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Magna International raises dividend as Q4 profit and revenue rise
TORONTO — Shares of Magna International Inc. rose more than eight per cent by mid-day Friday, after executives said the auto parts maker can grow despite a computer chip shortage plaguing the auto industry.
Feb 19, 2021 10:20 AM
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Clandestine haircuts and manicures: underground economy a pandemic problem
An underground economy that's expanded during Ontario's stay-at-home order hurts public finances and could be contributing to the spread of COVID-19, public health officials and experts said.
Feb 19, 2021 9:42 AM
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Government funding announced for harbourfront development in Saint John, N.B.
SAINT JOHN, N.B. — The federal, provincial and municipal governments announced $24 million Friday to prepare the former coast guard property on the waterfront in Saint John, N.B., for redevelopment.
Feb 19, 2021 9:36 AM
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UK top court gives Uber drivers benefits in landmark ruling
LONDON — Uber drivers in Britain should be classed as “workers" and not self-employed, the U.K. Supreme Court ruled Friday, in a decision that threatens the company's business model and holds broader implications for the so-called gig economy.
Feb 19, 2021 9:30 AM
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US existing home sales, and prices, rise again in January
Sales of previously occupied U.S. homes rose again last month, a sign that the housing market’s strong momentum from 2020 may be carrying over into this year. Existing U.S. home sales rose 0.
Feb 19, 2021 9:29 AM
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Statistics Canada says retail sales fell 3.4 per cent in December
OTTAWA — Canadian retail sales in December posted their largest decline since the low of April as provinces tightened restrictions in response to a rise in COVID-19 cases, taking a bite out of the normally busy holiday shopping season.
Feb 19, 2021 9:08 AM
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Chorus acquisition proposal talks end without deal, potential investment talks remain
HALIFAX — Chorus Aviation Inc. says an acquisition proposal from an unnamed bidder that it received last fall is no longer being considered, but that it remains in talks regarding a potential investment.
Feb 19, 2021 6:26 AM
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CGI to buy back 4.2 million shares from Caisse de depot et placement du Quebec
MONTREAL — CGI Inc. has signed a deal to buy back and cancel 4.2 million of its class-A subordinate voting shares from the Caisse de depot et placement du Quebec for $400 million. The technology consulting company says it will pay $95.
Feb 19, 2021 6:00 AM
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Oilsands producer Osum's leadership to sell shares after sweetened bid from Waterous
CALGARY — The leadership at private junior oilsands producer Osum Oil Sands Corp. say they will sell their shares after Waterous Energy Fund increased its bid by 25 per cent.
Feb 18, 2021 8:45 PM
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Some electricity restored in Texas, but water woes grow
AUSTIN, Texas — Power was restored to more homes and businesses Thursday in states hit by a deadly blast of winter that overwhelmed the electrical grid and left millions shivering in the cold this week.
Feb 18, 2021 7:35 PM
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