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Car and truck sales down 2.1 per cent in October amid shortages, pandemic measures

Car and truck sales down 2.1 per cent in October amid shortages, pandemic measures

TORONTO — Canadian dealerships sold 156,095 cars and trucks in October, down 2.1 per cent from the previous year, according to DesRosiers Automotive Consultants Inc.
Ontario launching new colour-coded system for COVID restrictions

Ontario launching new colour-coded system for COVID restrictions

TORONTO — Ontario revealed a new tiered system for COVID-19 restrictions on Tuesday, saying it will help fight the pandemic at a regional level, but critics said the framework prioritized the economy over public health.
New Thomson Reuters chief executive pushing to reduce organization's complexity

New Thomson Reuters chief executive pushing to reduce organization's complexity

TORONTO — Thomson Reuters's chief executive said Tuesday that the company has performed well through the COVID-19 crisis, but he's eager to make further improvements going into next year.
Waterous Energy Fund to bid $126 million to increase Osum Oil Sands stake to 85%

Waterous Energy Fund to bid $126 million to increase Osum Oil Sands stake to 85%

Calgary-based Waterous Energy Fund says it intends to launch a formal takeover bid for private junior oilsands producer Osum Oil Sands Corp. to raise its ownership stake to 85 per cent. The private fund is offering to buy to 52.
Canadian railways set monthly record by moving 6.3 million tonnes of grain in October

Canadian railways set monthly record by moving 6.3 million tonnes of grain in October

CALGARY — Canada's two largest railways transported a record monthly total of 6.3 million tonnes of Canadian grain in October. Montreal-based CN Rail ended the month moving 3.27 million tonnes while Canadian Pacific Railway shipped 3.
Vancouver housing market posts second-best October on record as sales rise 29%

Vancouver housing market posts second-best October on record as sales rise 29%

Vancouver home sales were up 29 per cent compared with a year ago in October, making it the second-best October on record, the Real Estate Board of Greater Vancouver said Tuesday.
Saskatoon-based firm takes US$587M loss on phosphate fertilizer plants writedown

Saskatoon-based firm takes US$587M loss on phosphate fertilizer plants writedown

SASKATOON — Strong growth in global food demand combined with promising harvest and fertilizing plans in the United States and elsewhere around the world bode well for Nutrien Ltd. going into 2021, chief executive Chuck Magro says.
Cruise industry throws in the towel on 2020, looks to 2021

Cruise industry throws in the towel on 2020, looks to 2021

SILVER SPRING, Md. — The cruise industry has jettisoned hopes of restarting operations this year.
Newfoundland and Labrador government appoints mediator in ongoing Dominion strike

Newfoundland and Labrador government appoints mediator in ongoing Dominion strike

ST. JOHN'S, N.L. — The Newfoundland and Labrador government has appointed a mediator in the ongoing labour dispute between the province's striking Dominion grocery workers and Loblaw Companies Ltd., the company they work for.
Dorel shareholder pushes back at plan to take company private

Dorel shareholder pushes back at plan to take company private

MONTREAL — The second-largest shareholder of Dorel Industries says it won't support a proposal to take the company private under the terms offered Monday. Montreal-based investment firm Letko, Brosseau & Associates Inc says it controls about 13.
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