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Rental demand from international students will slow this year, but won't fall: RBC

Rental demand from international students will slow this year, but won't fall: RBC

OTTAWA — RBC says a recently announced cap on new study permits won't lead to an outright decrease in demand for rental housing from international students this year.
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Corporate profits must not trump public interest on AI: UN tech envoy

Corporate profits must not trump public interest on AI: UN tech envoy

MONTREAL — The United Nations’ top tech official fears that corporate interests may undermine the push to rein in artificial intelligence, exacerbating social divisions and encroaching on human rights.
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January home sales rise as markets tighten but prices still softening: CREA

January home sales rise as markets tighten but prices still softening: CREA

TORONTO — Home sales rose in an unseasonably warm January to mark a second month of rising activity and softening prices, the Canadian Real Estate Association said Wednesday. January sales were up 3.
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Barrick reports US$1.27B profit for 2023, up from US$432M in 2022

Barrick reports US$1.27B profit for 2023, up from US$432M in 2022

TORONTO — Barrick Gold Corp. reported that gold production for 2023 fell short of its guidance as it set out lower expected production for the year ahead. The gold miner said Wednesday that production for the year totalled 4.
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Turkey detains 4 as part of a probe into a gold mine landslide that left at least 9 missing

Turkey detains 4 as part of a probe into a gold mine landslide that left at least 9 missing

ANKARA, Turkey (AP) — Authorities on Wednesday detained four people in connection with a massive landslide that engulfed a gold mine in eastern Turkey, leaving at least nine workers missing, Turkish state media reported.
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Spin Master Q4 revenue up 7.9% but toy maker ended the year down from last year

Spin Master Q4 revenue up 7.9% but toy maker ended the year down from last year

TORONTO — Spin Master Corp. says revenue during its latest quarter, which covered the key holiday season, was up 7.9 per cent from a year earlier, but the company's revenue for its fiscal 2023 overall were down 5.
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Lyft shares rocket 62% over a typo in the company's earnings release

Lyft shares rocket 62% over a typo in the company's earnings release

Lyft shares jumped 62% after the closing bell Tuesday thanks in part to a typo in the ride-hailing company’s earnings release that appears to have sent investors’ auto-trading algorithms — or “bots” — into a buying frenzy.
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Power Corp. hires veteran Scotiabank executive Jake Lawrence as CFO

Power Corp. hires veteran Scotiabank executive Jake Lawrence as CFO

TORONTO — Power Corp. of Canada has hired veteran Scotiabank executive Jake Lawrence as its next chief financial officer.
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Stock market today: Wall Street claws back some of the ground it lost a day earlier

Stock market today: Wall Street claws back some of the ground it lost a day earlier

NEW YORK (AP) — Stocks are clawing back some of their sharp losses from the day before, as conditions calm a bit on Wall Street. The S&P 500 was 0.6 % higher in early trading Wednesday. It had tumbled 1.
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Boston Pizza reports $5.2M Q4 profit, raises monthly distributions

Boston Pizza reports $5.2M Q4 profit, raises monthly distributions

VANCOUVER — Boston Pizza Royalties Income Fund raised its monthly payment to unitholders as it reported a fourth-quarter profit of $5.2 million. The fund says it will now pay a monthly distribution of 11.3 cents per unit, up from 10.7 cents per unit.
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