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National Business
Quebec to loan up to US$200 million to struggling Cirque du Soleil
The Quebec government is coming to the rescue of Cirque du Soleil, announcing a loan of up to US$200 million as part of an agreement that could eventually see the province take over the live entertainment giant now walking a financial tightrope.
May 26, 2020 4:24 PM
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Canada Pension fund manager posts 3.1 per cent annual return for 2019-20
TORONTO — A stock market crash in March due to the COVID-19 pandemic took a bite out of Canada Pension Plan Investment Board's returns for 2020 but other types of assets performed well during the same downturn, CPPIB chief executive Mark Machin said
May 26, 2020 3:23 PM
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Retailers add COVID-19 surcharge for services to help offset costs of pandemic
VANCOUVER — Among the many changes that returning customers to Hatz Hair Studio in North Vancouver may notice is a $5 charge on their bill to help offset costs associated with operating during the coronavirus.
May 26, 2020 3:05 PM
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'This is not a garden-variety recession,' says Scotiabank CEO as Q2 profit falls
TORONTO — COVID-19 weighed down Bank of Nova Scotia's second quarter, causing its profit to plunge and the company to increase its reserves to cover bad loans. The Toronto-based bank reported Tuesday a profit of $1.
May 26, 2020 2:54 PM
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Under-fire UK government aide Cummings has Johnson's loyalty
LONDON — Dominic Cummings helped Boris Johnson win power by pitting the people against the elite. Johnson’s Conservative administration has branded itself “the People’s Government.
May 26, 2020 2:01 PM
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Latam Airlines seeks bankruptcy protection as travel slumps
BANGKOK — Latam Airlines, South America’s biggest carrier, sought U.S. bankruptcy protection Tuesday as it grapples with a sharp downturn in air travel sparked by the coronavirus pandemic.
May 26, 2020 12:59 PM
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Survey of manufacturers finds output down, expected to last months yet
TORONTO — A survey of Canadian manufacturers shows a widespread drop in output as demand falls during the COVID-19 pandemic with no quick rebound in sight.
May 26, 2020 11:37 AM
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US new-home sales post slight gain in April
BALTIMORE — U.S. new home sales ticked up 0.6% in April, a surprising gain amid the coronavirus outbreak that hints at the relative health of potential buyers.
May 26, 2020 11:35 AM
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Consumer confidence up slightly but remains near 6-year low
WASHINGTON — U.S. consumer confidence inched up this month, showing signs of stabilizing, but remained near a six-year low in the face of the widespread business shutdowns that have sent the economy into recession.
May 26, 2020 11:32 AM
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Porter Airlines extends suspension of flights another month to July 29
TORONTO — Porter Airlines is extending the suspension of all of its flights by another month until July 29.
May 26, 2020 10:57 AM
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