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Mnuchin rejects renewal of some Fed emergency loan programs

Mnuchin rejects renewal of some Fed emergency loan programs

WASHINGTON — Treasury Secretary Steven Mnuchin said Thursday he will not extend several emergency loan programs set up with the Federal Reserve, an action that could hamper the ability of the incoming Biden administration to gain important economic s
Large railway shareholder seeks CN, CP climate plans and strategies to cut emissions

Large railway shareholder seeks CN, CP climate plans and strategies to cut emissions

MONTREAL — One of the largest shareholders of Canada's two main railways is calling on them to present climate plans at their upcoming annual meetings and strategies to reduce greenhouse gas emissions. TCI Fund Management Ltd.
Brexit trade negotiations suspended because of COVID-19 case

Brexit trade negotiations suspended because of COVID-19 case

BRUSSELS — As if the Brexit trade negotiations were not tortuous enough, the coronavirus added a twist at a crucial stage on Thursday when top-level talks had to be suspended because an EU negotiator tested positive for COVID-19.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,909.81, up 19.99 points.) Suncor Energy Inc. (TSX:SU). Energy. Up three cents, or 0.15 per cent, to $20.14 on 11.2 million shares.
S&P/TSX composite essentially flat as sentiment muted by rising COVID infections

S&P/TSX composite essentially flat as sentiment muted by rising COVID infections

TORONTO — Canada's main stock index was essentially flat Thursday as investors took their foot off the pedal on concerns about rising COVID-19 infections and pocketed some profits following a good few weeks of trading.
Junior producer Osum Oil Sands rejects Waterous Energy Fund share offer as inadequate

Junior producer Osum Oil Sands rejects Waterous Energy Fund share offer as inadequate

CALGARY — Private junior oilsands producer Osum Oil Sands Corp. says shareholders should reject a $126-million bid by Calgary investment firm Waterous Energy Fund to nearly double its ownership stake.
Postmedia tells Unifor local of buyout, layoff plan to cut Vancouver salary expenses

Postmedia tells Unifor local of buyout, layoff plan to cut Vancouver salary expenses

VANCOUVER — Postmedia has notified unionized employees in Vancouver that it wants to reduce salary expenses there by 15 per cent through a voluntary buyout program or layoffs.
Pandemic resurgence blunts refined fuel demand recovery, says Imperial Oil CEO

Pandemic resurgence blunts refined fuel demand recovery, says Imperial Oil CEO

CALGARY — The CEO of Imperial Oil Ltd. says rising COVID-19 infection numbers have stalled a recovery in demand for vehicle fuels produced in its Canadian refineries from the depths of the pandemic lockdowns in March and April.
Be careful with buy now, pay later deals for nominal purchases: experts

Be careful with buy now, pay later deals for nominal purchases: experts

TORONTO — Online shoppers may have recently noticed new options on the checkout pages of their favourite retailers: buy now, pay later.
Women leaving workforce faster than men, childcare playing big role in exodus: study

Women leaving workforce faster than men, childcare playing big role in exodus: study

TORONTO — Men are picking up jobs at three times the rate that women are leaving the workforce amid the pressures and opportunities of the COVID-19 pandemic, according to a new Royal Bank report.