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US says Iran briefly seizes oil tanker near Strait of Hormuz

DUBAI, United Arab Emirates — The Iranian navy boarded and briefly seized a Liberian-flagged oil tanker near the strategic Strait of Hormuz amid heightened tensions between Tehran and the U.S., a U.S. military official said Thursday. The U.S.
$72 million awarded to provide better internet for 51 northern communities

$72 million awarded to provide better internet for 51 northern communities

Five projects serving 51 communities in northern Canada have been awarded $72 million from the CRTC's Broadband Fund, a program that CRTC chairman Ian Scott says has become even more necessary due to the COVID-19 pandemic.
Ford issues two recalls of 63,367 Edge, Lincoln MKX and Lincoln Corsair models

Ford issues two recalls of 63,367 Edge, Lincoln MKX and Lincoln Corsair models

OAKVILLE, Ont. — Ford has issued two recalls affecting 63,367 vehicles in Canada, citing safety issues with the brakes and coil spring.
US budget deficit climbs to record $2.81 trillion

US budget deficit climbs to record $2.81 trillion

SILVER SPRING, Md. — The U.S. budget deficit climbed to $2.81 trillion in the first 10 months of the budget year, exceeding any on record, the Treasury Department said Wednesday.
Manitoba pushes economic rebound as COVID-19 cluster linked to meat plant grows

Manitoba pushes economic rebound as COVID-19 cluster linked to meat plant grows

BRANDON, Man. — The Manitoba government has launched a campaign promoting a restart to the economy in a city that has seen a large increase in COVID-19 cases connected to a cluster in a meat-processing plant.
Unifor launches Big Three negotiations with warning against COVID concessions

Unifor launches Big Three negotiations with warning against COVID concessions

TORONTO — Negotiations with the Detroit Three automakers were launched Wednesday with Unifor national president Jerry Dias warning the union won't make any concessions, even if there is a "second wave" of coronavirus infection.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,575.28, down 78.27 points) StageZero Life Sciences Ltd. (TSX:SZLS). Health care. Up 2.5 cents, or 38.

Birchcliff Energy reports wider second-quarter loss on lower oil, liquids prices

CALGARY — Natural gas producer Birchcliff Energy Ltd. is reporting a $39.5-million second-quarter loss compared with a loss of $9.5 million in the year-earlier period.
North American stock markets surge higher with TSX boosted by energy sector

North American stock markets surge higher with TSX boosted by energy sector

TORONTO — The Toronto Stock Exchange's main index surged to its highest level since early March on the strength of the energy sector, while the S&P 500 fell just shy of an all-time high. The S&P/TSX composite index moved up 78.
Ontario budget deficit projected to jump to $38.5 billion in 2020-2021

Ontario budget deficit projected to jump to $38.5 billion in 2020-2021

TORONTO — The COVID-19 pandemic continues to take a heavy toll on Ontario, the province's finance minister said Wednesday as he announced the government has nearly doubled its deficit projection in just three months.