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Newfoundland's Hibernia offshore oil project gets $38 million in federal aid

Newfoundland's Hibernia offshore oil project gets $38 million in federal aid

ST. JOHN'S, N.L. — Newfoundland and Labrador is giving $38 million to the Hibernia offshore oil project in a bid to protect 148 jobs over 18 months.

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 (17,593.57, up 41.11 points.) TC Energy Corp. (TSX:TRP). Energy. Up 23 cents, or 0.44 per cent, to $52.83 on 6.5 million shares.
Magna to form joint venture with LG Electronics to build electric car components

Magna to form joint venture with LG Electronics to build electric car components

Shares of auto parts manufacturer Magna International Inc. hit an all-time high on Wednesday after the company announced a deal with LG Electronics to create a joint venture to build components for electric cars.
Investment firm Letko Brosseau to vote against deal to take Dorel Industries private

Investment firm Letko Brosseau to vote against deal to take Dorel Industries private

MONTREAL — Investment firm Letko, Brosseau and Associates Inc. says it plans to vote against a plan to take Dorel Industries Inc. private. The money manager says it holds 12.6 per cent of Dorel's outstanding class-B subordinate shares.
Virus-linked isolation of UK eases but backlog persists

Virus-linked isolation of UK eases but backlog persists

DOVER, England — Gridlock at an English port kept thousands of truckers and travellers stranded Wednesday despite a deal with France to lift a two-day blockade imposed because of a new variant of the coronavirus that had isolated Britain and raised f
GDP growth of 0.4% in Oct. offers glimmer of hope for economy in 2021

GDP growth of 0.4% in Oct. offers glimmer of hope for economy in 2021

OTTAWA — The Canadian economy outpaced expectations in October and an early estimate suggested growth continued in November, offering a glimmer of hope for a better-than-expected start to 2021.
Unions see opportunity as new generation of organizers emerge amid pandemic

Unions see opportunity as new generation of organizers emerge amid pandemic

While "unprecedented" has been the go-to term to describe the ripple effects of the COVID-19 pandemic, the wave of labour upheaval currently moving across the country is the latest turn in a familiar cycle.
Consumer spending drops 0.4%, first decline since April

Consumer spending drops 0.4%, first decline since April

WASHINGTON — U.S. consumer spending fell 0.4% in November, the first decline since April, as Americans confronted a newly resurgent virus. The decline followed a 0.
US layoffs remain elevated as 803,000 seek jobless aid

US layoffs remain elevated as 803,000 seek jobless aid

WASHINGTON — The number of Americans seeking unemployment benefits fell by 89,000 last week to a still-elevated 803,000, evidence that the job market remains under stress nine months after the coronavirus outbreak sent the U.S.
President of NB Liquor and Cannabis NB resigns and returns to private sector

President of NB Liquor and Cannabis NB resigns and returns to private sector

FREDERICTON — The president of NB Liquor and Cannabis NB has resigned after 16 months on the job. The Crown corporation said in a news release that Patrick Parent has decided to return to the private secor in a CEO role.