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Bank of America sees recessionary impacts 'deep into 2022'

Bank of America sees recessionary impacts 'deep into 2022'

NEW YORK — Bank of America's second-quarter profits were sawed in half and the consumer banking giant set aside billions of dollars to cover potentially bad loans caused by the coronavirus pandemic.
Tesla tries to assure workers there's no big virus outbreak

Tesla tries to assure workers there's no big virus outbreak

DETROIT — Tesla is trying to assure its 55,000 employees that there hasn't been a big coronavirus outbreak at company facilities worldwide, despite a report by an electric vehicle industry website that over 130 Tesla employees or contractors have tes
Ottawa's emergency benefits program becomes a flashpoint as businesses reopen

Ottawa's emergency benefits program becomes a flashpoint as businesses reopen

TORONTO — Canada's emergency response benefits have become a flashpoint, as employers seek to recall workers who are still concerned about the effects of the COVID-19 pandemic.
Cirque du Soleil shareholders terminate offer after deal with creditors

Cirque du Soleil shareholders terminate offer after deal with creditors

MONTREAL — The Cirque du Soleil's shareholders terminated their takeover bid after the insolvent entertainment business reached an agreement with its creditors for an offer without any contribution from Quebec taxpayers.
European Central Bank urges leaders to act on economy

European Central Bank urges leaders to act on economy

FRANKFURT — The European Central Bank hit pause Thursday after deploying massive stimulus measures in recent weeks and urged government leaders to do their part by agreeing on an EU-wide fund to support regions hardest hit by the virus outbreak.
Businesses tepid toward B.C. COVID recovery plan, seek bold response: survey

Businesses tepid toward B.C. COVID recovery plan, seek bold response: survey

VANCOUVER — The latest survey of businesses in British Columbia reveals few are confident the province's $1.5-billion recovery plan will help them survive or succeed.
Pandemic impact blamed as Barrick gold production falls in the second quarter

Pandemic impact blamed as Barrick gold production falls in the second quarter

TORONTO — Barrick Gold Corp. is reporting lower production of gold and higher costs at its mines in preliminary second quarter results. The Toronto-based miner says gold production in the three months ended June 30 fell by about eight per cent to 1.
Lower panel prices boost interest in home solar power but true cost is complex

Lower panel prices boost interest in home solar power but true cost is complex

CALGARY — Lockdowns imposed to control the COVID-19 pandemic have sparked plenty of interest in residential solar power systems among people forced to spend more time at home, says installer Paul Rivera.
Kirkland Lake Gold extends suspension of operation at Ontario mine complex

Kirkland Lake Gold extends suspension of operation at Ontario mine complex

TORONTO — Kirkland Lake Gold Ltd. says it will cut up to 255 staff positions due to a pandemic-related suspension of operations at its Holt Complex in northern Ontario.

US retail sales jump 7.5% in June, but economy still ails

BALTIMORE — U.S. retail sales climbed a solid 7.5% in June, a sign that the economy was healing right before infections from the coronavirus spiked again and dragged down hopes for a steady recovery.
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