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Biden taps Philip Jefferson to be Fed's vice chair, Adriana Kugler as first Hispanic on Fed board

Biden taps Philip Jefferson to be Fed's vice chair, Adriana Kugler as first Hispanic on Fed board

WASHINGTON (AP) — President Joe Biden has nominated Philip Jefferson, a member of the Federal Reserve's Board of Governors, to serve as vice chair of the board, the White House announced Friday.
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Canopy to refile financial results after finding BioSteel 'material misstatements'

Canopy to refile financial results after finding BioSteel 'material misstatements'

SMITHS FALLS, Ont. — Canopy Growth Corp. says it will refile three of its past quarterly financial statements after uncovering "material misstatements" linked to its BioSteel business. The Smiths Falls, Ont.
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Onex reports US$232M first-quarter loss compared with US$164M profit a year ago

Onex reports US$232M first-quarter loss compared with US$164M profit a year ago

TORONTO — Onex Corp. reported a first-quarter loss as the company worked to wind down its Gluskin Sheff wealth management business and move the adviser teams to RBC Wealth Management Canada.
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Inflation likely slowed again in April, but economists say wage growth a top concern

Inflation likely slowed again in April, but economists say wage growth a top concern

OTTAWA — Canadians' wages are finally growing faster than prices as inflation continues to ease, but that isn't necessarily good news for economists who worry high wage growth might stand in the way of bringing inflation back down to the two per cent
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The AP Interview: Mitsotakis hopes for better relations with Turkey if reelected as Greek premier

The AP Interview: Mitsotakis hopes for better relations with Turkey if reelected as Greek premier

VOLOS, Greece (AP) — Greece’s prime minister says he will extend “a hand of friendship” to the winner of upcoming elections in the country's neighbor and longtime regional rival Turkey — but adds that he hopes the next government will "reconsider its
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'Chaotic' down south, concern up north as U.S. ends COVID border, immigration rules

'Chaotic' down south, concern up north as U.S. ends COVID border, immigration rules

WASHINGTON — The imminent overnight end of the COVID-19 public health emergency felt more like a crisis than cause for celebration Thursday as Homeland Security agents and officials braced for an onslaught of asylum seekers at the U.S.-Mexico border.
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WSP Global doubles down on green-tinted expansion

WSP Global doubles down on green-tinted expansion

MONTREAL — WSP Global continued its years-long expansion this year, acquiring companies and securing contracts with an eye to the growing market for green projects.
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Fairfax Financial more than doubles first-quarter earnings at US$1.3 billion

Fairfax Financial more than doubles first-quarter earnings at US$1.3 billion

TORONTO — Fairfax Financial Holdings Ltd. says it earned US$1.3 billion in the first quarter of 2023, more than double earnings of US$588.7 million a year earlier. The Toronto-based company, which reports in U.S.
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Sun Life Financial sees first quarter earnings rise to $806 million

Sun Life Financial sees first quarter earnings rise to $806 million

TORONTO — Sun Life Financial Inc. says net income for the first quarter was $806 million, up more than 21 per cent from $665 million a year earlier. The Toronto-based company says diluted earnings per share were $1.37, up from $1.
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Debt limit fight: Biden meeting with Congress leaders put off until next week as staff talks proceed

Debt limit fight: Biden meeting with Congress leaders put off until next week as staff talks proceed

WASHINGTON (AP) — President Joe Biden’s Friday follow-up meeting with congressional leaders on the debt limit crisis was abruptly postponed to next week, with staff-level talks making progress and expected to continue through the weekend, the White H
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