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Transat shareholders approve sale to Air Canada by wide margin, despite late offer

Transat shareholders approve sale to Air Canada by wide margin, despite late offer

MONTREAL — Transat AT Inc.’s shareholders overwhelmingly approved a revised purchase offer from Air Canada despite the disclosure of a late and higher-priced competing bid.
Home sales surge 32.1% in November, cottage country leads in price gains

Home sales surge 32.1% in November, cottage country leads in price gains

Canadian home sales rose 32.1 per cent in November compared with the same month last year, matching the record-breaking year-over-year increase seen in October, the Canadian Real Estate Association said on Tuesday.
EU, Britain to toughen rules, fines for tech giants

EU, Britain to toughen rules, fines for tech giants

LONDON — Big tech companies face hefty fines in the European Union and Britain if they treat rivals unfairly or fail to protect users on their platforms, in proposed regulations unveiled Tuesday by officials in Brussels and London.
Videotron working with Samsung to gradually launch 5G network in Quebec

Videotron working with Samsung to gradually launch 5G network in Quebec

MONTREAL — Videotron says it is gradually launching its fifth-generation wireless network in Montreal before adding other regions of Quebec. The deployment over the next few years will be done in collaboration with Samsung.
Banks, insurers land court approval to host virtual AGMs in 2021

Banks, insurers land court approval to host virtual AGMs in 2021

TORONTO — Canada's most prominent banks and insurance companies have won the right to host their next annual general meetings online as the COVID-19 pandemic continues.
Virus resurgence hits H&M sales, cuts promising recovery

Virus resurgence hits H&M sales, cuts promising recovery

STOCKHOLM — Swedish fashion retailer H&M says its sales fell 10% in the fourth quarter as the second wave of the COVID-19 pandemic stalled consumer spending, cutting short a promising recovery seen in the third quarter.
Statistics Canada reports manufacturing sales edged up 0.3 per cent in October

Statistics Canada reports manufacturing sales edged up 0.3 per cent in October

OTTAWA — Manufacturing sales grew 0.3 per cent to $54.1 billion in October, led by the paper, and petroleum and coal industries, Statistics Canada said Tuesday. The agency said the rise followed a revised increase of 2.
US industrial production up 0.4% in November with auto boost

US industrial production up 0.4% in November with auto boost

WASHINGTON — U.S. industrial production increased 0.4% in November with manufacturing receiving a boost from a rebound in output at auto plants after three months of declines.
Building picked up in November as housing starts jumped 14.4%

Building picked up in November as housing starts jumped 14.4%

Builders broke ground on more homes in November as construction on multi-family housing picked up in Vancouver and Montreal, Canada Mortgage and Housing Corp. said on Tuesday. The seasonally adjusted annual rate of housing starts rose 14.
Tips become a way for regulars to show their appreciation for local restaurants

Tips become a way for regulars to show their appreciation for local restaurants

Every year around Christmas, Toronto restaurant Allen’s holds a holiday party for their regulars, and tips from the event are divided out to staff as a Christmas bonus.
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