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More Americans sign contracts to buy homes in July

More Americans sign contracts to buy homes in July

SILVER SPRING, Md. — More Americans signed contracts to buy homes in July, suggesting the current hot housing market could continue in the fall. The National Association of Realtors said Thursday that its index of pending sales rose 5.9%, to 122.
U.S. economy plunged an annualized 31.7% in second quarter

U.S. economy plunged an annualized 31.7% in second quarter

BALTIMORE — The U.S. economy shrank at an alarming annual rate of 31.7% during the April-June quarter as it struggled under the weight of the viral pandemic, the government estimated Thursday. It was the sharpest quarterly drop on record.
More than 1 million Americans file for unemployment, again

More than 1 million Americans file for unemployment, again

WASHINGTON — Just over 1 million Americans applied for unemployment benefits last week, a sign that the coronavirus outbreak continues to threaten jobs even as the housing market, auto sales and other segments of the economy rebound from a springtime
CIBC reports $1.17-billion Q3 profit, beat expectations

CIBC reports $1.17-billion Q3 profit, beat expectations

TORONTO — Canadian Imperial Bank of Commerce's earnings took a tumble as it allocated an increasing amount of money towards bad loans triggered by the COVID-19 pandemic. The Toronto-based bank said Thursday that it earned $1.17 billion or $2.
Oil industry shuts platforms, rigs, refineries before storm

Oil industry shuts platforms, rigs, refineries before storm

NEW YORK — The energy industry braced Wednesday for catastrophic storm surges and winds as Hurricane Laura cut a dangerous path toward the coastlines of Texas and Louisiana.
Tech-driven rally boosts U.S. and Toronto indexes, loonie above 76 cents US

Tech-driven rally boosts U.S. and Toronto indexes, loonie above 76 cents US

TORONTO — A technology-driven rally on markets in the United States spilled across the border to boost the tech sector in Canada and help drive the country's main stock index higher on Wednesday. The S&P/TSX composite index closed up 172.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,789.97, up 172.49 points) Northern Dynasty Minerals Ltd. (TSX:NDM). Materials. Up 40 cents, or 51.95 per cent, to $1.17 on 13.
Drugstores ramp up COVID-19 testing as part of health-care push amid pandemic

Drugstores ramp up COVID-19 testing as part of health-care push amid pandemic

Bolstered by early successes, drugstores are accelerating their push into traditional health care amid the COVID-19 pandemic. Loblaw Companies Ltd.
Facebook: Apple privacy changes will muck up online ads

Facebook: Apple privacy changes will muck up online ads

OAKLAND, Calif. — Facebook is pushing back on new Apple privacy rules for its mobile devices — and putting app developers in the middle.
RBC closely watching economic recovery amid signs recovery is underway

RBC closely watching economic recovery amid signs recovery is underway

TORONTO — Royal Bank of Canada believes the next few months will be difficult for the economy, despite detecting signs of a rebound.