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National Business
S&P/TSX composite rise on energy gains amid higher crude oil prices
TORONTO — Canada's main stock index recovered from early losses Thursday as increased crude oil prices propelled the energy sector and loonie higher. The S&P/TSX composite index gained 33.48 points to 17,593.
Dec 10, 2020 5:22 PM
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MasterCard, Visa end card use on Pornhub after allegations of illegal content
MONTREAL — Payments companies MasterCard and Visa say they will no longer allow their cards to be used on Pornhub, a website owned by the Montreal-based company Mindgeek.
Dec 10, 2020 5:17 PM
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Airbnb shares more than double in price in long-awaited IPO
Airbnb proved its resilience in a year that has upended global travel. Now it needs to prove it can live up to investors’ sky-high expectations. The San Francisco-based home sharing company made a triumphant debut on the public market Thursday.
Dec 10, 2020 5:12 PM
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Bank of Canada doesn't see housing bubble but it's watching out, deputy governor says
TORONTO — A deputy governor of the Bank of Canada says the central bank is monitoring rising housing prices, as it keeps interest rates low to help borrowers cope with the COVID-19 pandemic.
Dec 10, 2020 4:45 PM
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US budget deficit up 25.1% in first 2 months of budget year
WASHINGTON — The U.S. government's deficit in the first two months of the budget year ran 25.1% higher than the same period a year ago as spending to deal with the COVID pandemic soared while tax revenues fell.
Dec 10, 2020 2:49 PM
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Empire Q2 profit and sales up, plans online grocery expansion in Alberta
Empire Co. Ltd. reported its second-quarter profit and sales rose compared with a year ago as it announced plans to expand its Voila online grocery service to Alberta.
Dec 10, 2020 2:49 PM
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Hudson's Bay seeks judicial review of 'crippling' retail closures in Toronto area
TORONTO — Hudson's Bay Co. is asking an Ontario court to review the province's decision to temporarily close non-essential retailers in Toronto and Peel Region.
Dec 10, 2020 2:46 PM
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Maple syrup harvest hits record high in 2020; sales also rise
OTTAWA — Canada's maple syrup harvest hit a record high of 14.3 million gallons this year, despite shutdowns during the early stages of the COVID-19 pandemic, Statistics Canada said on Thursday. This year's harvest was 8.
Dec 10, 2020 2:35 PM
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McInnis Cement plant in Quebec part of joint venture controlled by Brazilian company
MONTREAL — The Caisse de depot et placement is ceding control of Quebec's McInnis Cement plant to a Brazilian conglomerate after provincial taxpayers lost several hundred million dollars on the project.
Dec 10, 2020 1:28 PM
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COVID-19, system barriers challenging Indigenous women who own businesses: study
TORONTO — Canadian businesses owned by Indigenous women have been steadily growing, but that progress is being threatened by COVID-19 and other systemic barriers, say researchers behind a new study.
Dec 10, 2020 1:22 PM
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