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Birkenstock stumbles on Wall Street as traders find sandal maker's shares too pricey

Birkenstock stumbles on Wall Street as traders find sandal maker's shares too pricey

NEW YORK (AP) — Birkenstock shares are stumbling in their debut on the stock market as Wall Street trades in its wingtips for sandals for a day.
CRTC sides with Bell in arbitration proceeding with Quebecor over MVNO data rates

CRTC sides with Bell in arbitration proceeding with Quebecor over MVNO data rates

OTTAWA — Canada's telecommunications regulator has sided with BCE Inc. in a final offer arbitration proceeding between that company and Quebecor Inc. over wholesale mobile virtual network operator (MVNO) data rates.
Exxon Mobil doubles down on fossil fuels with $59.5 billion deal for Pioneer Natural as prices surge

Exxon Mobil doubles down on fossil fuels with $59.5 billion deal for Pioneer Natural as prices surge

Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas.
Statistics Canada reports value of building permits up 3.4% in August

Statistics Canada reports value of building permits up 3.4% in August

OTTAWA — Statistics Canada says the total monthly value of building permits in Canada rose 3.4 per cent in August to $11.9 billion, as gains in the non-residential sector offset modest declines in residential construction plans.
Wholesale inflation in US rises 2.2% in September, biggest year-over-year gain since April

Wholesale inflation in US rises 2.2% in September, biggest year-over-year gain since April

WASHINGTON (AP) — U.S. wholesale prices rose last month at the fastest pace since April, suggesting that inflationary pressures remain despite a year and a half of higher interest rates.
Velan CEO Bruno Carbonaro resigns, board chair James Mannebach named interim CEO

Velan CEO Bruno Carbonaro resigns, board chair James Mannebach named interim CEO

MONTREAL — Velan Inc. says Bruno Carbonaro has resigned as chief executive and a director of the company. The maker of industrial valves says board chair James Mannebach has been named interim CEO.
MTY Food Group reports third-quarter profit and revenue up from year ago

MTY Food Group reports third-quarter profit and revenue up from year ago

MONTREAL — MTY Food Group Inc. reported its third-quarter profit rose compared with a year ago as its revenue gained 74 per cent. The restaurant company says its net income attributable to owners totalled $38.9 million or $1.
Unifor ends strike less than 24 hour in after reaching tentative deal with GM

Unifor ends strike less than 24 hour in after reaching tentative deal with GM

TORONTO — Unifor put a short-lived strike on hold Tuesday after General Motors agreed to a tentative contract that mirrors the one the union reached with Ford Motor Co. about two weeks ago.
Independent grocers call for milk price pause amid pressure to keep food costs down

Independent grocers call for milk price pause amid pressure to keep food costs down

TORONTO — The Canadian Federation of Independent Grocers is calling on the Crown corporation that manages dairy supply and pricing to hit pause on any further increases to milk prices amid political pressure to keep food prices down.
Food industry leaders launch alliance to champion net zero in agri-food sector

Food industry leaders launch alliance to champion net zero in agri-food sector

TORONTO — A group of leaders in the agriculture and food industries is launching a national alliance to work toward achieving net zero in Canada's agri-food sector by 2050.
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