Where Russia-Canada trade relations stand as Ukraine tensions escalate

Canadian sanctions against Russia have been in force since 2014 when Russia forcibly annexed Ukraine’s Crimean Peninsula.
Canada recently warned these sanctions could become “severe” if Russia makes further moves against Ukraine. But despite current sanctions, trade between Canada and Russia has continued.
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Businesses weigh options as convoy set to roll into Ottawa

While some Ottawa businesses are wondering whether to shut their doors this weekend as a convoy of truckers makes its way to Parliament Hill, others are rolling out the welcome mat.
The convoy includes truck drivers from across the country and others broadly opposed to public health mandates.
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Record-high gas prices expected for Ontario, Quebec

Gas prices are expected to reach record highs in parts of the country ahead of the weekend.
Gas price watchdog Dan McTeague, president of Canadians for Affordable Energy, says drivers in most cities in southern Ontario and Quebec can expect to pay an extra two cents per litre at the pumps on Friday.
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Toyota has eye on moon with dreams of Mars

TOKYO -- Toyota is working with Japan's space agency on a vehicle to explore the lunar surface, with ambitions to help people live on the moon by 2040 and then go live on Mars, company officials said Friday.
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Canadian Pacific Railway earns $532M in Q4, KCS deal affects operating ratio

Canadian Pacific Railway Ltd. says it earned $532 million in its latest quarter, down from $802 million in the same quarter a year earlier.
The Calgary-based railway company reported earnings of 74 cents per diluted share for the quarter ended Dec.
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Asian stocks advance after Wall Street sinks for third day

Asian stock markets rose Friday as traders looked ahead to data on U.S. employment costs that might influence Federal Reserve decisions on planned interest rate hikes.
Shanghai, Tokyo and Seoul gained. Hong Kong declined.
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Gold is shining again as stocks wobble and cryptos melt down

Stocks have slumped this year. So has bitcoin. But gold, by comparison, has had a fairly solid start to the year. The price of the yellow metal is roughly unchanged, hovering just below US$1,800 an ounce.
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Global stocks mixed after Wall Street sinks for third day

Major global stock markets fell Friday ahead of data on U.S. employment costs that might influence Federal Reserve decisions on interest rate hikes to cool inflation.
London and Frankfurt opened lower. Tokyo and Seoul advanced while Shanghai and Hong Kong declined.
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Bank of Canada 'no hike' leaves housing fire burning, say market watchers

The Bank of Canada's decision to delay a rate hike for five more weeks will add fuel to Canada's scorching housing market as buyers scramble to clinch deals before borrowing costs rise, realtors said.
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Family clarifies no 'Picasso NFT' is set to be sold online

Pablo Picasso's family is not selling a digital asset linked to one of his works after all.
After a granddaughter and great-grandson of the artist trumpeted the upcoming sale, lawyers for the family said Thursday that his heirs have not authorized the launch of any such "Picasso NFT.
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Government not extending review of lithium company takeover a 'mistake': expert

An intelligence expert said the federal government's decision not to conduct a formal national security review on the takeover of a Canadian lithium mining company by a Chinese state-owned company was a "mistake.
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Apple sales and profit top estimates as hit from chip shortages eases

Apple Inc is overcoming the costly global shortage in computer chips, posting record sales over the holiday quarter, beating profit estimates and forecasting that its shortfall is narrowing.
The iPhone maker, which is world's largest company by market capitalization, has handled supply-chain challenges such as factory shutdowns and shipping delays brought on by the pandemic better than any of its top peers, analysts said.
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Uber Canada signs deal with union offering workers dispute representation

Uber Technologies Inc. has signed an agreement with a private sector union that will provide representation to Canadian drivers and couriers, but does not unionize workers.
The San Francisco, Calif-based tech giant said Thursday that it is partnering with United Food and Commercial Workers Canada, a union representing at least 250,000 workers at companies including Maple Leaf Foods Inc.
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