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Crescent Point reports $1.18B Q1 profit, raises quarterly dividend

Crescent Point reports $1.18B Q1 profit, raises quarterly dividend

CALGARY — Crescent Point Energy Corp. hiked its quarterly dividend by more than 40 per cent Thursday and said it will soon be in a position to increase shareholder returns even more when it hits its net debt target likely later this year.
Canadian Tire uses customer data from loyalty rewards program to boost sales

Canadian Tire uses customer data from loyalty rewards program to boost sales

One of Canada's biggest retailers is using customer data mined through its loyalty program and credit cards to drive sales and counter the potential demand impact of rising prices. Canadian Tire Corp. Ltd.
Live updates | UN focuses human rights inquiry in Ukraine

Live updates | UN focuses human rights inquiry in Ukraine

BERLIN — The U.N.’s top human rights body has overwhelmingly passed a resolution calling on its investigators to specifically look into possible rights abuses and violations in northern Ukraine shortly after Russia’s invasion.
Co-op housing could help solve Canada's affordability crisis, advocates say

Co-op housing could help solve Canada's affordability crisis, advocates say

Ayanna Inniss believes the co-op movement could be part of the solution to this country's housing affordability crisis.
Full power from N.L.'s Muskrat Falls hydro project at least a year away, says report

Full power from N.L.'s Muskrat Falls hydro project at least a year away, says report

ST. JOHN'S, N.L. — With a new report saying full power from Newfoundland and Labrador's Muskrat Falls hydro project is at least a year away, the head of the province's Crown energy corporation says there's a backup plan in place.
Mercedes tells owners of 292K vehicles to stop driving them

Mercedes tells owners of 292K vehicles to stop driving them

DETROIT (AP) — Mercedes-Benz is telling the owners of more than 292,000 vehicles in the U.S. to stop driving them due to a problem that could cause the brakes to fail.

Average long-term US mortgage rates edge up to 5.3%

WASHINGTON (AP) — Average long-term U.S. mortgage rates edged up again this week, with interest on the key 30-year loan at its highest level since 2009. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate ticked up to 5.3% from 5.

Brookfield Asset Management to spin off asset management business

TORONTO — Brookfield Asset Management Inc. says it will spin off its asset management business into a separate publicly listed company.
US producer prices surge 11% in April as food prices jump

US producer prices surge 11% in April as food prices jump

WASHINGTON (AP) — U.S. producer prices soared 11% in April from a year earlier, a hefty gain that indicates high inflation will remain a burden for consumers and businesses in the months ahead.
Finland's leaders call for NATO membership 'without delay'

Finland's leaders call for NATO membership 'without delay'

HELSINKI (AP) — Finland’s leaders said Thursday they’re in favor of rapidly applying for NATO membership, paving the way for a historic expansion of the alliance that could deal a serious blow to Russia as its military struggles with its war in Ukrai