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North American stock markets partially rebound despite crude hitting five-month low

North American stock markets partially rebound despite crude hitting five-month low

TORONTO — North American stock markets partially rebounded from Wednesday's correction on a broad-based rally even though crude oil prices hit their lowest level in about five months.

Insurance firms pledge small-business help as pressure to address rising rates mounts

A group representing Canadian insurance companies has launched a team that will help small businesses find affordable coverage as rates rise during the pandemic, but critics expressed skepticism over the move.
RioCan CEO says real estate industry's norms have turned upside-down

RioCan CEO says real estate industry's norms have turned upside-down

TORONTO — Demand for space in prime office towers and shopping malls has plunged because the pandemic suddenly turned them into places that customers and tenants "don't even want to go to," RioCan Real Estate Investment Trust's veteran chief executiv
Wall Street ends higher after shaking off a wobbly start

Wall Street ends higher after shaking off a wobbly start

U.S. stocks shook off an early slide and closed broadly higher Thursday as the market steadied after its worst drop in more than four months. The S&P 500 rose 1.2%, bouncing back from a drop of 0.3% in the early going.

Canadian small business confidence drops in October as COVID-19 cases rise

Small business confidence appears to be an inverse function of the COVID-19 case count, with a new report finding the outlook of entrepreneurs fell in October just as the pandemic's second wave tracked upward.
N.S. offers hotels, motels property tax rebate to help with COVID-induced losses

N.S. offers hotels, motels property tax rebate to help with COVID-induced losses

HALIFAX — Nova Scotia hotel, motel and inn operators hit hard by the COVID-19 pandemic are being offered a property tax rebate. The rebate program will cost about $4.
Gildan understands airline industry's pain as reduced travel hurts T-shirt business

Gildan understands airline industry's pain as reduced travel hurts T-shirt business

Gildan Activewear Inc. says it is feeling some of the same pain as the airline industry as COVID-19 has upended the tourism business and demand for holiday printed T-shirts.
Recall of Daily Shield hand sanitizer expanded, manufacturer's licence suspended

Recall of Daily Shield hand sanitizer expanded, manufacturer's licence suspended

Health Canada has suspended the licence of a Mississauga manufacturer of hand sanitizer and issued an expanded recall for some of its products found to contain unauthorized ingredients that could be unsafe for consumers.
Suncor says end of Alberta oil quotas a "positive signal" as it reports $302M loss

Suncor says end of Alberta oil quotas a "positive signal" as it reports $302M loss

CALGARY — The Alberta government's decision to end its oil production curtailment program in December after almost two years is "a very positive signal" for oilsands and refining giant Suncor Energy Inc., CEO Mark Little said Thursday.
One-time costs of Husky takeover expected to be about $500 million, says Cenovus CEO

One-time costs of Husky takeover expected to be about $500 million, says Cenovus CEO

CALGARY — The one-time costs of merging with Husky Energy Inc. are expected to total about $500 million, including severance, says the CEO of Cenovus Energy Inc., adding the expense is worth it given the expected savings of about $1.