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National Business
National Business
Cdn. companies paying almost $500,000 on average to ransomware attackers: survey
TORONTO — Canadian companies hit by ransomware attacks pay almost half a million dollars on average to perpetrators, according to the results of a new survey.
Dec 8, 2021 8:00 AM
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Scholz replaces Merkel as German chancellor, opening new era
BERLIN (AP) — Center-left leader Olaf Scholz became Germany's ninth post-World War II chancellor Wednesday, opening a new era for the European Union’s most populous nation and largest economy after Angela Merkel’s 16-year tenure .
Dec 8, 2021 7:14 AM
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Small, medium-sized businesses gave women smaller raises than men in 2021: survey
TORONTO — The average salary increases given to men this year were nearly double the amounts received by women, a new survey has found.
Dec 8, 2021 6:00 AM
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Canadian business owners upbeat for 2022 with sales, investments to rebound: Survey
MONTREAL — Canadian business owners are bullish on the economy's rebound from COVID-19, with a new report finding investment plans and sales expectations for next year exceed pre-pandemic levels.
Dec 8, 2021 6:00 AM
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Nevada jury: Health insurers owe ER doctors $60M in damages
LAS VEGAS (AP) — One of the largest U.S. health insurance companies and its branches in Nevada were found liable Tuesday for $60 million in punitive damages for underpaying out-of-network emergency medical providers.
Dec 7, 2021 9:35 PM
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Stocks rise broadly on Wall Street for 2nd day in a row
BEIJING — Stocks rose broadly on Wall Street Tuesday, adding to the market’s solid gains from a day earlier, as investors wager that the new variant of the COVID-19 virus won’t pose as big a threat to the economy as some initially feared.
Dec 7, 2021 8:34 PM
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Hawaii recoups from big storm amid lingering flood threats
HONOLULU (AP) — A slow-moving storm that knocked out power, swamped dozens of homes and sent creeks and streams surging had mostly passed over Hawaii on Tuesday, though the threat of flooding lingered in some already-drenched areas.
Dec 7, 2021 8:33 PM
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CIBC to pay $125 million to settle class-action lawsuit on subprime mortgage risks
TORONTO — CIBC has agreed to pay $125 million to settle a class-action lawsuit that had accused the bank of misrepresenting its exposure to U.S. residential mortgage-backed securities ahead of the financial crisis.
Dec 7, 2021 6:34 PM
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Travel, tourism sectors see glimmers of hope amid Omicron uncertainty
MONTREAL — Katie Summers cancelled her wedding anniversary trip three times over the past 18 months. Now, the Omicron variant of COVID-19 means her January vacation to Hawaii with her husband may be added to the scrap heap.
Dec 7, 2021 6:13 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,162.65, up 301.55 points.) Suncor Energy Inc. (TSX:SU). Energy. Up 60 cents, or 1.9 per cent, to $31.70 on 15.6 million shares.
Dec 7, 2021 5:31 PM
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