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BoC mindful of not overdoing rate hikes, summary of deliberations reveals

BoC mindful of not overdoing rate hikes, summary of deliberations reveals

OTTAWA — The Bank of Canada says it's trying to not raise interest rates more than it has to, as members of the governing council are mindful of the risks associated with raising rates too much.
Crescent Point Energy reports $212.3 million profit in second quarter

Crescent Point Energy reports $212.3 million profit in second quarter

CALGARY — Crescent Point Energy Corp. reported its second-quarter profit fell by 36 per cent year-over-year as global oil prices declined from 2022's dramatic peaks. The Calgary-based company said Wednesday it earned $212.
Advocacy group says banks show little progress on climate action

Advocacy group says banks show little progress on climate action

TORONTO — A new report from an advocacy group says that Canada's big banks show "no urgency" in ramping up action against climate change.
Rogers cutting costs, eliminating duplication amid integration of Shaw

Rogers cutting costs, eliminating duplication amid integration of Shaw

TORONTO — Rogers Communications Inc. says it found $48 million in cost savings in its most recent quarter after closing its deal to buy Shaw Communications Inc.
Shopify dives deeper into AI with new products, including chatbot for merchants

Shopify dives deeper into AI with new products, including chatbot for merchants

As Shopify President Harley Finkelstein works, he often keeps a ChatGPT window up on his computer.
'Old boys' club': Employees question how Regina rebrand was approved

'Old boys' club': Employees question how Regina rebrand was approved

REGINA — Federal government employees expressed relief that Prairies Economic Development Canada was not involved in a disastrous rebrand that saw Saskatchewan’s capital city criticized for sexualized slogans.
Flight delays at Canadian airlines far outstrip peers in U.S., despite improvements

Flight delays at Canadian airlines far outstrip peers in U.S., despite improvements

MONTREAL — Canada's two biggest airlines saw a far higher proportion of their flights delayed this summer than many of their American peers, according to figures from an aviation data firm.
Port strike will take two months for recovery, CN says, as wildfires dent earnings

Port strike will take two months for recovery, CN says, as wildfires dent earnings

MONTREAL — Canada's largest railway said the B.C.
First Quantum Minerals earns US$93 million in second quarter

First Quantum Minerals earns US$93 million in second quarter

First Quantum Minerals Ltd. says it earned US$93 million in the second quarter of 2023, down from US$419 million a year earlier. The Toronto-based company, which reports in U.S. dollars, says sales revenues were US$1.7 billion, down from US$1.
B.C. port workers mull contract offer as expert warns of more labour strife

B.C. port workers mull contract offer as expert warns of more labour strife

VANCOUVER — More large-scale disputes like the industrial action at British Columbia's ports may be on the horizon, a labour movement researcher is warning, as longshore workers gathered to consider a possible agreement with employers.
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