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National Business
National Business
Linamar reports net income of $146.7 million in third quarter
GUELPH, Ont. — Linamar Corp. says it sales and income got a boost in the third quarter thanks in part to its diversification efforts away from contracts reliant on gasoline-powered vehicles. Sales were $2.43 billion in the third quarter, up from $2.
Nov 8, 2023 5:28 PM
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Energy losses drag S&P/TSX composite down Wednesday, U.S. markets mixed
TORONTO — Canada's main stock index edged lower Wednesday, led again by losses in energy as the price of oil continued to decline, while U.S. markets wobbled to a mixed close. The S&P/TSX composite index closed down 45.38 points at 19,530.21.
Nov 8, 2023 4:39 PM
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AI transformative for finance but not ready for prime time: RBC's McKay
TORONTO — Artificial intelligence is already showing its potential in transforming the financial sector, even though it's still early days, said RBC chief executive Dave McKay on Wednesday.
Nov 8, 2023 4:24 PM
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OpenAI CEO Sam Altman raises concerns about AI's effect on future elections
TORONTO — One of the most prominent figures in the world of artificial intelligence is concerned about the technology's potential effects during election campaigns.
Nov 8, 2023 3:47 PM
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Think scam calls are bad now? Experts warn growing use of AI will make problem worse
TORONTO — Generative artificial intelligence is expected to drastically change the way phone scammers target potential victims, including the potential for them to tailor their attacks toward specific recipients.
Nov 8, 2023 3:08 PM
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Former Bank of Canada governor Stephen Poloz wins National Business Book Award
TORONTO — Former Bank of Canada governor Stephen Poloz has won the National Business Book Award this year. Poloz was nominated for a book called "The Next Age of Uncertainty: How the World Can Adapt to a Riskier Future.
Nov 8, 2023 2:30 PM
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BoC's governing council split on whether interest rates need to rise further
OTTAWA — Further interest rate hikes from the Bank of Canada are very much still on the table as its governing council remains split on whether rates may need to rise further.
Nov 8, 2023 2:20 PM
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Indigo launches transformation plan in hopes of returning retailer to profitability
TORONTO — Following a number of executive changes and a massive cyberattack that downed its systems, Indigo Books and Music Inc. says it's embarking on a transformation plan.
Nov 8, 2023 1:32 PM
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TC Energy to focus on smaller projects now that Coastal GasLink complete
CALGARY — With its Coastal GasLink pipeline project completed, TC Energy Corp. said its goal for the next few years will be to live within its means and control its capital expenditures.
Nov 8, 2023 12:47 PM
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Nuvei shares jump nearly 20% after reporting Q3 revenue up more than 50%
MONTREAL — Shares in Nuvei Corp. were up nearly 20 per cent in trading Wednesday morning after the company reported its revenue rose more than 50 per cent and raised its financial guidance.
Nov 8, 2023 12:13 PM
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