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Oil major TotalEnergies doubles annual profit to $36 billion

Oil major TotalEnergies doubles annual profit to $36 billion

PARIS (AP) — France's TotalEnergies SE doubled its profits in 2022, joining other international oil and gas companies in fattening their bottom lines as high energy prices surged after Russia’s invasion of Ukraine . Adjusted net income rose to $36.
Netflix Canada begins password sharing crackdown, additional members cost $7.99

Netflix Canada begins password sharing crackdown, additional members cost $7.99

TORONTO — Netflix Canada is rolling out its long-anticipated plans to crack down on password sharing.
Auto industry leaders emphasize urgency of Canadian EV response as U.S. cash flows

Auto industry leaders emphasize urgency of Canadian EV response as U.S. cash flows

TORONTO — Urgency was the key word at an electric vehicle conference Wednesday as manufacturers emphasized the need for more coordination and government support in order to take advantage of the tectonic shift underfoot in the automotive industry.
Labour shortages could push up wages, 'reignite inflation' in long run, report warns

Labour shortages could push up wages, 'reignite inflation' in long run, report warns

TORONTO — A new report says a protracted labour shortage in Canada could fuel more rapid wage growth and inflation over time, potentially prompting the need for higher interest rates long-term.
Hot economy, inflation were at crux of BoC's last rate decision: summary

Hot economy, inflation were at crux of BoC's last rate decision: summary

OTTAWA — The Bank of Canada’s first-ever summary of deliberations reveals that the governing council ultimately decided to raise its key interest rate last month because of ongoing strength in the economy.
Zelenskyy tells UK ‘freedom will win,’ pushes for warplanes

Zelenskyy tells UK ‘freedom will win,’ pushes for warplanes

LONDON (AP) — Ukrainian President Volodymyr Zelenskyy pushed for fighter jets to ensure his country's victory over Russia in a dramatic speech before the U.K.
Grammy-winning Canadian songwriter Tobias Jesso Jr. sells song catalogue to Hipgnosis

Grammy-winning Canadian songwriter Tobias Jesso Jr. sells song catalogue to Hipgnosis

TORONTO — Hot off winning two Grammys on Sunday, Canadian singer-songwriter Tobias Jesso Jr. has sold the rights for part of his song catalogue to a prominent music investment company.
S&P/TSX composite down in late-morning trading, U.S. stocks also lower

S&P/TSX composite down in late-morning trading, U.S. stocks also lower

TORONTO — Losses in the base metals sector helped lead Canada's main stock index lower in late-morning trading, while U.S. stock markets also fell. The S&P/TSX composite index was down 35.50 points at 20,689.50.
Tim Hortons master franchisee in China enters deal to develop Popeyes in China

Tim Hortons master franchisee in China enters deal to develop Popeyes in China

TORONTO — The parent company of the master franchisee of Tim Hortons coffee shops in China says it has signed a deal for the exclusive development of Popeyes in mainland China and Macau. TH International Ltd.
Brookfield Asset Management fourth-quarter profit down from year ago

Brookfield Asset Management fourth-quarter profit down from year ago

TORONTO — Brookfield Asset Management Ltd. says its share of the latest quarterly profit of the asset management business it owns with Brookfield Corp. amounted to US$19 million.