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Metro hikes dividend 10%, reports higher profit and sales in first quarter

Metro hikes dividend 10%, reports higher profit and sales in first quarter

Metro Inc., the first of Canada's big three grocers to release earnings this year, reported Tuesday a double-digit increase in profits and a 10 per cent dividend hike following a period that saw food prices rise at the fastest pace in decades.
Companies' diversity commitments at risk amid possible recession: study

Companies' diversity commitments at risk amid possible recession: study

TORONTO — A new report says that pledges made by companies to support diversity are at risk as the corporate sector prepares for a possible recession.

Elon Musk takes stand for 3rd day in Tesla investors lawsuit

SAN FRANCISCO (AP) — Elon Musk returned to the stand for a third day Tuesday in federal court in San Francisco to testify in a trial stemming from a class action lawsuit brought by Tesla investors who allege he misled them with a tweet.
Thinking about doing a no-buy challenge? Here's what to consider

Thinking about doing a no-buy challenge? Here's what to consider

As inflation continues to weigh on Canadians' budgets, some may have entered the new year taking on a self-imposed "no-buy challenge.
Stocks open lower on Wall Street as earnings reports rev up

Stocks open lower on Wall Street as earnings reports rev up

NEW YORK (AP) — Stocks are opening lower on Wall Street as more big U.S. companies delivered their earnings reports for the last three months of 2022. Some of them came up short of what investors were expecting, leading to drops in the stock prices.
Twitter faces lawsuits over unpaid rent for US HQ, UK office

Twitter faces lawsuits over unpaid rent for US HQ, UK office

LONDON (AP) — More landlords are taking Twitter to court over unpaid rent, this time at the social media company’s headquarters in San Francisco and its British offices — the latest sign that owner Elon Musk's extreme cost-cutting strategy includes s
Finland's top diplomat hints at joining NATO without Sweden

Finland's top diplomat hints at joining NATO without Sweden

HELSINKI (AP) — Finland’s foreign minister suggested Tuesday that the country may consider joining NATO without neighboring Sweden if Turkey continues to block their joint bid to enter the military alliance.
Magna International says margins for 2022 will be lower than expected

Magna International says margins for 2022 will be lower than expected

TORONTO — Magna International Inc. says its margins for 2022 are expected to come in lower than it forecast. The auto parts company says its adjusted earnings before interest and taxes (EBIT) margin is expected to be about 4.3 per cent for 2022.

Element Fleet Management names CIBC exec Laura Dottori-Attanasio as next CEO

TORONTO — Element Fleet Management Corp. says president and chief executive Jay Forbes will retire this year and will be replaced by CIBC executive Laura Dottori-Attanasio.
Asian shares rise, track Wall St gains as earnings ramp up

Asian shares rise, track Wall St gains as earnings ramp up

BANGKOK (AP) — Stocks were higher in Asia on Tuesday after a tech-led rally on Wall Street as investors bet the Federal Reserve will trim its rate hikes to tamp down inflation. Many markets in the region were closed for Lunar New Year holidays.
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