News of the day: Cohere AI merger, higher-paid newcomers, flying in comfort, DIY mortgages, Lululemon’s new CEO and more

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Cohere CEO Aidan Gomez speaks at the recent HumanX Conference in San Francisco. Cohere announced Friday that it was merging with Aleph Alpha.Cohere Inc. chief executive Aidan Gomez speaks at the recent HumanX Conference in San Francisco. Cohere announced Friday that it was merging with Aleph Alpha GmbH. Photo by Big Event Media/Getty Images for HumanX Conference

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It’s Friday, April 24. Here are the top stories we’re following today.

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Canadian artificial intelligence firm Cohere Inc. has agreed to merge with German counterpart Aleph Alpha GmbH to create what the companies say will be a “transatlantic AI powerhouse.”

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Close up of pencil on a Canadian immigration form Canada changed its immigration policies in 2024, including placing a cap on the number of temporary residents, following an explosion in foreign labour in the wake of the pandemic. Photo by Alexskopje/Getty Images

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The federal government over the next month will be consulting stakeholders about reforming its Express Entry system, which started about a decade ago and provides prospective immigrants with points for their education level, work experience, language proficiency, age and other factors.

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Air Canada aircraft parked at Vancouver International Airport in Richmond, B.C. Air Canada aircraft parked at Vancouver International Airport in Richmond, B.C. Photo by THE CANADIAN PRESS/Darryl Dyck

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Air Canada is acquiring 30 new planes that feature 14 lie-flat seats on a single-aisle aircraft, the company announced on Friday. The airline will be the first in Canada to offer this type of horizontal seating, through its newly designed Signature Class premium cabins, starting this summer.

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Team Architecture Engineer design construction or building real estate. There’s plenty to admire in Canadian Imperial Bank of Commerce’s new online mortgage shopping offering. Hopefully, its team knows what’s at stake if it fumbles digital mortgages the way Bank of Nova Scotia fumbled eHOME. Photo by The Best Photo For All/Getty images

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Our banks have been incredibly slow to join the do-it-yourself mortgage movement. Every lender in the country has the technology to deliver fast, cheap, fully automated mortgages online. But they choose not to, writes Robert McLister.

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Heidi O'Neill has been named chief executive of Lululemon Athletica Inc. Heidi O’Neill has been named chief executive of Lululemon Athletica Inc. Photo by Lululemon Athletica Inc./Handout/The Canadian Press

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When Heidi O’Neill takes the reins of Lululemon Athletica Inc. on Sept. 8, she will be tasked with reviving the Vancouver-based retailer’s growth while appeasing a discontented and outspoken group of shareholders who will likely be watching her every move.

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