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National Business
TSX flirts with correction territory, posts worst week since 2008
TORONTO — Canada's largest stock index flirted with correction territory Friday after plunging for a sixth-straight day, capping off its worst week since the global financial crisis of 2008.
Feb 28, 2020 5:30 PM
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Fed Chair Powell pledges to use tools to support economy
WASHINGTON — Federal Reserve Chairman Jerome Powell sought to calm fears Friday over the viral outbreak by issuing a rare statement of reassurance that the Fed will “use our tools" to support the economy — a strong signal of a coming interest rate cu
Feb 28, 2020 5:13 PM
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CRTC needs to take new approach on wireless price reductions, advocate says
Canadians are frustrated by the high prices they pay for wireless internet and the problem will only get worse unless the industry's regulator makes a dramatic move to increase competition, a consumer advocacy group said Friday.
Feb 28, 2020 4:59 PM
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Tim Hortons faces U.S. franchisee lawsuit alleging 'fraudulent' business scheme
TORONTO — Franchisee unrest has hit Tim Hortons again, this time from its U.S. members, who are accusing the company of engaging in an "illegal and fraudulent business scheme.
Feb 28, 2020 3:21 PM
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Event organizers cancel conferences, grapple with coronavirus outbreak
TORONTO — Organizations across the country are cancelling conferences, fretting about whether to forge ahead with events and considering more health-conscious policies as concerns grow over the recent outbreak of a novel form of coronavirus.
Feb 28, 2020 3:16 PM
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TMX exchanges operating normally Friday after glitch forced halt a day earlier
TORONTO — TMX Group says trading activity is operating normally on its exchanges after a malfunction Thursday forced it to close trading early amid a major market selloff.
Feb 28, 2020 2:38 PM
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Onex Corp. reports US$187M profit, says virus impact so far minor for businesses
TORONTO — Private equity firm Onex Corp. says it had net earnings of US$187 million in the fourth quarter compared with net earnings of US$88 million a year earlier when it reported under a different reporting standard.
Feb 28, 2020 2:25 PM
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Vancouver founder of meme-friendly White Claw on bringing the drink to Canada
A tsunami of social media hype and celebratory trend pieces have already made White Claw a sensation in the United States.
Feb 28, 2020 2:20 PM
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Statistics Canada says economic growth slowed to 0.3% annual pace in Q4
OTTAWA — Economic growth in Canada slowed over the last three months of 2019 for its worst quarter in three years, limping into 2020 and facing headwinds from trade uncertainty and the novel coronavirus outbreak.
Feb 28, 2020 12:10 PM
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Laurentian Bank reports Q1 profit down from year ago, misses expectations
MONTREAL — Laurentian Bank Financial Group missed expectations as it reported its first-quarter profit fell to $32.2 million compared with $40.3 million in the same quarter a year earlier.
Feb 28, 2020 8:26 AM
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