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North American stock markets climb to record highs amid Democrat gains in Washington

TORONTO — Stock markets across North America, including Canada's main index, surged to record highs Thursday on anticipation that a Democratic electoral sweep in the U.S. will result in greater stimulus spending.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (18,027.57, up 199.46 points.) Cenovus Energy Inc. (TSX:CVE). Energy. Up 12 cents, or 1.41 per cent, to $8.61 on 13.4 million shares.
2020 sets new sales record for Toronto homes priced $3 million and up

2020 sets new sales record for Toronto homes priced $3 million and up

TORONTO — A record number of Toronto homes priced over $3 million sold last year, Re/Max said in a report this week, even as amid the economic downturn during the COVID-19 pandemic.
New Mercedes screen to stretch nearly full width of car

New Mercedes screen to stretch nearly full width of car

FRANKFURT — Daimler's Mercedes-Benz has unveiled a key interior component of its upcoming electric luxury sedan: a large, curved screen that sweeps across almost the entire width of the car in the place of a conventional dashboard.
Ontario students push teachers to pressure pension fund to divest from fossil fuels

Ontario students push teachers to pressure pension fund to divest from fossil fuels

TORONTO — An environmental coalition is appealing to Ontario teachers to pressure their pension fund to divest from companies that develop or transport fossil fuel products.
Top bank economists expect 2021 recovery if Canada quells COVID-19, vaccinates more

Top bank economists expect 2021 recovery if Canada quells COVID-19, vaccinates more

TORONTO — Chief economists from Canada's big banks expect the economy to rebound this year, but say failing to control COVID-19 or get vaccines into arms could upend that recovery.
US services sector grows for seventh consecutive month

US services sector grows for seventh consecutive month

SILVER SPRING, Md. — The U.S. services sector, where most Americans work, grew for the seventh consecutive month in December even as coronavirus cases surged through the holidays.
Merchandise trade deficit fell to $3.3B in November, Statistics Canada reports

Merchandise trade deficit fell to $3.3B in November, Statistics Canada reports

OTTAWA — The country's merchandise trade deficit fell to $3.3 billion in November as gold exports rose and imports pulled back, Statistics Canada said Thursday. The result for November followed a revised deficit of $3.
US unemployment claims slip to still-high 787,000

US unemployment claims slip to still-high 787,000

WASHINGTON — The number of Americans seeking unemployment aid fell slightly last week to 787,000, a historically high number that points to a weak job market held back by the viral pandemic.
Planning your 2021 budget a chance to reassess your spending and make changes

Planning your 2021 budget a chance to reassess your spending and make changes

OTTAWA — The pandemic put household budgets to the test in 2020. For millions it meant the loss of a job or a reduction in hours, while for others it meant unexpected expenses as they made the shift to working from home.