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Gildan Activewear will be 'beneficiary of consolidation' as customers merge: CEO

Gildan Activewear will be 'beneficiary of consolidation' as customers merge: CEO

Gildan Activewear Inc.'s chief executive brushed off concerns Thursday that a recent merger between two of its biggest customers will spell trouble for his business.
Ontario plans to remove Toronto bike lanes on Bloor, Yonge and University

Ontario plans to remove Toronto bike lanes on Bloor, Yonge and University

TORONTO — Ontario is planning to remove sections of bike lanes on three major roads in Toronto, as it considers whether to rip up more bike lanes elsewhere.
Ontario lacks a health-care plan for alcohol harms as sales expand: health coalition

Ontario lacks a health-care plan for alcohol harms as sales expand: health coalition

TORONTO — Premier Doug Ford's government has no strategy to mitigate problems that could result from the province's newly liberalized alcohol sales rules, a health coalition said Thursday, warning that more death, cancer diagnoses and emergency depar
N.S. election: NDP promises to end fixed-term leases, impose rent-control system

N.S. election: NDP promises to end fixed-term leases, impose rent-control system

HALIFAX — Nova Scotia’s temporary rent cap and a loophole that allows landlords to avoid it were the targets of the provincial New Democrats on Thursday, as they promised to protect tenants from evictions and excessive hikes if elected Nov. 26.
Canadian Natural Resources further reduces natural gas drilling due to price slump

Canadian Natural Resources further reduces natural gas drilling due to price slump

CALGARY — Canadian Natural Resources Ltd. said Thursday it has further reduced its natural gas drilling activity due to persistent low prices in Western Canada.
Economy stalled in August, Q3 growth looks to fall short of Bank of Canada estimates

Economy stalled in August, Q3 growth looks to fall short of Bank of Canada estimates

OTTAWA — The Canadian economy was flat in August as high interest rates continued to weigh on consumers and businesses, while a preliminary estimate suggests it grew at an annualized rate of one per cent in the third quarter.
Inflation gauge closely watched by the Fed falls to lowest level since early 2021

Inflation gauge closely watched by the Fed falls to lowest level since early 2021

WASHINGTON (AP) — As a presidential race profoundly shaped by Americans' frustration with high prices nears its end, the government said Thursday that an inflation gauge closely watched by the Federal Reserve has dropped to near pre-pandemic levels.
Waterloo Regional Police make arrest after walnuts stolen twice from same business

Waterloo Regional Police make arrest after walnuts stolen twice from same business

Police say a man has been charged with possession of stolen property after thousands of dollars' worth of walnuts were taken from a business in Cambridge, Ont., recovered by police and then stolen again weeks later.
Global refinery market weakness hits Parkland Corp.'s Burnaby refinery

Global refinery market weakness hits Parkland Corp.'s Burnaby refinery

CALGARY — Fuel retailer Parkland Corp. has lowered its full-year earnings forecast as sluggish market conditions continue to take a bite out of margins at the company's Burnaby, B.C. refinery.
Business software company Open Text reports US$84.4M Q1 profit

Business software company Open Text reports US$84.4M Q1 profit

TORONTO — Open Text Corp. reported a first-quarter profit of US$84.4 million, up from US$80.9 million a year earlier, as its revenue fell 11 per cent following the sale of its AMC business to Rocket Software.