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TSX higher to cap good week despite escalating tensions between U.S. and China

TSX higher to cap good week despite escalating tensions between U.S. and China

TORONTO — Canada's main stock index capped a good week by moving slightly higher Friday amid escalating tensions between the U.S. and China. The S&P/TSX composite index closed up 28.79 points at 14,913.
CAE foresees 'major disruptions' into autumn due to COVID-19 pandemic

CAE foresees 'major disruptions' into autumn due to COVID-19 pandemic

MONTREAL — Flight simulator company CAE Inc. saw profits fall six per cent last quarter due to the impact of the COVID-19 pandemic — and the turbulence isn't over.
Health officials in Saskatchewan report five new COVID-19 cases

Health officials in Saskatchewan report five new COVID-19 cases

REGINA — Saskatchewan is reporting five new cases of COVID-19, mostly from the far north. Health officials say the provincial total sits at 627, with 521 people having recovered.
California's April jobless rate higher than Great Recession

California's April jobless rate higher than Great Recession

SACRAMENTO, Calif. — California's unemployment rate nearly tripled to 15.
Loughlin, Giannulli plead in college scam but await fate

Loughlin, Giannulli plead in college scam but await fate

“Full House” star Lori Loughlin and her fashion designer husband, Mossimo Giannulli, pleaded guilty Friday to paying half a million dollars to get their two daughters into the University of Southern California as part of a college admissions bribery
Dominion Diamond proposes transaction to exit CCAA status, reopen Ekati mine

Dominion Diamond proposes transaction to exit CCAA status, reopen Ekati mine

CALGARY — The owner of the Ekati diamond mine is proposing a transaction that would allow it to exit court protection from creditors, provide operating funds and eventually restart the suspended Northwest Territories mine.
Florida unemployment rate triples in April to nearly 13%

Florida unemployment rate triples in April to nearly 13%

FORT LAUDERDALE, Fla.
China boosts spending for virus-hit economy, takes up HK law

China boosts spending for virus-hit economy, takes up HK law

BEIJING — China’s No. 2 leader on Friday promised higher spending to revive its pandemic-stricken economy and curb surging job losses but avoided launching a massive stimulus on the scale of the United States or Japan.
Canadian retail sales fell 10% in March, April expected to be worse

Canadian retail sales fell 10% in March, April expected to be worse

OTTAWA — Canadian retail sales collapsed in March as they posted their biggest monthly decline on record and Statistics Canada warned an even bigger drop is expected for April as closures due to pandemic ran the entire month.

Globe publisher says print advertising revenues headed for 'accelerated decline'

TORONTO — Phillip Crawley, publisher of The Globe and Mail, is warning that already diminished print advertising revenues are headed for another shock as the impacts of COVID-19 ravage the newspaper industry.
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