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National Business

Ford plans to add 6,200 jobs in Ohio, Michigan and Missouri

Ford plans to add 6,200 jobs in Ohio, Michigan and Missouri

AVON LAKE, Ohio (AP) — Ford will add 6,200 factory jobs in Michigan, Missouri and Ohio as it prepares to build more electric vehicles and roll out two redesigned combustion-engine models. The company says it will invest $3.
A&W opening first trial of Pret A Manger brand in Vancouver this summer

A&W opening first trial of Pret A Manger brand in Vancouver this summer

VANCOUVER — A&W plans to open the first trial of UK-based chain Pret A Manger this summer in Vancouver after signing an agreement granting the restaurant chain with master franchisor rights in Canada.
Indigo trims Q4 loss and squeaks out a $3.3-million profit for the full year

Indigo trims Q4 loss and squeaks out a $3.3-million profit for the full year

TORONTO — Indigo Books and Music Inc. trimmed its net loss to end its fiscal year that saw it swing to a small profit. The Toronto-based retailer says it lost $23.4 million in the fourth quarter, compared with a loss of $39.5 million a year earlier.
Lululemon stitches strong start to year with Q1 profit surging 31 per cent to US$185M

Lululemon stitches strong start to year with Q1 profit surging 31 per cent to US$185M

VANCOUVER — Lululemon Athletica's year got off to a strong start as net income surged about 31 per cent to US$190 million on a double-digit increase in revenues. The Vancouver-based athletic clothing company, which reports in U.S.
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 Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (21,031.81, up 318.09 points.) Athabasca Oil Corp. (TSX:ATH). Energy. Up 22 cents, or 8.2 per cent, to $2.89 on 16.2 million shares.
S&P/TSX composite recovers in broad rally on signs that rate hikes starting to work

S&P/TSX composite recovers in broad rally on signs that rate hikes starting to work

TORONTO — Technology and materials led a broad rally that drove Canada's main stock index higher as investors continued to digest the Bank of Canada's hawkish comments as they look for signs that higher interest rates are starting to slow the economy
Bank of Canada open to hiking interest rates past 3% in bid to bridle inflation

Bank of Canada open to hiking interest rates past 3% in bid to bridle inflation

OTTAWA — The Bank of Canada may need to raise its key interest rate to three per cent or beyond — more than double its current level — to ensure inflation doesn't settle in for the long haul, its deputy governor says.
Avenatti gets 4 years in prison for cheating Stormy Daniels

Avenatti gets 4 years in prison for cheating Stormy Daniels

NEW YORK (AP) — Michael Avenatti was sentenced Thursday to four years in prison for stealing book proceeds from Stormy Daniels, the porn actress who catapulted him to fame as he represented her in courtrooms and cable news programs during her legal b
Stocks shake off a wobbly start on Wall Street, end higher

Stocks shake off a wobbly start on Wall Street, end higher

NEW YORK (AP) — The stock market shook off a wobbly start and ended broadly higher Thursday, marking its first gain in this holiday-shortened week. Technology stocks were among the winners as Microsoft erased an early loss.
Nova Scotia ruling out second package of inflation-aid measures

Nova Scotia ruling out second package of inflation-aid measures

HALIFAX — The Nova Scotia government is ruling out a second package of short-term inflation relief just two weeks after Finance Minister Allan MacMaster said more measures were on their way.