national business news

China’s economy misses growth forecasts, raising the odds of more support for its edged recovery – Business News

Photo: The Canadian Press China’s economic growth missed forecasts in the second quarter of the year, adding to worries over surging youth unemployment and a weak property sector and raising the likelihood the government will double down on support for the faltering post COVID-19 recovery. The world’s second largest economy grew at a 6.3% annual […]

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Dollarama 21 per cent sees an increase in sales year-over-year

MONTREAL – Dollarama Inc. enjoyed a 21 per cent year-over-year jump in sales in its latest quarter as the discount retailer scooped up consumers seeking cheaper products amid high inflation. In the quarter ended April 30, the company said strong demand was held up across the board, from consumables to seasonal items and general merchandise,

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Mass event will let hackers test limits of AI technology – Business News

Photo: The Canadian Press Rumman Chowdhury, co-founder of Humane Intelligence, a nonprofit developing accountable AI systems. No sooner did ChatGPT get unleashed than hackers started “jailbreaking” the artificial intelligence chatbot — trying to override its safeguards so it could blur out something unhinged or obscene. But now its maker, OpenAI, and other major AI providers

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Onex shareholders approve the plan to replace Gerry Schwartz as CEO

business Shareholders of Onex Corp. have approved a change to its multiple-voting shares that will allow Gerry Schwartz to retain voting control of the company for another three years even as he officially steps down as chief executive. Schwartz will maintain voting control of the company he has led for 40 years until at least

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Teck Resources board of directors rejected the latest Glencore takeover bid – Business News

Photo: Tech Teck Resources Ltd.’s board of directors has rejected the latest takeover offer from Swiss company Glencore. The BC-based mining company said Thursday the revised offer is not in the best interest of shareholders. Teck said its board and management team remained committed to its plan announced in February to split up its metal

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