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S&P/TSX composite rebounds from one-day blip as crude oil approaches US$60 a barrel

S&P/TSX composite rebounds from one-day blip as crude oil approaches US$60 a barrel

TORONTO — Canada's main stock index moved past a one-day blip to resume its upward trend as crude oil approached US$60 a barrel. The S&P/TSX composite index closed up 67.22 points to 18,460.21. It gained 1.8 per cent on the week and is running 6.
'Tone deaf' photo from defence chief is a reminder that 'talk is cheap': experts

'Tone deaf' photo from defence chief is a reminder that 'talk is cheap': experts

TORONTO — A photo of eight white men posted to Twitter by the Canadian Armed Forces' chief of defence staff with a message supporting diversity should be a reminder that more inclusivity efforts are needed, observers said.
Canadian Malartic partners approve $1.7-billion western Quebec gold mine extension

Canadian Malartic partners approve $1.7-billion western Quebec gold mine extension

CALGARY — A plan to spend $1.7 billion over the next seven years to develop the Odyssey underground mine to extend the life of the Canadian Malartic Mine's open pit operation in western Quebec has been approved by its owners.
Draghi forms new govt blending experts, political operatives

Draghi forms new govt blending experts, political operatives

ROME — Former European Central Bank chief Mario Draghi on Friday accepted the Italian president's bid to form a new government, announcing a Cabinet of experts mixed with experienced political hands, at once seeking to reassure financial markets and
MNP to buy part of Deloitte's Canada business, gaining 900 workers and 25 offices

MNP to buy part of Deloitte's Canada business, gaining 900 workers and 25 offices

CALGARY — Canadian accounting and consulting firm MNP LLP says it will buy part of Deloitte's Canadian business in a new deal between two of the country's largest professional services firms.
CAE Inc. seeing improvement despite Q3 profits being cut in half from year ago

CAE Inc. seeing improvement despite Q3 profits being cut in half from year ago

MONTREAL — CAE Inc. says its results are improving despite reporting that net profits were cut in half in the third quarter from a year ago as it continues to manage through a challenging time for the aerospace sector.
Enbridge anticipates cash flow bounty as Line 3 cost estimate jumps to $9.3 billion

Enbridge anticipates cash flow bounty as Line 3 cost estimate jumps to $9.3 billion

CALGARY — Construction of the U.S. portion of its Line 3 oil pipeline will cost $1.1 billion more than expected due to regulatory and court delays in Minnesota but the CEO of owner Enbridge Inc.
Air Canada posts 'bleak' financial results as Transat deal comes through

Air Canada posts 'bleak' financial results as Transat deal comes through

MONTREAL — Air Canada posted a staggering $1.16 billion loss in the fourth quarter of 2020, a result that caps off what the company's chief executive called the bleakest year in aviation history.
Timeline: The ups and downs of Air Canada's deal for Transat AT

Timeline: The ups and downs of Air Canada's deal for Transat AT

MONTREAL — The federal government has approved Air Canada's $190-million purchase of Transat A.T.
Agnico Eagle Mines net income drops to US$205.2 million in fourth quarter

Agnico Eagle Mines net income drops to US$205.2 million in fourth quarter

TORONTO — Agnico Eagle Mines Ltd. says its profit fell in the fourth quarter, as it paid 75 per cent of base salaries to its Nunavut-based workforce, which has been at home under COVID-19 guidelines.
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