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Telus International shares slump on lower guidance

Telus International shares slump on lower guidance

VANCOUVER — Shares of Telus International Inc. were trading down almost 30 per cent at midday on the Toronto Stock Exchange after it slashed its growth guidance for the year. The company, which Telus Corp.
China's Shein hit with lawsuit citing RICO violations, a law originally used against organized crime

China's Shein hit with lawsuit citing RICO violations, a law originally used against organized crime

China's fast fashion retailer Shein is facing a lawsuit that claims the clothing maker's copyright infringement is so aggressive, it amounts to racketeering.
Hollywood's actors are joining screenwriters on strike. Here's why and what happens next

Hollywood's actors are joining screenwriters on strike. Here's why and what happens next

LOS ANGELES (AP) — Hollywood actors are joining screenwriters in the first dual strike from the two unions in more than six decades, with huge consequences for the film and television industry.
Statistics Canada says manufacturing sales up 1.2% at $72.9 billion in May

Statistics Canada says manufacturing sales up 1.2% at $72.9 billion in May

OTTAWA — Statistics Canada says manufacturing sales rose 1.2 per cent to $72.9 billion in May after declining 0.1 per cent in April. The overall increase for the month came as sales of chemical products gained 4.8 per cent at $5.
Shares in cannabis company Canopy Growth plunge after debt reduction plan announced

Shares in cannabis company Canopy Growth plunge after debt reduction plan announced

SMITHS FALLS, Ont. — Shares of Canopy Growth Corp. fell more than 30 per cent after it announced it has signed deals with its secured and unsecured lenders to reduce its debt, but will issue 90.4 million shares plus new convertible debt to do so.
As inflation inches closer to 3%, economists warn progress will stall this year

As inflation inches closer to 3%, economists warn progress will stall this year

OTTAWA — As inflation inches closer to three per cent, economists are warning the steady monthly declines in annual price growth will stall and even potentially reverse in the second half of the year.
CREA downgrades sales forecast as interest rates weigh on buyers

CREA downgrades sales forecast as interest rates weigh on buyers

The Canadian Real Estate Association has downgraded its home sales forecast for this year and next as fewer buyers jump into the market. The association said Friday that it expects 464,239 properties to trade hands this year, a 6.
Black Restaurant Week aims to showcase diverse cuisines, uplift Black business owners

Black Restaurant Week aims to showcase diverse cuisines, uplift Black business owners

TORONTO — It's the authentic Jamaican jerk chicken, curry goat and oxtail dishes that restaurant owner Stacy Porter hopes will get you in the door of her Scarborough eatery.
Shorter fixed-rate mortgages take spotlight as borrowers feel pinch of higher rates

Shorter fixed-rate mortgages take spotlight as borrowers feel pinch of higher rates

TORONTO — Rapidly rising interest rates have transformed mortgage preferences as borrowers increasingly opt for shorter-term fixed-rate contracts.
Air quality study finds elevated levels of carcinogen across Hamilton

Air quality study finds elevated levels of carcinogen across Hamilton

A University of Toronto professor says residents of Hamilton, Ont., could be inhaling the chemical equivalent of one or two cigarettes per week -- at minimum -- due to elevated levels of a cancer-causing compound in the air.