Here are the CP Business Department's plans for today and the top business stories so far. All times Eastern unless otherwise stated. All ETAs and wordcounts approximate. Entries are subject to change as news develops.
If you have any questions, please contact Kate Hopwood at 416-507-2151 or kate.hopwood@thecanadianpress.com. You can always reach the desk at business@thecanadianpress.com.
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COVERING:
On this busy Thursday, we will have another writethru on the fallout for automakers from the trucking blockades at the Canada-U.S. border.
Updates are still to come on Telus-Rslts, Right-to-Disconnect, Precision-Drilling-Rslts, Insurance-Rslts.
We're working on a short item for CPP Investment results and net-zero promise, and after the bell looking for results from Aurora Cannabis.
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TOP STORIES:
Automakers scaling back production amid blockades
Trucker-Protest-Automakers
Windsor, Ontario, Canada -- Automakers in Canada scaled back production Thursday and braced for continued disruptions as trucker blockades at U.S. border crossings worsen an industry-wide parts shortage. Words: 409, Photos: 1
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Canadian insurers push further into Asian markets
Insurance-Results
Toronto, , -- Canadian insurers Manulife Financial Corp. and Sun Life Financial Inc. say they see significant potential for Asian markets as the region's middle class continues to grow. Words: 221, Photos: 1
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Precision Drilling says higher oil prices a boon
Precision-Drilling-Rslts
Calgary, Alberta, Canada -- The head of Precision Drilling Corp. says higher oil and gas prices are boosting business, as the company works to reduce debt and climb back into the black after its 11th straight quarter of net losses. Words: 390
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Advisory committee split on 'right to disconnect'
Right-to-Disconnect
Ottawa, Ontario, Canada -- An advisory group tasked with recommending how Canada should handle the right to disconnect after work hours was split on whether the country should adopt a legislative requirement for workplaces. Words: 222, Photos: 1
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How to adjust your finances as interest rates rise
Money-Monitor
Toronto --After racking up debt through years of ultralow interest rates, Canadians are being urged to modify their spending as they face the prospect of rising borrowing costs coupled with soaring inflation. By Ross Marowits. Words: 874, Photos: 1
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Saputo reports Q3 profit down from year ago
Saputo-Rslts
Saputo Inc. reported its third-quarter profit fell compared with a year ago as it said it confronted challenging market conditions. Words: 158, Photos: 1
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Brick-and-mortar retail still strong: RioCan REIT
RioCan-REIT-Rslts
Toronto, Ontario, Canada -- RioCan Real Estate Investment Trust is "pruning" its tenant mix to ensure malls and other retail spaces it owns are filled with resilient businesses that are best positioned to weather any further COVID-19 upheaval. By Tara Deschamps. Words: 587, Photos: 1
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Bombardier poised to ramp up production
Bombardier-Rslts
Montreal, Quebec, Canada -- Bombardier Inc. plans to ramp up production over the next two years amid rising demand for private planes, as the business jet manufacturer tests how far it can push capacity. By Christopher Reynolds. Words: 833, Photos: 1
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Canada Goose issues chilly forecast for 2022
Canada-Goose-Rslts
Toronto, Ontario, Canada -- Canada Goose Holdings Inc. has reduced its forecast for the year as new COVID-19 variant outbreaks and restrictions send a chill over the luxury parka maker's profit and revenue expectations. Words: 174, Photos: 1
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Brookfield raises dividend, Q4 profit up
Brookfield-Rslts
Toronto, Ontario, Canada -- Brookfield Asset Management Inc. raised its dividend as it reported its fourth-quarter profit rose compared with a year earlier. Words: 164, Photos: 1
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S&P/TSX composite up more than 100 points
Dollar-Markets
Toronto, Ontario, Canada -- Gains in the energy and base metal sectors helped Canada's main stock index gain more than 100 points in late-morning trading as the price of oil rose to more than US$90 a barrel. Words: 159, Photos: 1
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CP BUSINESS
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