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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.
Macy's loses money in 3Q; virus surges into holiday season

Macy's loses money in 3Q; virus surges into holiday season

NEW YORK — Macy's swung to a quarterly loss and sales tumbled 22% as the department store chain struggled to bring shoppers back to stores during a pandemic.
GM: New batteries cut electric car costs, increase range

GM: New batteries cut electric car costs, increase range

DETROIT — General Motors says a pending breakthrough in battery chemistry will cut the price of its electric vehicles so they equal those powered by gasoline within five years.
West Fraser Timber to acquire Norbord in all-stock deal valued at $4 billion

West Fraser Timber to acquire Norbord in all-stock deal valued at $4 billion

TORONTO — A $4-billion all-stock deal to take over Norbord Inc. will transform West Fraser Timber Co. Ltd. into a "global diversified wood products company," CEO Ray Ferris said Thursday.
IMF director: virus could disrupt global recovery

IMF director: virus could disrupt global recovery

WASHINGTON — The head of the International Monetary Fund said Thursday that the while the United States and other major economies turned in better-than-expected economic performances in the third quarter, the world now faces slower momentum with a re
CFIB calls for freeze on Canada Pension Plan premiums set to rise on Jan. 1

CFIB calls for freeze on Canada Pension Plan premiums set to rise on Jan. 1

TORONTO — The Canadian Federation of Independent Business has asked the federal government to hold Canada Pension Plan premiums at current levels next year when they're scheduled to rise.
Existing home sales up 4.3% in October, fifth monthly gain

Existing home sales up 4.3% in October, fifth monthly gain

CHARLOTTE, N.C. — Sales of existing homes rose for a fifth straight month in October, reaching a level not seen since before the housing bubble popped 14 years ago. The National Association of Realtors said Thursday existing homes sales rose 4.
EU auditors: Antitrust probes too slow to curb tech giants

EU auditors: Antitrust probes too slow to curb tech giants

LONDON — The EU's efforts to rein in the power of big tech companies such as Google and Facebook through antitrust investigations have taken too long, dulling their effectiveness, a report said Thursday.
US jobless claims rise to 742,000; millions to lose aid

US jobless claims rise to 742,000; millions to lose aid

WASHINGTON — The number of Americans seeking unemployment aid rose last week to 742,000, the first increase in five weeks and a sign that the resurgent viral outbreak is likely slowing the economy and forcing more companies to cut jobs.
'Wonder Woman 1984' to debut in theatres and on HBO Max

'Wonder Woman 1984' to debut in theatres and on HBO Max

“Wonder Woman 1984” isn’t skipping theatres or moving to 2021, but it is altering course. The last big blockbuster holdout of 2020 is still opening in U.S.