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Canadian Natural reports $1.38B Q1 profit, plans to use cash flow to reduce debt
CALGARY — Higher oil and gas prices, record production and a restrained capital spending budget will result in bountiful free cash flow for Canadian Natural Resources Ltd. this year, the oilsands company said Thursday.
May 6, 2021 12:49 PM
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Central 1 housing analysis predicts slower market in 2022 but prices continue upward
VANCOUVER — The latest analysis of British Columbia's housing market predicts yo-yo-like activity over the next 18 months as sales spin out this year and curl back in 2022.
May 6, 2021 11:16 AM
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Bombardier not ready to increase jet production despite clearing COVID turbulence
MONTREAL — Bombardier Inc. isn't ready to increase business jet production despite believing it has passed through turbulence caused by the COVID-19 pandemic.
May 6, 2021 10:42 AM
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CMHC predicts COVID-19 immunity will moderate pace of home sales, prices by 2023
Canada Mortgage and Housing Corp. says the average home price could rise by as much as 14 per cent this year, but the pace of sales could moderate by the end of 2023 if broad immunity to COVID-19 is soon achieved.
May 6, 2021 10:39 AM
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Home renovation savings prove elusive as wood prices at record highs
CALGARY — Canadian consumers have many ways to save money on home renovations despite a pandemic-driven surge in demand that has jolted lumber and construction panel prices to all-time highs.
May 6, 2021 10:26 AM
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Volkswagen profits jump as China leads pandemic rebound
FRANKFURT — Volkswagen Group's after-tax profit rebounded strongly to 3.4 billion euros ($4.
May 6, 2021 9:42 AM
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Microsoft pledges to let EU users keep data inside bloc
LONDON — Microsoft is pledging to let business and public sector customers in the European Union keep cloud computing data inside the 27-nation bloc to avert concerns about U.S. government access to sensitive information.
May 6, 2021 9:32 AM
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Productivity rebounds at solid 5.4% rate in first quarter
WASHINGTON — U.S. productivity posted a sharp rebound between January and March after falling in the previous quarter. Labor costs declined slightly. Productivity increased at an annual rate of 5.4% in the first quarter, recovering from a 3.
May 6, 2021 9:32 AM
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Bank of England expects best year for UK economy since 1941
LONDON — The Bank of England has kept interest rates on hold as it forecast the fastest annual pace of growth for the British economy since early on in World War II, largely as a result of the rapid rollout of coronavirus vaccines.
May 6, 2021 9:31 AM
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In the shadow of COVID-19, a toll on entertainment workers
NEW YORK — Like so many, the pandemic upended life for actor and dancer Rena Riffel. The Los Angeles-based performer needed help with rent, utilities and counselling when jobs suddenly dried up.
May 6, 2021 9:12 AM
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