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Sub-70 cent Canadian dollar inching closer into view

Breadcrumb Trail Links News Economy Canadian dollar sank below 71 cents U.S. for the first time since mid-2020 Published Nov 15, 2024  •  Last updated 38 minutes ago  •  3 minute read You can save this article by registering for free here. Or sign-in if you have an account. The Canadian dollar fell as low as 70.89 cents U.S., lingering below 71 cents U.S. for most of the afternoon on Friday.

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Why Home Depot acquired SRS Distribution

A warehouse for Texas Pool Supply, a company that’s part of SRS Distribution, carries pool parts such as filters and heaters, along with large buckets of pool chemicals. It’s an example of the specialized business that Home Depot includes after acquiring SRS. Melissa Repko | CNBC PLANO, Texas — In a suburban warehouse, giant buckets of pool sanitizer and boxed-up heaters and pumps line the shelves. This isn’t a Home

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X users jump to Bluesky

Getty You may have seen the word “Bluesky” popping up on your social media pages recently and wondered what people are talking about. It is an alternative platform to Elon Musk’s X and in terms of its colour and logo, it looks quite similar. Bluesky is growing rapidly and is currently picking up around one million new sign-ups a day. It had 16.7m users at the time of writing, but

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SpaceX President Gwynne Shotwell welcomes competition for Starlink, rockets

SpaceX President and Chief Operation Officer Gwynne Shotwell speaks during the NASA Commercial Crew Program (CCP) astronaut visit at the SpaceX headquarters in Hawthorne, California, U.S., on Monday, Aug. 13, 2018. Bloomberg | Bloomberg | Getty Images SpaceX’s second-in-command urged on rivals in comments Friday, describing competition as healthy for Elon Musk‘s space company. “I hope others can catch up, right? Competition is good for industries. … It keeps us

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Health stocks hit after Trump taps RFK Jr for top regulator post

Shares in vaccine makers and healthcare firms around the world slid sharply on Friday, as investors warned that Donald Trump’s choice of Robert F Kennedy Jr as US Health Secretary could pose new challenges to the sector. Kennedy is known as a vaccine sceptic and, if confirmed in the post, has vowed to use it to crack down on “Big Pharma”. The news prompted a sell-off across the industry. In

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GM lays off 1,000 employees amid reorganization, cost-cutting

The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | Reuters DETROIT – General Motors laid off roughly 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions, according to a person familiar with the decision. The layoffs, which were announced Friday morning to those impacted, were across the business.

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‘Baby milk prices punish those who don’t breastfeed’

Clare Smyrell Clare Smyrell says it feels “petty” to ban special offers on formula The high price of baby formula makes parents feel “punished” for not breastfeeding, mums and dads have told the BBC. The cost of baby milk has surged in recent years, while retailers in the UK are not allowed to advertise or offer discounts on infant formula because it might discourage breastfeeding. Parenting site Mumsnet says this

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Capri and Tapestry abandon plans to merge

Pedestrians walk past a Michael Kors store on August 10, 2023 in Chicago, Illinois.  Scott Olson | Getty Images Capri and Tapestry called off their merger on Thursday after the Federal Trade Commission successfully sued to block the megadeal. The two U.S.-based luxury houses “mutually agreed” that terminating the merger was in their best interests as they were unlikely to get regulatory approval before the deal was set to expire

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Typhoo Tea teeters on the brink of administration

Getty Images Typhoo Tea is set to appoint administrators as the 120-year-old brand’s sales slump, losses widen and debts rise. The company has filed a notice at court “which affords the company some breathing space to explore solutions”, Typhoo’s chief executive Dave McNulty told the BBC. The firm has been trying to turn itself around for some time. However, it suffered a setback after trespassers damaged its former factory in

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Adidas signs NIL deal with girls’ high school basketball Kaleena Smith

Adidas has signed Kaleena Smith as the bradn’s first NIL high school basketball player. Courtesy: Adidas Adidas has signed one of its youngest female athletes yet. The German sports apparel brand on Thursday announced the signing of Kaleena Smith as its first high school girl’s basketball partner under a name, image and likeness, or NIL, deal. Smith, a 16-year old sophomore in Ontario, California, is the highest-rated recruit in the

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