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Alberta's Kenney says targeted approach needed to prevent COVID-19 resurgence

EDMONTON — Premier Jason Kenney says Alberta has been among the world leaders in staunching the spread of the COVID-19 pandemic, but at a staggering financial cost the province cannot afford to repeat should there be a second wave.
Mobile phone sales 'very quiet' even as some stores reopen, Rogers CEO says

Mobile phone sales 'very quiet' even as some stores reopen, Rogers CEO says

TORONTO — Sales of mobile phones have been "very quiet" and likely won't pick up until customers return to stores and malls that have been temporarily closed due to the pandemic, the head of Canada's largest wireless business said Wednesday.
CMHC sees declines in home prices, sales, starts that will linger to end of 2022

CMHC sees declines in home prices, sales, starts that will linger to end of 2022

Canada's housing sector will see a retreat in prices, sales and building in the months ahead and likely won't see a return to pre-pandemic levels until at least the end of 2022, said Canada Mortgage and Housing Corp. in an outlook released Wednesday.
BMO, RBC Q2 profit down from a year ago as provisions for credit losses soar

BMO, RBC Q2 profit down from a year ago as provisions for credit losses soar

TORONTO — Midway through bank earnings season, a picture is forming of a financial industry starting to feel the weight of loan deferrals and massive money allocations to cover potential defaults.
CEO pay has topped $12.3M. Can it keep rising post-pandemic?

CEO pay has topped $12.3M. Can it keep rising post-pandemic?

The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million last year, and the gap between the boss and their workforces widened further, according to AP’s annual survey of executive compensation.
Canada initiates dumping investigation of steel imports from five countries

Canada initiates dumping investigation of steel imports from five countries

OTTAWA — The Canada Border Services Agency says it has initiated an investigation in alleged dumping of some steel imports from Taiwan, Germany, South Korea, Malaysia and Turkey.

ATS Automation Tooling Systems reports $13.1M fourth-quarter profit

CAMBRIDGE, Ont. — ATS Automation Tooling Systems Inc. says it is focused on its costs and the preservation of liquidity as it works to deal with disruptions caused by the pandemic.
BMO reports Q2 profit down from year ago as provisions for credit losses rise

BMO reports Q2 profit down from year ago as provisions for credit losses rise

TORONTO — BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.
Toronto Star owner Torstar to be sold, taken private in $52- million deal

Toronto Star owner Torstar to be sold, taken private in $52- million deal

TORONTO — Five families that built and grew media conglomerate Torstar Corp. have agreed to hand the newspapers they presided over for roughly 70 years to a Canadian investment firm that plans to take the company private.
N.L. warns of exodus of oil and gas industry without more federal help

N.L. warns of exodus of oil and gas industry without more federal help

ST. JOHN'S, N.L. — Newfoundland and Labrador's government is looking for a rapid answer from Ottawa on its request for aid for the offshore oil sector in light of a quickening exodus of exploration rigs from the province.