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National Business
National Business
Legal tech firm Clio smashes Canadian software financing record with US$900M raise
BURNABY, B.C. — Clio has raised a US$900-million round of funding that the legal tech firm says is the largest software raise in Canadian tech history. The Burnaby, B.C.-based company says the Series F investment is based on a US$3 billion valuation.
Jul 23, 2024 10:50 AM
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US opens investigation into Delta after global tech meltdown leads to massive cancellations
U.S.
Jul 23, 2024 10:20 AM
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US home sales fell in June to slowest pace since December amid rising mortgage rates, home prices
LOS ANGELES (AP) — The nation's housing slump deepened in June as sales of previously occupied homes slowed to their slowest pace since December, hampered by elevated mortgage rates and record-high prices. Sales of previously occupied U.S.
Jul 23, 2024 10:02 AM
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Coca-Cola raises full-year sales guidance after stronger-than-expected second quarter
Coca-Cola is raising is full-year sales guidance after a stronger-than-expected second quarter. The Atlanta beverage giant said Monday that it now expects organic sales to grow between 9% and 10% this year, up from 8% to 9% previously.
Jul 23, 2024 7:10 AM
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Faster progress needed on removing interprovincial trade barriers: CFIB report
TORONTO — Doing business across provincial lines is starting to get easier but progress is slow, says the Canadian Federation of Independent Business.
Jul 23, 2024 7:00 AM
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Calgary's restrictions on sprinkler and water hose use to remain until further notice
CALGARY — Calgary's outdoor water restrictions will remain in place for now. The city has been cautiously testing the water system in recent days, and says there were issues at both water treatment plants, including pumps at water intakes.
Jul 22, 2024 6:20 PM
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Air Canada cuts 2024 forecast amid tough competition, excess capacity
MONTREAL — Air Canada has lowered its 2024 earnings forecast, saying its planes have not been flying as full as anticipated this summer in part due to tough competition in international markets.
Jul 22, 2024 5:29 PM
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Canfor Corp. CEO Don Kayne to step down at the end of 2024
VANCOUVER — Canfor Corp. says its president and CEO is retiring at the end of the year. The Vancouver-based company says Don Kayne has held the role since 2011, and has been with the company for 46 years.
Jul 22, 2024 5:26 PM
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CN Rail fined $8M for crude oil spills related to 2015 train derailments
TIMMINS, ONT. — Canadian National Railway Co. has been ordered to pay $8 million in fines for environmental offences related to two 2015 train derailments.
Jul 22, 2024 5:07 PM
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Sleep Country to be acquired by Fairfax Financial for $1.7 billion
TORONTO — After fielding calls from private equity firms looking to buy Sleep Country Canada Holdings Inc. over the years, CEO Stewart Schaefer has chosen to sell to Fairfax Financial Holdings Ltd. for $1.
Jul 22, 2024 5:05 PM
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