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MEC's sale to investment firm signals more tough times ahead for retailers

MEC's sale to investment firm signals more tough times ahead for retailers

Retail analysts are cautioning that more Canadian stores could follow Mountain Equipment Co-op’s path toward restructuring in the coming months as the pandemic pushes an increasingly fractured retail market to the brink.
North American stock markets climb on continuing positive outlook for economy

North American stock markets climb on continuing positive outlook for economy

TORONTO — North American stock markets climbed amid positive signals in Canada and elsewhere about the strength of a post-pandemic rebound.
Rogers pursues options for Quebec, Ontario expansion amid industry's 5G push

Rogers pursues options for Quebec, Ontario expansion amid industry's 5G push

TORONTO — The chief executive of Rogers Communications Inc. said Tuesday that it's the right time in history to decide what to do with the company's sizable investment in Cogeco, which owns large cable systems in Quebec and Ontario.
Either be patient, or pay up: Sending money across US border requires trade-off

Either be patient, or pay up: Sending money across US border requires trade-off

TORONTO — Terry Ritchie, who splits his time between Calgary and Phoenix, Ariz., and his son, a WestJet pilot, often find themselves facing a dilemma: Should they pony up fees to transfer some money from their U.S.
Trans Mountain pipeline expansion on schedule, budget after one year, CEO says

Trans Mountain pipeline expansion on schedule, budget after one year, CEO says

CALGARY — A year after construction was allowed to restart on the Trans Mountain pipeline expansion, its chief executive says the project is on budget and on schedule for completion by the end of 2022.
Loblaw investing $75 million for minority stake in telemedicine firm Maple

Loblaw investing $75 million for minority stake in telemedicine firm Maple

TORONTO — Loblaw Companies Ltd. is spending $75 million for a minority stake in telemedicine company Maple Corp., which helps connect people with doctors and medical specialists using a smartphone or computer.
Canadian Press NewsAlert: U.S. standing down on aluminum tariffs

Canadian Press NewsAlert: U.S. standing down on aluminum tariffs

OTTAWA — The United States is standing down in its dispute with Canada over imported aluminum. 1:09 The U.S.
Ivanhoe says at least two people killed in accident at Platreef mine in South Africa

Ivanhoe says at least two people killed in accident at Platreef mine in South Africa

Vancouver-based Ivanhoe Mines Ltd. is reporting at least two people have been killed in an accident at its Platreef mine development project in South Africa.
US tariffs on China are illegal, says world trade body

US tariffs on China are illegal, says world trade body

GENEVA — A World Trade Organization panel ruled Tuesday that Trump administration tariffs on $200 billion worth of Chinese goods are illegal, vindicating Beijing even if the United States has all but incapacitated the WTO's ability to hand down a fin
Federal Reserve to meet after sharp changes to its outlook

Federal Reserve to meet after sharp changes to its outlook

WASHINGTON — Federal Reserve policymakers will meet this week for the first time since they significantly revised the Fed's operating framework in ways that will likely keep short-term interest rates near zero for years to come.
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