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Cogeco Communications Q3 profit increases five per cent to $100.3 million

Cogeco Communications Q3 profit increases five per cent to $100.3 million

MONTREAL — Cogeco Communications Inc. says its net profit in the third quarter increased five per cent to $100.3 million on a boost in revenues. The Montreal-based company says profit attributable to shareholders was the equivalent of $2.
Panasonic selects Kansas for vehicle battery mega-factory

Panasonic selects Kansas for vehicle battery mega-factory

TOPEKA, Kan. (AP) — Japan’s Panasonic Corp. selected Kansas as the location for a multibillion-dollar mega-factory to produce electric vehicle batteries for Tesla and other carmakers, Gov. Laura Kelly announced Wednesday.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (18,615.19, down 63.45 points.) Toronto-Dominion Bank (TSX:TD). Financials. Down 99 cents, or 1.2 per cent, to $79.84 on 9.
S&P/TSX composite bounces back from morning low after supersized rate hike

S&P/TSX composite bounces back from morning low after supersized rate hike

TORONTO — North American stock markets partially bounced back from disappointing news Wednesday of a supersized interest rate by the Bank of Canada and hotter than expected U.S. inflation numbers.
How the Bank of Canada's rate hike will impact mortgages, loans and spending

How the Bank of Canada's rate hike will impact mortgages, loans and spending

TORONTO — The Bank of Canada increased its key interest rate by one percentage point Wednesday in the largest hike the country has seen in 24 years.
Sri Lanka in crisis: President flees and ire turns to PM

Sri Lanka in crisis: President flees and ire turns to PM

COLOMBO, Sri Lanka (AP) — Sri Lanka’s president fled the country Wednesday, plunging a nation already reeling from economic chaos into more political turmoil .
Canadian food suppliers signal more price hikes coming to grocery stores this fall

Canadian food suppliers signal more price hikes coming to grocery stores this fall

Canadian food suppliers are once again issuing notices to grocery retailers informing them of upcoming price hikes.
Bank of Canada targets inflation expectations with full percentage point rate hike

Bank of Canada targets inflation expectations with full percentage point rate hike

OTTAWA — The Bank of Canada signaled a more aggressive approach to bringing skyrocketing inflation back under control as it hiked its key interest rate by a full percentage point on Wednesday, marking the largest single rate increase since August 199
US inflation surges again in June, raising risks for economy

US inflation surges again in June, raising risks for economy

WASHINGTON (AP) — U.S.
Shell to install 79 EV charging points at Canadian retail stations by end of year

Shell to install 79 EV charging points at Canadian retail stations by end of year

CALGARY — Shell Canada has announced plans to significantly expand its electric vehicle charging network across the country.