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National Business
National Business
'Megascale' slaughterhouses, meat-packing plants put beef industry at risk: Report
CALGARY — The consolidation of beef processing plants in Alberta has kept meat prices affordable in Canada but has also made the industry vulnerable to disease outbreaks, according to a new report.
Dec 16, 2020 4:28 PM
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Banking industry's tech shift has accelerated amid pandemic
TORONTO — When COVID-19 swept across Canada, the Bank of Nova Scotia had a secret weapon in its arsenal: artificial intelligence As companies sent their employees home to work and businesses temporarily closed, the bank used the technology to identif
Dec 16, 2020 3:51 PM
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Canadians asked to 'picture life without restaurants' as industry hits grim milestone
A restaurant industry group is asking Canadians to imagine life without local restaurants after it says the country lost more than 10,000 eateries since the introduction of pandemic lockdowns.
Dec 16, 2020 3:38 PM
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Aphria and Tilray to merge, will use Tilray name and explore U.S. market
In the latest sign of the cannabis industry's efforts to streamline its operations and take advantage of what they hope will be a promising U.S. market, two of Canada's most prominent pot companies said Wednesday that they plan to merge.
Dec 16, 2020 3:33 PM
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BBC to launch new subscription streaming service BBC Select in Canada next year
BBC Studios is throwing another streaming service on the growing pile of options for Canadians. The British broadcaster's commercial division says it will launch BBC Select early next year in both Canada and the United States.
Dec 16, 2020 3:00 PM
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Fed keeps rate near zero but sees brighter economy in 2021
WASHINGTON — The Federal Reserve said Wednesday that it will keep buying government bonds until the economy makes “substantial” progress — a step intended to reassure financial markets and keep long-term borrowing rates low indefinitely.
Dec 16, 2020 2:51 PM
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Hamilton, Moncton becoming highly vulnerable to housing bubble, CMHC says
The jump in home prices seen in many cities this summer and fall was beyond what could be justified by Canadian income levels and population growth, Canada Mortgage and Housing Corp. said in a new report released Wednesday.
Dec 16, 2020 2:50 PM
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Canadian Utilities seeks deferral of distribution rate increases in Alberta
CALGARY — Canadian Utilities Ltd. has asked the Alberta Utilities Commission if it can defer compulsory electricity and natural gas distribution rate increases set to come into effect at the start of the new year.
Dec 16, 2020 2:37 PM
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German government backs bill requiring 5G security pledge
BERLIN — German Chancellor Angela Merkel's Cabinet approved a bill Wednesday that would require companies involved in setting up critical infrastructure such as high-speed 5G networks to guarantee that their equipment can't be used for sabotage, espi
Dec 16, 2020 1:04 PM
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Sonder to create 700 jobs in Quebec expansion with loan from the province
MONTREAL — Apartment-hotel company Sonder will expand its presence in Quebec by establishing an "international growth centre" in Montreal that should result in the creation of 700 jobs by 2025.
Dec 16, 2020 12:07 PM
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