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North American stock markets lower on inflation fear; loonie briefly hits 80 cents US

North American stock markets lower on inflation fear; loonie briefly hits 80 cents US

TORONTO — Major stock indexes in Canada and the U.S. closed lower Thursday as inflation fears swirled and the Canadian loonie rose over 80 cents US before falling back to earth.
Loblaw's discount stores on upswing after 'flight to conventional' stores: president

Loblaw's discount stores on upswing after 'flight to conventional' stores: president

Loblaw Companies Ltd.'s discount grocery stores are starting to win back market share after consumers flocked to conventional supermarkets at the outset of the pandemic, the company's president said Thursday.
Dairy farmers lobby asks members to stop using palm oil in feed after 'buttergate'

Dairy farmers lobby asks members to stop using palm oil in feed after 'buttergate'

A dairy producers' lobbying group is asking farmers to consider alternatives to palm supplements in livestock feed pending the results of an investigation launched in response to consumers' concerns about perceived changes to the consistency of butte

Game on, again: GameStop surges and no one truly knows why

NEW YORK — Wall Street's GameStop saga won't stop. After weeks of going dormant, shares of GameStop have suddenly shot higher again, rising 18.6% Thursday after surging 75% in the last hour of trading Wednesday.
Banks carve out gains from wealth management, mortgages even as some sectors languish

Banks carve out gains from wealth management, mortgages even as some sectors languish

TORONTO — TD chief executive Bharat Masrani said on Thursday it was “too early to declare victory” against the COVID-19 pandemic — even as TD was one of six Canadian banks that reduced its provisions for bad debt, citing better prospects for the econ
Health innovation needs to return to Canada: Business Council of Canada CEO

Health innovation needs to return to Canada: Business Council of Canada CEO

TORONTO — The head of the Business Council of Canada is worried about the country's inability to produce vaccines and certain medical supplies, but hopes the pandemic will pressure governments to rectify the situation.
Twitter to let users charge followers to see premium posts

Twitter to let users charge followers to see premium posts

Twitter is branching out from advertising to find more ways to make money — both for itself and for its most prolific users, whether those are businesses, celebrities or regular people.
Canada's top court says it won't hear appeals by Bell and several cable companies

Canada's top court says it won't hear appeals by Bell and several cable companies

OTTAWA — Canada's top court has decided against hearing a pair of appeals brought to it by Bell Canada, Rogers Communications and a number of cable companies seeking to overturn a CRTC decision that lowered the wholesale rates those companies charge
Canadian small businesses rack up $135 billion in debt to survive pandemic: Report

Canadian small businesses rack up $135 billion in debt to survive pandemic: Report

TORONTO — Canada’s small businesses have collectively taken on $135 billion in debt in an attempt to survive the pandemic, a dizzying amount that could hurt the country's economic recovery, according to a report released Thursday.
Quebec's Caisse posts 7.7-per-cent return in 2020 as real estate underperforms

Quebec's Caisse posts 7.7-per-cent return in 2020 as real estate underperforms

MONTREAL — The Caisse de depot et placement du Quebec posted a return of 7.7 per cent in 2020, below its benchmark index of 9.2 per cent as the investment fund plans changes to its portfolio in response to the COVID-19 pandemic.
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