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Canadian Market Up Firmly In Positive Territory; Materials Shares Rally

After a somewhat cautious start, the Canadian market gained in strength Tuesday morning, thanks to strong buying in materials and utilities sectors.

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SunPower Q3 Results Top Estimates; Stock Up 13%

SunPower Corp. (SPWR) announced Tuesday that net income attributable to stockholders for the third quarter was $139.41 million or $0.74 per share, compared to a net loss of $84.38 million or $0.49 per share in the prior-year quarter.

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Bay Street Seen Opening On Mixed Note

Canadian shares are likely to open on a mixed note on Tuesday, with investors tracking the movements in European markets and slightly lower commodities.

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Farmland Partners Names President Luca Fabbri To Succeed Paul Pittman As CEO

Farmland Partners Inc. (FPI) announced Tuesday that its Board of Directors has approved a senior executive succession plan pursuant to which the Company's President Luca Fabbri will become Chief Executive Officer, effective following the filing of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2022, which is expected to occur in late February 2023.

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Japanese Yen Climbs In Cautious Trade

The Japanese yen advanced against its major counterparts in the European session on Tuesday amid safe-haven status, as rising coronavirus cases in China fuelled concerns about the growth outlook.

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Eurozone Retail Sales Recover In September

Euro area retail sales recovered in September despite the record inflation dampening the spending power and consumer confidence, data published by the statistical office Eurostat showed Tuesday. Retail sales rose 0.4 percent from August, when they stagnated, which was revised from a 0.3 percent fall. The increase was in line with economists' expectations.

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International Game Technology Reaffirms FY22 Revenue Outlook - Update

While reporting financial results for the third quarter on Tuesday, International Game Technology Plc (IGT) said it expects revenues for the fourth quarter of about $1.0 billion and reaffirmed its revenue outlook for the full-year 2022 in the range of $4.1 billion to $4.2 billion.

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PerkinElmer Boosts FY22 Adj. EPS Outlook As Q3 Results Top Estimates

While reporting financial results for the third quarter on Tuesday, healthcare company PerkinElmer, Inc. (PKI) raised its adjusted earnings, while trimming pro forma revenue guidance for the full-year 2022. The company also provided outlook for the fourth quarter.

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