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Baytex earns $563 million in fourth quarter, announces share buyback program

Baytex earns $563 million in fourth quarter, announces share buyback program

CALGARY — Baytex Energy Corp. says it earned $563 million and continued to pay down debt in the fourth quarter of 2021 against the backdrop of surging oil and gas prices.
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Wall Street reels, then recovers after invasion of Ukraine

Wall Street reels, then recovers after invasion of Ukraine

NEW YORK (AP) — Markets swung wildly Thursday as the world reacted to Russia’s invasion of Ukraine . Stocks in Europe fell sharply, while stocks in the U.S.
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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 (20,761.93, up 17.76 points.) Manulife Financial Corp. (TSX:MFC). Financials. Down 56 cents, or 2.2 per cent, to $25.44 on 23.
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North American stock markets end multi-day slide in rebound from steep morning losses

North American stock markets end multi-day slide in rebound from steep morning losses

TORONTO — North American stock markets ended multi-day losing streaks Thursday by bouncing back from steep morning losses prompted by Russian military action in Ukraine, while gold and crude oil prices softened from early highs.
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TransAlta reaps benefits of high Alberta power prices

TransAlta reaps benefits of high Alberta power prices

CALGARY — TransAlta Corp. is reaping the benefits of higher power prices in Alberta.
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Bombardier pledges to avoid business with sanctioned Russian individuals, companies

Bombardier pledges to avoid business with sanctioned Russian individuals, companies

MONTREAL — The head of Bombardier Inc. said it will steer clear of business with sanctioned Russian individuals, companies and institutions, as Moscow launched an invasion of Ukraine Thursday.
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P.E.I. tables budget with $2.7 billion in spending for health, seniors, child care

P.E.I. tables budget with $2.7 billion in spending for health, seniors, child care

CHARLOTTETOWN — Prince Edward Island's Progressive Conservative government tabled a budget Thursday with $2.7 billion in spending and a forecast deficit of about $92 million for the 2022-23 fiscal year.
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Canadians can expect higher gas prices from Ukraine war to kick in on Saturday

Canadians can expect higher gas prices from Ukraine war to kick in on Saturday

TORONTO — Canadians can expect to pay more at the pump as Russia's attack on Ukraine puts even greater pressure on an already surging oil price environment. Roger McKnight, chief petroleum analyst at En-Pro International Inc.
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'Price sensitive' shoppers turn to discount grocery stores as food costs rise: Loblaw

'Price sensitive' shoppers turn to discount grocery stores as food costs rise: Loblaw

Canadian consumers are increasingly shopping at discount grocery chains, buying store-branded food and choosing less pricey pork or chicken rather than beef in an effort to save money amid soaring inflation, Loblaw Companies Ltd. said Thursday.
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Caisse posts best performance in more than a decade with 13.5 per cent return in 2021

Caisse posts best performance in more than a decade with 13.5 per cent return in 2021

MONTREAL — The Caisse de dépôt et placement du Québec posted a 13.5 per cent return last year, its best performance since 2010, with its real estate portfolio showing signs of recovery despite COVID-19 closures.
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