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S&P/TSX composite essentially flat as sentiment muted by rising COVID infections

S&P/TSX composite essentially flat as sentiment muted by rising COVID infections

TORONTO — Canada's main stock index was essentially flat Thursday as investors took their foot off the pedal on concerns about rising COVID-19 infections and pocketed some profits following a good few weeks of trading.

Junior producer Osum Oil Sands rejects Waterous Energy Fund share offer as inadequate

CALGARY — Private junior oilsands producer Osum Oil Sands Corp. says shareholders should reject a $126-million bid by Calgary investment firm Waterous Energy Fund to nearly double its ownership stake.

Postmedia tells Unifor local of buyout, layoff plan to cut Vancouver salary expenses

VANCOUVER — Postmedia has notified unionized employees in Vancouver that it wants to reduce salary expenses there by 15 per cent through a voluntary buyout program or layoffs.
Pandemic resurgence blunts refined fuel demand recovery, says Imperial Oil CEO

Pandemic resurgence blunts refined fuel demand recovery, says Imperial Oil CEO

CALGARY — The CEO of Imperial Oil Ltd. says rising COVID-19 infection numbers have stalled a recovery in demand for vehicle fuels produced in its Canadian refineries from the depths of the pandemic lockdowns in March and April.
Be careful with buy now, pay later deals for nominal purchases: experts

Be careful with buy now, pay later deals for nominal purchases: experts

TORONTO — Online shoppers may have recently noticed new options on the checkout pages of their favourite retailers: buy now, pay later.
Women leaving workforce faster than men, childcare playing big role in exodus: study

Women leaving workforce faster than men, childcare playing big role in exodus: study

TORONTO — Men are picking up jobs at three times the rate that women are leaving the workforce amid the pressures and opportunities of the COVID-19 pandemic, according to a new Royal Bank report.
'Wonder Woman 1984' to debut in Canadian theatres, but not on streaming, on Dec. 25

'Wonder Woman 1984' to debut in Canadian theatres, but not on streaming, on Dec. 25

TORONTO — "Wonder Woman 1984" will make history in the United States when it becomes the first superhero blockbuster to debut simultaneously in theatres and on a streaming platform, but for Canadians, the viewing options won't be so revolutionary.
Southwest, United Airlines see weak demand over holidays, 1Q

Southwest, United Airlines see weak demand over holidays, 1Q

DALLAS — United Airlines warned Thursday that bookings have slowed and cancellations have increased as the number of coronavirus infections spikes across the country.

AIMCo chief executive to exit from Alberta's embattled fund manager by June 2021

CALGARY — The chief executive of Alberta Investment Management Corp. is expected to leave the post by next June — a few months earlier than planned before the Alberta fund manager's investment track record came under fire earlier this year.
GM says demand for trucks helped turn the tide for Oshawa plant

GM says demand for trucks helped turn the tide for Oshawa plant

Growing demand for trucks helped convince executives to turn around plans for the plant in Oshawa, Ont., General Motors Canada president Scott Bell said.