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National Business
National Business
CN, CP ship record grain volumes in 2019-2020 despite blockades and COVID-19
Canada's two major railways shipped record amounts of grain over the past crop year despite a gauntlet of obstacles. Canadian National Railway Co.
Aug 5, 2020 11:53 AM
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Treasury ramps up auctions as borrowing, virus surges
WASHINGTON — The Treasury Department will ramp up the size of the bonds and other securities it auctions across-the-board in the face of the unprecedented borrowing needs of the the U.S. government as cases of COVID-19 surge in parts of the country.
Aug 5, 2020 9:34 AM
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US trade deficit drops in June on record rise in exports
WASHINGTON — The U.S. trade deficit fell in June for the first time since February as exports posted a record increase, rising twice as fast as imports.
Aug 5, 2020 9:24 AM
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Norbord beats expectations with US$18M profit in Q2 despite lower sales
TORONTO — Norbord Inc. beat expectations as it swung to an US$18-million profit in the second quarter despite a six-per-cent drop in revenues. The Toronto-based forest products company, which reports in U.S.
Aug 5, 2020 9:19 AM
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Bausch to pay $94 million plus costs to resolve Canadian securities class action
LAVAL, Que. — Bausch Health Companies Inc. says it is ending significant legal matters from the Valeant era by agreeing to pay $94 million plus administration costs to resolve a Canadian securities class action.
Aug 5, 2020 8:32 AM
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Thomson Reuters core profit increases in Q2 despite dip in revenues
TORONTO — Thomson Reuters says its core earnings increased to US$221 million in the second quarter despite a small decrease in overall revenues. The Toronto-based company, which reports in U.S.
Aug 5, 2020 8:05 AM
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Ford COO Jim Farley to lead company, CEO Hackett to retire
DETROIT — Jim Farley will lead Ford Motor Co. into the future as the global auto industry faces a new era of autonomous and electric vehicles. The company named Farley, 58, as its new CEO effective Oct.
Aug 4, 2020 8:35 PM
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Great-West Lifeco to sell Canadian subsidiary for $175 million to Mackenzie
WINNIPEG — Great-West Lifeco Inc. says it is selling its Canadian subsidiary GLC Asset Management Group Ltd. to Mackenzie Financial Corp. for $175 million in cash.
Aug 4, 2020 7:03 PM
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Stingray reports lower Q1 revenue, earnings as pandemic hits radio business
MONTREAL — Stingray Group Inc. says revenue in its fiscal first quarter ended June 30 fell by 35 per cent to $52.3 million as the impact of the COVID-19 pandemic hit revenue from radio operations. It is reporting net income of $7.02 million, down 23.
Aug 4, 2020 6:37 PM
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Canadian auto sales hit 165,020 in July, up 6.2 per cent from June
TORONTO — Auto sales continued their upward trend in July, mounting a steadier recovery from the early months of the COVID-19 pandemic, DesRosiers Automotive Consultants Inc. reported Tuesday. In a 6.
Aug 4, 2020 6:00 PM
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