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National Business
Wirecard CEO quits after auditors can't find $2.1 billion
FRANKFURT — The chief executive of German payment service provider Wirecard AG resigned on Friday after the company disclosed that auditors could not find 1.9 billion euros ($2.
Jun 19, 2020 2:44 PM
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Canadian crude-by-rail exports drop by half in April as fuel demand plunged
Canadian exports of crude oil by rail dropped by more than half in April compared to March as North American fuel demand plunged due to measures taken to control the COVID-19 pandemic.
Jun 19, 2020 1:41 PM
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SNC-Lavalin to pay $1.9 million for rigging bids on Quebec municipal contracts
OTTAWA — SNC-Lavalin Inc. will pay Ottawa $1.9 million for rigging bids on municipal infrastructure contracts in Quebec as part of a federal settlement.
Jun 19, 2020 1:07 PM
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Quebec securities regulator charges trio over PlexCoin virtual currency scheme
MONTREAL — Quebec's securities regulator has filed civil charges against three residents over the illegal sale of virtual currency called PlexCoin.
Jun 19, 2020 12:59 PM
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Ontario not moving ahead with plan to cut workers statutory holidays
TORONTO — The head of Unifor says he has been assured by Ontario's premier that the province will not proceed with a plan to cut statutory holidays for retail workers.
Jun 19, 2020 12:27 PM
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Bonavista shares-for-debt proposal leaves existing shareholders with 7% stake
CALGARY — Oil and gas producer Bonavista Energy Corp. is proposing a deal with lenders that would eliminate about half of its outstanding debt but leave existing shareholders with only seven per cent of the company.
Jun 19, 2020 11:32 AM
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Statistics Canada says retail sales plunged 26.4 per cent in April
OTTAWA — Retail sales fell by more than a quarter in April due to the COVID-19 pandemic, but Statistics Canada said Friday that they regained some of the lost ground in May. The agency said retail sales plunged by a record 26.4 per cent to $34.
Jun 19, 2020 10:26 AM
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Do-it-yourselfers keep renovation sector hopping during COVID-19 pandemic
CALGARY — An army of Canadian do-it-yourselfers building fences, repairing decks and slapping thousands of litres of paint on weather-beaten siding have helped building centres across Canada escape the worst of the pandemic economic downturn.
Jun 19, 2020 7:00 AM
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China charges 2 Canadians with spying in Huawei-linked case
BEIJING — China has charged two detained Canadians with spying in cases linked to Canada’s arrest of a Huawei executive on U.S. charges. Chinese prosecutors said Friday that Michael Kovrig and Michael Spavor have been charged.
Jun 19, 2020 1:13 AM
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Ovintiv lays off 25% of staff as fears rise for delayed oil industry recovery
CALGARY — Fears of persistently lower demand for oil are hitting home for industry workers as the world economy slowly strengthens following the deepest disruptions of the COVID-19 crisis. Oil and gas producer Ovintiv Inc.
Jun 18, 2020 6:41 PM
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