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North American stock markets plunge as Fed chairman attempts to reassure investors
TORONTO — North American stock markets dropped Thursday despite efforts by the chairman of the Federal Reserve to reassure investors that interest rates aren't about to increase. The S&P/TSX composite index closed down 194.95 points at 18,125.
Mar 4, 2021 3:14 PM
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Nova Scotia company that retooled factory to make medical gowns loses new tender
HALIFAX — An Atlantic Canadian undergarment company that quickly retooled its factory last spring to make personal protective equipment is laying off 150 workers after failing to win a new federal contract. Stanfield's Ltd.
Mar 4, 2021 2:24 PM
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Canadian Natural takes Keystone XL pipeline charge, raises dividend 11 per cent
CALGARY — The move by U.S. President Joe Biden to cancel the Keystone XL pipeline in January continues to plague Canadian oil companies, with Canadian Natural Resources Ltd.
Mar 4, 2021 1:15 PM
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Bombardier to focus on after-sales service until business jet recovery takes hold
MONTREAL — While the business jet market will take "several years" to return to pre-pandemic levels, Bombardier Inc. plans to capitalize on growth of after-sales service to achieve its goal of US$7.5 billion in sales in 2025.
Mar 4, 2021 12:45 PM
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CRTC says cancellation fee protections apply to three-year device plans
GATINEAU, Que. — The CRTC says that consumers with smartphone-financing plans of three years or longer will be protected by a policy that caps cancellation fees.
Mar 4, 2021 12:15 PM
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Square, Inc. to buy majority of Tidal and put Jay-Z on board
SAN FRANCISCO — Financial technology company Square, Inc. said Thursday that it has reached an agreement to acquire majority ownership of Tidal, the music streaming service partly owned by Jay-Z.
Mar 4, 2021 9:36 AM
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GM looking to build 2nd US battery factory, Tennessee likely
DETROIT — General Motors says it's looking for a site to build a second U.S. battery factory with joint venture partner LG Chem of Korea.
Mar 4, 2021 9:34 AM
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UK competition watchdog investigates Apple's App Store
LONDON — U.K. authorities have launched an investigation into Apple's App Store over concerns it has a dominant role that stifles competition and hurts consumers.
Mar 4, 2021 9:34 AM
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Detailed vs. flat rate: New way to claim work-from-home costs gives workers options
Ottawa has come up with a simpler way to claim expenses for that spare room or corner that became a makeshift office last spring when pandemic lockdowns went into effect across the country.
Mar 4, 2021 8:48 AM
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Productivity down 4.2%, largest decline in nearly 40 years
WASHINGTON — U.S. productivity fell at an annual rate of 4.2% in the fourth quarter, the largest quarterly decline in nearly four decades. The revised figure released by the Labor Department Thursday was slightly smaller than the 4.
Mar 4, 2021 8:18 AM
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