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National Business
National Business
Teck swings to loss as COVID-19 snarls production and dents demand
Teck Resources Ltd. saw profits fall by 165 per cent last quarter as the COVID-19 pandemic dented demand for its commodities and slashed prices.
Jul 23, 2020 7:23 PM
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Global News lays off unspecified number of staff in "significant" restructuring
TORONTO — Global News is cutting some of its workforce in what it describes as a "significant" restructuring. The Canadian news organization owned by Corus Entertainment Inc.
Jul 23, 2020 6:47 PM
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Jobless claims rise as cutoff of extra $600 benefit nears
WASHINGTON — The nation got another dose of bad economic news Thursday as the number of laid-off workers seeking jobless benefits rose last week for the first time since late March, intensifying concerns the resurgent coronavirus is stalling or even
Jul 23, 2020 5:38 PM
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Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,018.65, down 152.41) Bombardier Inc. (TSX:BBD.B). Industrials. Down three cents, or 6.19 per cent, to $0.46 on 10.58 million shares.
Jul 23, 2020 5:36 PM
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Precision Drilling Q2 loss surges as pandemic weakens demand for oil
CALGARY — A sharp decline in North American oilfield activity in the second quarter meant more layoffs, contract terminations and parked drilling rigs, Precision Drilling Corp. reported Thursday. The Calgary-based company reported a net loss of $48.
Jul 23, 2020 5:31 PM
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Some older personal finance rules may no longer apply, experts say
Start saving for retirement in a Registered Retirement Savings Plan as soon as possible. Make sure you're saving at least 10 per cent of your income. Don't spend more than a third of each pay check on housing — but don't rent forever either.
Jul 23, 2020 5:24 PM
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North American stock markets fall, while gold continues to shine
North American stock markets closed in the red Thursday, while gold prices continued to soar, edging closer to an all-time high.
Jul 23, 2020 5:18 PM
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Movie theatres implore studios: Release the blockbusters
NEW YORK — A long time ago in a pre-COVID universe far, far away, blockbusters opened around the globe simultaneously or nearly so. In 1975, “Jaws” set the blueprint. Concentrate marketing. Open wide. Pack them in.
Jul 23, 2020 4:16 PM
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Pandemic grips commerce, hits railroader Union Pacific
OMAHA, Neb. — Union Pacific’s second-quarter profit fell 28% from a year ago as carload revenue tumbled in the coronavirus pandemic.
Jul 23, 2020 3:42 PM
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Trican Well Service says CEO stepping down, chairman named as replacement
CALGARY — Trican Well Service Ltd. says Dale Dusterhoft, its president and CEO for the past 11 years, is stepping down. The Calgary-based company says Bradley Fedora will take on the role as of Sept.
Jul 23, 2020 3:30 PM
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