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US consumer borrowing fell by $7.2 billion in August

US consumer borrowing fell by $7.2 billion in August

WASHINGTON — U.S. consumers cut back on their borrowing in August, with credit card use dropping for a sixth straight month, reflecting caution in the midst of the pandemic-triggered recession.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,428.30, up 192.17 points.) VIVO Cannabis Inc. (TSX:VIVO). Health care. Down 5.5 cents, or 30.56 per cent, to 12.5 cents on 12.
Fed officials cited risks if Congress fails to pass more aid

Fed officials cited risks if Congress fails to pass more aid

WASHINGTON — Federal Reserve officials expressed concern at their most-recent meeting that the U.S. economy recovery could falter if Congress failed to approve another round of pandemic relief.

Markets close higher amid renewed hope for U.S. stimulus deal

TORONTO — Markets moved higher on Wednesday after a broad-based rally lifted shares of health-care companies and consumer brands, amid renewed hopes for a stimulus deal in the U.S.

BiWay co-founder's death puts planned resurgence of discount retail chain in doubt

Malcolm Coven, the tenacious co-founder of Canadian bargain store BiWay, has died. He was 91. The son of Russian Jewish immigrants, Coven grew up in Massachusetts and attended Boston Latin School, an elite public high school with entrance exams.
Markets close higher amid renewed hope for U.S. stimulus deal

Markets close higher amid renewed hope for U.S. stimulus deal

TORONTO — Markets moved higher after a broad-based rally lifted shares of health-care companies and consumer brands, amid renewed hopes for a stimulus deal in the U.S. The S&P/TSX composite index closed up 192.17 points at 16,428.30.

Canadian Press NewsAlert: CBC cuts 60 newsroom jobs

TORONTO — CBC says in an internal memo it is cutting more than 60 newsroom jobs. CBC spokesman Chuck Thompson says about 50 unionized employees and 10 managerial positions are affected by the cuts. More coming. The Canadian Press
Netflix Canada increases prices for its monthly standard, premium plans

Netflix Canada increases prices for its monthly standard, premium plans

TORONTO — Netflix Canada is increasing some of its prices again. The streaming giant says the basic plan for subscribers remains unchanged at $9.99 a month, but the standard monthly plan is going up by one dollar to $14.
New Jack Daniel's master distiller keeps up family tradition

New Jack Daniel's master distiller keeps up family tradition

In a business where family tradition tends to matter, Chris Fletcher stepped up Wednesday to follow in his grandfather's footsteps to lead production of the Jack Daniel’s whiskey brand.
Email raises questions about potential bias at transport regulator

Email raises questions about potential bias at transport regulator

Questions about potential bias at the Canadian Transportation Agency came to the fore this week after a government official acknowledged that CTA board members greenlit the regulator’s stance in favour of travel vouchers over refunds.
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