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Canadians worried about rising interest rates should recalibrate spending: experts

Canadians worried about rising interest rates should recalibrate spending: experts

TORONTO — After racking up debt through years of ultralow interest rates, Canadians are being urged to modify their spending as they face the prospect of rising borrowing costs coupled with soaring inflation.
Canada Goose issues chilly forecast for 2022 as COVID-19 restricts retail sales

Canada Goose issues chilly forecast for 2022 as COVID-19 restricts retail sales

TORONTO — Canada Goose Holdings Inc. has reduced its forecast for the year as new COVID-19 variant outbreaks and restrictions send a chill over the luxury parka maker's profit and revenue expectations.
Jobless claims fall again for third straight week

Jobless claims fall again for third straight week

WASHINGTON (AP) — The number of Americans applying for unemployment benefits declined for the third straight week. Jobless claims fell by 16,000 to 223,000 last week, from 239,000 the previous week, the Labor Department reported Thursday.
Brookfield Asset Management raises quarterly dividend, reports Q4 profit up

Brookfield Asset Management raises quarterly dividend, reports Q4 profit up

TORONTO — Brookfield Asset Management Inc. raised its dividend as it reported its fourth-quarter profit rose compared with a year earlier. The alternative asset manager, which keeps its books in U.S.
Manulife earned record $7.1 billion in 2021 as Q4 profit grew 17 per cent

Manulife earned record $7.1 billion in 2021 as Q4 profit grew 17 per cent

TORONTO — Manulife Financial Corp. says it earned record profits last year as fourth-quarter net income increased 17 per cent to $2.08 billion.
Trucker border blockades tighten bottlenecks on choked food and auto supply chains

Trucker border blockades tighten bottlenecks on choked food and auto supply chains

Amid delivery backlogs and bottlenecked ports, trucker blockades at U.S. border crossing points have added more pressure to an already overloaded supply chain, with the food and automotive sectors particularly vulnerable.
Saskatchewan residents share mix of fear, hope as province lifts COVID-19 measures

Saskatchewan residents share mix of fear, hope as province lifts COVID-19 measures

REGINA — Colin Hall's business was one of the first in Saskatchewan to require customers to show proof of COVID-19 vaccination last summer.
Ontario Court of Appeal dismisses CIBC effort to overturn overtime lawsuit

Ontario Court of Appeal dismisses CIBC effort to overturn overtime lawsuit

TORONTO — The Ontario Court of Appeal has dismissed efforts by the Canadian Imperial Bank of Commerce to overturn a ruling in an overtime class-action lawsuit filed more than a decade ago.
Sun Life fourth-quarter profit soars 45 per cent to $1.08 billion on India IPO gain

Sun Life fourth-quarter profit soars 45 per cent to $1.08 billion on India IPO gain

TORONTO — Sun Life Financial Inc. capped off a strong year with net income soaring 45 per cent to $1.08 billion in the fourth quarter, largely driven by the IPO of its India asset management joint venture.
Snoop Dogg takes over Death Row Records brand as owner

Snoop Dogg takes over Death Row Records brand as owner

LOS ANGELES (AP) — Snoop Dogg has taken over a popular record label that launched his stellar career.
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