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Spin Master reports loss in Q4, expects impact from coronavirus

Spin Master reports loss in Q4, expects impact from coronavirus

TORONTO — Spin Master Corp. says it swung to a loss in the fourth quarter in part because of supply chain issues at its U.S. distribution centre, and it expects further supply impacts this year because of the novel coronavirus.
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Undetected cracks blamed for Enbridge gas pipeline blast in B.C. in 2018

Undetected cracks blamed for Enbridge gas pipeline blast in B.C. in 2018

CALGARY — A delayed inspection and a failure to predict how fast cracks could develop from corrosion are cited in a report describing the cause of an explosion and fire in an Enbridge Inc. natural gas pipeline northeast of Prince George, B.C.
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North American stock markets rally in aftermath of interest rate cuts

North American stock markets rally in aftermath of interest rate cuts

TORONTO — North American stock markets enjoyed a relief rally in the aftermath of interest rate cuts on both sides of the border and a strong primary night for former U.S. vice president Joe Biden.
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Canopy Growth to lay off 500, close two greenhouses and take $700-$800M writedown

Canopy Growth to lay off 500, close two greenhouses and take $700-$800M writedown

Canopy Growth Corp. is orchestrating a massive overhaul involving a layoff of 500 workers, a multimillion-dollar writedown, the closure of two greenhouses and the cancellation of plans to operate a third. The Smiths Falls, Ont.
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Fisheries producers shifting gears to adjust to coronavirus impact on markets

Fisheries producers shifting gears to adjust to coronavirus impact on markets

HALIFAX — Atlantic Canadian fisheries entrepreneurs like Danny Dumaresque have to be nimble in their marketing efforts as the impact of the novel coronavirus hits their Asian customer base and delays key industry events.
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Most actively traded companies on the TSX

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,779.53, up 355.91 points.) Manulife Financial Corp. (TSX:MFC). Financials. Up 33 cents, or 1.48 per cent, to $22.64 on 13.
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Shopify cancels events at L.A. space for entrepreneurs amid coronavirus concerns

Shopify cancels events at L.A. space for entrepreneurs amid coronavirus concerns

TORONTO — Shopify Inc. says it is postponing all events, one-on-one appointments and workshops at its Los Angeles entrepreneurs' space.
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Bank of Canada rate cut to mean cheaper borrowing and lower interest on savings

Bank of Canada rate cut to mean cheaper borrowing and lower interest on savings

TORONTO — The Bank of Canada cut its key lending rate by half a percentage point on Wednesday over concerns of the novel coronavirus.
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Bank of Canada cuts key rate to 1.25 per cent amid coronavirus concerns

Bank of Canada cuts key rate to 1.25 per cent amid coronavirus concerns

OTTAWA — The Bank of Canada slashed its key interest rate target by half a percentage point, dropping it to 1.25 per cent in what economists saw as a rapid response to the growing economic shock from the novel coronavirus outbreak.
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Aecon paints a rosy picture of year ahead, despite fourth-quarter profit drop

Aecon paints a rosy picture of year ahead, despite fourth-quarter profit drop

Aecon Group Inc. is forecasting another year of income growth on the heels of record annual revenue, as the construction firm continues to shore up its backlog of infrastructure projects.
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