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Amazon begins mass layoffs among its corporate workforce

Amazon begins mass layoffs among its corporate workforce

NEW YORK (AP) — Amazon has begun mass layoffs in its corporate ranks, becoming the latest tech company to trim its workforce amid rising fears about the wider economic environment.
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Wall Street slips as Target stumbles and weighs on retailers

Wall Street slips as Target stumbles and weighs on retailers

NEW YORK — Retailers and technology companies led a broad slide for stocks Wednesday after a dismal financial report from Target overshadowed a positive retail sector report from the government. The S&P 500 fell 0.
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S&P/TSX composite edges down, U.S. stock markets lower

S&P/TSX composite edges down, U.S. stock markets lower

TORONTO — Canada's main stock index slipped Wednesday as October inflation data was released, pulled lower by losses in energy and metals, while U.S. markets were also down. The S&P/TSX composite index closed down 36.82 points at 19,957.96.
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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 (19,957.96, down 36.82): Manulife Financial Corp. (TSX:MFC). Financials. Down 16 cents, or 0.68 per cent, to $23.33 on 19.
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Loblaw, Metro warn food inflation could persist as suppliers continue to hike prices

Loblaw, Metro warn food inflation could persist as suppliers continue to hike prices

Two of Canada’s grocers say food suppliers are continuing to pass along new cost increases, signalling higher food prices will persist into 2023
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Tom Brady, Larry David, other celebrities named in FTX suit

Tom Brady, Larry David, other celebrities named in FTX suit

NEW YORK (AP) — A host of Hollywood and sports celebrities including Larry David and Tom Brady were named as defendants in a class-action lawsuit against cryptocurrency exchange FTX, arguing that their celebrity status made them culpable for promotin
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Q&A: How the relationship between rate hikes and inflation plays out

Q&A: How the relationship between rate hikes and inflation plays out

Statistics Canada said Wednesday that higher mortgage rates are helping fuel the latest high inflation data.
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Shoppers Drug Mart parent company says cough and cold sales hit all-time high

Shoppers Drug Mart parent company says cough and cold sales hit all-time high

BRAMPTON, Ont. — Canada's biggest drugstore chain says sales of cough and cold products hit an all-time high this fall. Loblaw Cos. Ltd. chairman and president Galen G.
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Economists see signs of inflation easing, despite annual rate holding steady

Economists see signs of inflation easing, despite annual rate holding steady

OTTAWA — Canada's annual inflation rate held steady in October, but economists say it's trending in the right direction. In its latest consumer price index report, Statistics Canada said the country's annual inflation rate was 6.
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'Mercedes and Range Rovers:' Loblaw's discount chains attract higher-income shoppers

'Mercedes and Range Rovers:' Loblaw's discount chains attract higher-income shoppers

More wealthy shoppers are prowling the aisles at discount grocery stores in search of deals amid soaring food inflation, Loblaw Companies Ltd. said Wednesday.
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