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National Business
Endeavour and Semafo shareholders overwhelmingly approve $1B merger
MONTREAL — Two Montreal-based mining companies with West African gold operations say their shareholders have overwhelmingly approved a $1-billion combination deal. SEMAFO Inc. and Endeavour Mining Corp. say more than 99.
May 28, 2020 6:27 PM
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Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (15,262.73, down 9.30 points.) Sun Life Financial Inc. (TSX:SLF). Financials. Down 30 cents, or 0.62 per cent, to $48.09 on 24.
May 28, 2020 5:18 PM
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Toronto stock market dips on weakness in the energy and financials sectors
TORONTO — Canada's main stock index slipped lower at the end of Thursday trading as a two-day rally by the heavyweight financials sector concluded with banks being among the biggest decliners on the day.
May 28, 2020 5:06 PM
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Court denies request to revive US pipeline permit program
BILLINGS, Mont. — A U.S. appeals court on Thursday turned down a request by the Trump administration and energy industry groups to revive a permit program for new oil and gas pipelines that had been cancelled by a lower court.
May 28, 2020 5:00 PM
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Private nursing home owners under pressure as COVID-19 exposes flaws in system
CALGARY — The owners of Canada's private nursing homes are under increasing pressure from investors and critics alike as infections and deaths from the COVID-19 outbreak continue among the country's oldest and most vulnerable citizens.
May 28, 2020 4:56 PM
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BRP's CEO hopes 'staycations' will boost sales of Sea-Doos and off-road vehicles
Sea-Doo maker BRP Inc. is facing a rough ride after the COVID-19 pandemic sank profits last quarter, with the company scrambling to cut costs while ramping up production following factory shutdowns.
May 28, 2020 4:29 PM
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'Broken eggshells' and 'Star Trek finance': Banks warn of COVID-19 headwinds
TORONTO — Slashed interest rates and a widespread economic shutdown ate into second-quarter profits at Canada's major banks, with financial institutions saying deep wells of cash are needed to protect themselves from the impact of the COVID-19 pandem
May 28, 2020 3:51 PM
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Simon & Schuster names Jonathan Karp as new CEO
NEW YORK — Jonathan Karp, who has worked with authors ranging from Sen. Edward Kennedy to Susan Orlean, has been named the new CEO of Simon & Schuster. He replaces Carolyn Reidy, who died two weeks ago.
May 28, 2020 3:32 PM
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Air Canada increases size of financing deal to roughly $1.4 billion
MONTREAL — Air Canada has increased the size of a financing deal announced earlier this week to roughly $1.4 billion as it works to bolster its coffers to deal with the pandemic. The company says the shares in the offering have been priced at $16.
May 28, 2020 1:04 PM
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Pending home sales plunged 21.8% in April on a monthly basis
BALTIMORE — April had a record collapse in Americans signing contracts to buy homes, a reflection of the broader shutdown of economic activity in response to the coronavirus outbreak.
May 28, 2020 10:06 AM
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