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Financial, energy sectors lead Toronto market higher, U.S. markets also trade up

Financial, energy sectors lead Toronto market higher, U.S. markets also trade up

TORONTO — North American markets closed the week up with a late-day surge, while the loonie rose against the U.S. dollar.
Heritage Canada commits $500 million to arts and sports sectors impacted by COVID-19

Heritage Canada commits $500 million to arts and sports sectors impacted by COVID-19

TORONTO — Heritage Minister Steven Guilbeault unveiled early plans on Friday to give $500 million to Canada's arts, sports and cultural sectors as they weather the COVID-19 pandemic — but exactly who will benefit remains to be determined.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (14,359.88, up 460.56 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Up half a cent, or 1.18 per cent, to 43 cents on 15.
Cities and towns in Atlantic Canada feeling cash crunch from COVID-19: HRM mayor

Cities and towns in Atlantic Canada feeling cash crunch from COVID-19: HRM mayor

HALIFAX — Cities and towns of all sizes in Atlantic Canada are calling out for financial help to maintain basic and essential services as they feel the economic squeeze of battling COVID-19.
Mutual funds get more room to meet investor redemptions amid COVID's volatility

Mutual funds get more room to meet investor redemptions amid COVID's volatility

TORONTO — Canada's securities regulators are giving mutual funds temporary additional flexibility to borrow money in response to recent market volatility amid the COVID-19 pandemic.
UK broadens two key schemes to limit lockdown's economic hit

UK broadens two key schemes to limit lockdown's economic hit

LONDON — The British government has broadened two of the biggest economic relief programs it has put in place to limit the economic fallout of the coronavirus pandemic.

Native American woman removed from Land O'Lakes packaging

ARDEN HILLS, Minn. — The Native American woman who has graced the packaging of Land O’Lakes butter, cheese and other products since the late 1920s has quietly disappeared.
Tech sector pivots to help with companies, health-care sector deal with COVID-19

Tech sector pivots to help with companies, health-care sector deal with COVID-19

TORONTO — Michael Hartley was overseeing the health, safety and environmental risks for a 6,200-person offshore oil project in the Caspian Sea when the Transocean Deepwater Horizon drilling rig exploded, killing 11 workers on board and releasing mill
Insurance companies cut group health plan premiums as claims fall

Insurance companies cut group health plan premiums as claims fall

TORONTO — Canadian insurance companies are slashing premiums in a bid to help small- and medium-sized businesses grappling with COVID-19.
Transat to rehire 4,000 employees with federal subsidy as planes remain parked

Transat to rehire 4,000 employees with federal subsidy as planes remain parked

MONTREAL — Transat A.T. Inc. plans to use the federal emergency wage subsidy to rehire 4,000 employees it had temporarily laid off after halting all flights due to the COVID-19 pandemic.