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National Business
Think about more than just the rate before locking in a mortgage, experts say
OTTAWA — As fixed-rate mortgage rate offerings tumble, those with variable loans thinking about switching over and locking in need to consider more than just the rate, experts say. James Laird, co-founder of Ratehub.
Sep 3, 2020 12:20 PM
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Services sector growth slows in August but still positive
WASHINGTON — Growth in the U.S. services sector, where most Americans work, slowed in August after big rebounds in June and July, indicating lingering problems stemming from the coronavirus pandemic.
Sep 3, 2020 11:23 AM
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DP World, Caisse de Deport to invest US$4.5 billion in global ports
DUBAI, United Arab Emirates — International port operator DP World reached a deal Thursday with one of Canada’s biggest pension-fund managers to pour an additional US$4.5 billion into their joint venture of ports and terminals.
Sep 3, 2020 10:18 AM
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U.S. productivity rises a record 10.1% in second quarter
SILVER SPRING, Md. — U.S. productivity rose at a 10.1% rate in the second quarter as the number of hours worked declined by the largest amount since the government started compiling the data more than 70 years ago.
Sep 3, 2020 10:03 AM
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Statistics Canada says merchandise trade deficit $2.45 billion in July
OTTAWA — Canada's merchandise trade deficit was $2.45 billion in July as both imports and exports continued to post strong gains, but remained below pre-pandemic levels, Statistics Canada said Thursday.
Sep 3, 2020 10:03 AM
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B.C. puts delays or put taxes on hold to help on pandemic recovery.
VICTORIA — The COVID-19 pandemic has prompted the British Columbia government to delay implementation of several taxes, including increasing the carbon tax.
Sep 2, 2020 7:39 PM
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Independent Cogeco board members reject $10.3B bid from U.S. firm, Rogers
The board of directors for Cogeco Inc. and Cogeco Communications Inc. say their independent members have rejected a hostile bid from a New York firm that offered $10.3 billion to buy the telecommunications companies.
Sep 2, 2020 7:31 PM
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United plans to furlough 16,000 workers, fewer than expected
United Airlines said Wednesday it plans to furlough 16,370 employees in October, a smaller number than the airline predicted in July because thousands of workers agreed to leave with the travel industry facing a slow recovery from the pandemic.
Sep 2, 2020 6:47 PM
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Fed survey finds widespread pessimism about economic future
WASHINGTON — The latest Federal Reserve survey of U.S. economic activity found generally modest gains in August but also pessimism about the future given the threats posed by the coronavirus.
Sep 2, 2020 6:33 PM
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Budget deficit to hit record $3.3T due to virus, recession
WASHINGTON — The federal budget deficit is projected to hit a record $3.
Sep 2, 2020 6:33 PM
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