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Boxing Day's shot to return to its 'glory days' stymied by lockdowns: Retail experts
Canadian retailers are expected to offer deep discounts this Boxing Day in a bid to entice shoppers to buy up leftover holiday and seasonal goods and raise enough cash to endure the latest round of pandemic restrictions.
Dec 24, 2020 9:22 AM
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Galen Weston succeeds father as controlling shareholder of grocery empire
TORONTO — The Weston family says Galen G. Weston has succeeded his father, W. Galen Weston, as the controlling shareholder of Wittington Investments, Ltd., the controlling shareholder of George Weston Ltd.
Dec 24, 2020 7:23 AM
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China steps up pressure on Alibaba with anti-monopoly probe
BEIJING — Chinese regulators on Thursday announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up the ruling Communist Party’s efforts to control fast-growing tech industries.
Dec 24, 2020 3:48 AM
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Asian markets advance after S&P 500 snaps losing streak
Asian shares were mostly higher on Thursday after stocks eked out small gains on Wall Street following a mixed set of reports on the economy. Benchmarks rose in Tokyo, Hong Kong and Sydney.
Dec 23, 2020 9:27 PM
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TransAlta shifts $439 million in power assets to TransAlta Renewables subsidiary
CALGARY — TransAlta Corp. says it is selling power transmission assets in Canada and the United States for $439 million to its majority owned subsidiary TransAlta Renewables Inc.
Dec 23, 2020 4:41 PM
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Trump plan to curb drug costs dealt setback in court
WASHINGTON — A late-term manoeuvr by President Donald Trump to use lower drug prices paid overseas to limit some of Medicare's own costs suffered a legal setback Wednesday that appears likely to keep the policy from taking effect before the president
Dec 23, 2020 4:36 PM
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Cormark Securities Inc. and ITG Canada Corp. to pay $1 million to settle SEC charges
TORONTO — The U.S. Securities and Exchange Commission says Canadian broker-dealers Cormark Securities Inc. and ITG Canada Corp. have agreed to pay a total of US$1 million to settle charges of improper trading procedures.
Dec 23, 2020 4:21 PM
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Company plans to build $107M fibre-optic cable from Newfoundland to Nunavut
IQALUIT, Nunavut — A Toronto-based company says it has plans to bring fibre-optic internet to Iqaluit, Nunavut, in 2022.
Dec 23, 2020 4:09 PM
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S&P/TSX composite up as dollar, energy, materials and health-care sectors rise
TORONTO — Worries about a new COVID-19 strain in the U.K. that affected stock trading earlier this week seemed to evaporate on Wednesday as most North American markets rose in a tide of pre-Christmas optimism.
Dec 23, 2020 3:45 PM
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Wood products pricing surge expected to persist, raising 2021 house, renovation costs
CALGARY — An unexpected rebound in wood product prices this month is boosting profits for Canadian forestry companies but leaving homeowners and buyers with the prospect of higher home and renovation costs in 2021.
Dec 23, 2020 2:56 PM
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