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National Business
National Business
Canopy breaks out Canadian operations in new unit, lays off 55
SMITHS FALLS, Ont. — Canopy Growth Corp. says it will be breaking out its Canadian cannabis operations into a stand-alone business unit and laying off 55 staff. Brenna Eller, the Smiths Falls, Ont.
Nov 30, 2022 10:36 AM
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Western Forest Products to temporarily reduce lumber production levels in December
VANCOUVER — Western Forest Products Inc. says it will temporarily reduce its lumber production levels for the rest of the year. The Vancouver-based forest products company says the reduction will amount to about 200 million fewer board feet.
Nov 30, 2022 9:26 AM
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German gas importer Uniper seeks damages from Gazprom
BERLIN (AP) — German energy company Uniper said Wednesday it's suing Gazprom for damages over natural gas that hasn't been delivered since June, when the Russian supplier started reducing amounts to Germany.
Nov 30, 2022 8:44 AM
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Desjardins buying Guardian insurance, fund and investment distribution networks
MONTREAL — Desjardins Group has signed a deal to buy Guardian Capital Group Ltd.'s life insurance, mutual fund and investment distribution networks for $750 million.
Nov 30, 2022 8:41 AM
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Enbridge raising quarterly dividend, releases financial guidance for 2023
CALGARY — Enbridge Inc. is raising its quarterly dividend to shareholders. The pipeline company says it will now pay a quarterly dividend of 88.75 cents per share, up from 86 cents per share. Based on Enbridge's closing share price of $55.
Nov 30, 2022 7:00 AM
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Feds name doctors, academics and lawyer to Cannabis Act review panel
OTTAWA — The federal government has announced a panel of experts that will lead a statutory review of the country's Cannabis Act. Panel members include Dr.
Nov 30, 2022 6:57 AM
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Canadian Natural Resources plans $5.2 billion in capital spending in 2023
CALGARY — Canadian Natural Resources Ltd. says it expects to spend $5.2 billion on its capital budget next year as it looks to grow production. The company says the plan includes about $4.2 billion in base capital spending and $1.
Nov 30, 2022 6:55 AM
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US revises up last quarter's economic growth to 2.9% rate
WASHINGTON (AP) — Despite high interest rates and chronic inflation, the U.S. economy grew at a 2.9% annual rate from July through September, the government said Wednesday in a healthy upgrade from its initial estimate. Last quarter's rise in the U.
Nov 30, 2022 6:25 AM
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EU Commission proposes blocking billions in funds to Hungary
BRUSSELS (AP) — The European Union’s executive branch recommended Wednesday that billions of euros of EU funds allocated to Hungary remain frozen over its failure to implement solid rule-of-law reforms, a move highlighting the growing rift between th
Nov 30, 2022 4:59 AM
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Inflation in Europe eases but still in painful double digits
FRANKFURT, Germany (AP) — Inflation in Europe has eased for the first time in more than a year as energy prices drifted down from painful highs , but the double-digit rate still hovers near a record that has robbed consumers of their spending power a
Nov 30, 2022 3:29 AM
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