'

TORONTO — Onex Corp. is reporting an earnings loss in its second quarter after its investments slipped in value.
US wholesale inflation fell in July for 1st time in 2 years

US wholesale inflation fell in July for 1st time in 2 years

WASHINGTON (AP) — Prices at the wholesale level fell from June to July, the first month-to-month drop in more than two years and a sign that some of the U.S. economy's inflationary pressures cooled last month.
How rising interest rates are making GICs more attractive for investors

How rising interest rates are making GICs more attractive for investors

OTTAWA — Rising interest rates might be bad news for Canadians with mortgages, but it also means higher rates on savings vehicles such as guaranteed investment certificates (GICs), prompting renewed interest in the investments.
Cineplex posts strongest quarterly results since COVID-19 pandemic began

Cineplex posts strongest quarterly results since COVID-19 pandemic began

TORONTO — Cineplex Inc. says it generated positive net income for the first time since the start of the pandemic. The movie theatre company says net income amounted to $1.