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National Business
National Business
Linamar signs deal to buy assets in U.S. from Mobex for US$70 million
GUELPH, Ont. — Linamar Corp. has signed a deal with automotive parts supplier Mobex Fourth and 1 to buy a substantial portion of its U.S.-based assets for US$70 million in cash.
Sep 21, 2023 12:18 PM
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Fraud in auto, credit card, mortgage sectors rise amid interest rate hikes: study
TORONTO — New data suggests an uptick in fraud in the auto, credit card and mortgage sectors is driven by growing financial pressures on consumers and by fraudsters using bold schemes.
Sep 21, 2023 12:07 PM
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First private US passenger rail line in 100 years is about to link Miami and Orlando at high speed
MIAMI (AP) — The first big test of whether privately owned high-speed passenger train service can prosper in the United States will launch Friday when Florida's Brightline begins running trains between Miami and Orlando, reaching speeds of 125 mph (2
Sep 21, 2023 11:48 AM
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Self-driving tech company Waabi strikes partnership with Uber Freight
TORONTO — Self-driving tech company Waabi says it has struck a partnership with Uber Technologies Inc.'s freight division to accelerate autonomous trucking adoption.
Sep 21, 2023 11:46 AM
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As 'perfect storm' pushes more to the brink, here's what to know about bankruptcy
With Canadians’ debt on the riseas they deal with surging pricesand interest rates, experts say many people are in the dark about the insolvency process, even though it could help those in dire straits get a clean slate.
Sep 21, 2023 11:44 AM
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Cisco buying cybersecurity firm Splunk for $28 billion, bolstering defenses as use of AI widens
Cisco is buying the cybersecurity firm Splunk in a $28 billion deal as it bolsters its defenses against potential security threats that may be heightened by the widening use of artificial intelligence.
Sep 21, 2023 9:44 AM
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Bank of England joins US Fed in keeping interest rates unchanged after inflation declines
LONDON (AP) — The Bank of England on Thursday paused nearly two years of interest rate increases after a surprising fall in U.K. inflation eased concerns about the pace of price rises.
Sep 21, 2023 8:02 AM
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Toronto Pearson Airport ranks low in customer satisfaction: study
Toronto and Montreal airports were near-bottom in the race for passenger satisfaction this year, according to a study by J.D. Power.
Sep 20, 2023 9:47 PM
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Airbnb says it's cracking down on fake listings and has removed 59,000 of them this year
Fake listings have emerged as a major problem for Airbnb, threatening to scare off consumers and prompting the short-term rental service to use AI in an effort to crack down on fraudsters.
Sep 20, 2023 6:12 PM
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Fed keeps rates unchanged and signals optimism about a potential 'soft landing'
WASHINGTON (AP) — The Federal Reserve left its benchmark interest rate unchanged Wednesday for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased.
Sep 20, 2023 6:06 PM
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