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Services sector growth slows in August but still positive

WASHINGTON — Growth in the U.S. services sector, where most Americans work, slowed in August after big rebounds in June and July, indicating lingering problems stemming from the coronavirus pandemic.
DP World, Caisse de Deport to invest US$4.5 billion in global ports

DP World, Caisse de Deport to invest US$4.5 billion in global ports

DUBAI, United Arab Emirates — International port operator DP World reached a deal Thursday with one of Canada’s biggest pension-fund managers to pour an additional US$4.5 billion into their joint venture of ports and terminals.
U.S. productivity rises a record 10.1% in second quarter

U.S. productivity rises a record 10.1% in second quarter

SILVER SPRING, Md. — U.S. productivity rose at a 10.1% rate in the second quarter as the number of hours worked declined by the largest amount since the government started compiling the data more than 70 years ago.
Statistics Canada says merchandise trade deficit $2.45 billion in July

Statistics Canada says merchandise trade deficit $2.45 billion in July

OTTAWA — Canada's merchandise trade deficit was $2.45 billion in July as both imports and exports continued to post strong gains, but remained below pre-pandemic levels, Statistics Canada said Thursday.

B.C. puts delays or put taxes on hold to help on pandemic recovery.

VICTORIA — The COVID-19 pandemic has prompted the British Columbia government to delay implementation of several taxes, including increasing the carbon tax.
Independent Cogeco board members reject $10.3B bid from U.S. firm, Rogers

Independent Cogeco board members reject $10.3B bid from U.S. firm, Rogers

The board of directors for Cogeco Inc. and Cogeco Communications Inc. say their independent members have rejected a hostile bid from a New York firm that offered $10.3 billion to buy the telecommunications companies.
United plans to furlough 16,000 workers, fewer than expected

United plans to furlough 16,000 workers, fewer than expected

United Airlines said Wednesday it plans to furlough 16,370 employees in October, a smaller number than the airline predicted in July because thousands of workers agreed to leave with the travel industry facing a slow recovery from the pandemic.
Fed survey finds widespread pessimism about economic future

Fed survey finds widespread pessimism about economic future

WASHINGTON — The latest Federal Reserve survey of U.S. economic activity found generally modest gains in August but also pessimism about the future given the threats posed by the coronavirus.
Budget deficit to hit record $3.3T due to virus, recession

Budget deficit to hit record $3.3T due to virus, recession

WASHINGTON — The federal budget deficit is projected to hit a record $3.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,697.97, up 52.98 points.) Suncor Energy Inc. (TSX:SU). Energy. Down 37 cents, or 1.75 per cent, to $20.77 on 17.1 million shares.
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