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National Business
National Business
DavidsTea to shrink network to 18 stores in Canada after renegotiating leases
MONTREAL — DavidsTea Inc. will shrink its retail store network to 18 Canadian locations as the insolvent beverage chain shutters 82 more stores in the country while dealing with the impact of COVID-19.
Jul 30, 2020 10:25 AM
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Crescent Point loses $145 million in Q2 on 73-per-cent revenue decline
CALGARY — Crescent Point Energy Corp. is reporting a $145.1 million loss in its latest quarter on a 73-per-cent decrease in revenues amid lower crude oil prices.
Jul 30, 2020 9:53 AM
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Gildan Activewear misses expectations as COVID-19 drives down sales
MONTREAL — Gildan Activewear Inc. missed expectations as it reported a large second-quarter loss after sales plunged 71 per cent amid widespread closures of customer stores because of COVID-19. The Montreal-based company, reporting in U.S.
Jul 30, 2020 8:54 AM
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1.4 million seek jobless aid as virus keeps forcing layoffs
WASHINGTON — More than 1.4 million laid-off Americans applied for unemployment benefits last week, further evidence of the devastation the coronavirus outbreak has unleashed on the U.S. economy.
Jul 30, 2020 8:49 AM
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German economy plunged 10% during 2nd quarter amid pandemic
FRANKFURT — Germany’s economy, Europe's largest, took a massive hit during the pandemic shutdowns, shrinking by 10.1% per cent during the April-June period from the previous quarter as exports and business investment collapsed.
Jul 30, 2020 6:52 AM
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Total writes off $9.3B in oilsands assets, cancels Canadian oil lobby membership
CALGARY — French energy giant Total says it is writing off $9.3-billion (US$7 billion) worth of oilsands assets in Alberta and cancelling its membership in the Calgary-based Canadian Association of Petroleum Producers.
Jul 29, 2020 9:06 PM
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The Latest: Zuckerberg questioned on viral misinformation
WASHINGTON — The Latest on testimony before a congressional committee by the CEOs of Facebook, Apple, Amazon and Google (all times local): 6:30 p.m.
Jul 29, 2020 6:51 PM
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Fed sees dim economic outlook as virus squeezes economy
WASHINGTON — Federal Reserve Chair Jerome Powell warned Wednesday that the viral epidemic is endangering the modest economic recovery that followed a collapse in hiring and spending this spring.
Jul 29, 2020 5:28 PM
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Canada's arts and recreation businesses face greatest risk of closure: CFIB
TORONTO — Canada's struggling independent businesses in the arts, entertainment and recreational sectors are at the highest risk of permanently closing due to COVID-19, according to the Canadian Federation of Independent Business.
Jul 29, 2020 5:19 PM
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Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,294.66, up 173.34 points) Aphria Inc. (TSX:APHA). Healthcare. Down $1.50, or 18.7 per cent, to $6.52 on 9.98 million shares.
Jul 29, 2020 5:16 PM
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