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Total writes off $9.3B in oilsands assets, cancels Canadian oil lobby membership

CALGARY — French energy giant Total says it is writing off $9.3-billion (US$7 billion) worth of oilsands assets in Alberta and cancelling its membership in the Calgary-based Canadian Association of Petroleum Producers.
The Latest: Zuckerberg questioned on viral misinformation

The Latest: Zuckerberg questioned on viral misinformation

WASHINGTON — The Latest on testimony before a congressional committee by the CEOs of Facebook, Apple, Amazon and Google (all times local): 6:30 p.m.
Fed sees dim economic outlook as virus squeezes economy

Fed sees dim economic outlook as virus squeezes economy

WASHINGTON — Federal Reserve Chair Jerome Powell warned Wednesday that the viral epidemic is endangering the modest economic recovery that followed a collapse in hiring and spending this spring.
Canada's arts and recreation businesses face greatest risk of closure: CFIB

Canada's arts and recreation businesses face greatest risk of closure: CFIB

TORONTO — Canada's struggling independent businesses in the arts, entertainment and recreational sectors are at the highest risk of permanently closing due to COVID-19, according to the Canadian Federation of Independent Business.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,294.66, up 173.34 points) Aphria Inc. (TSX:APHA). Healthcare. Down $1.50, or 18.7 per cent, to $6.52 on 9.98 million shares.
Toronto stock index gains nearly 200 points as Shopify Inc. shares strengthen

Toronto stock index gains nearly 200 points as Shopify Inc. shares strengthen

TORONTO — Canada's main stock index gained nearly 200 points Wednesday as Shopify Inc. buoyed the tech sector with its strong quarterly results. The S&P/TSX composite index gained 173.34 points to 16,294.66.
RioCan swings to $350.8-million loss in Q2 amid rent deferrals caused by COVID-19

RioCan swings to $350.8-million loss in Q2 amid rent deferrals caused by COVID-19

TORONTO — RioCan REIT is doubling down on its strategy to divest from brick-and-mortar apparel retailers in favour of grocery stores, pharmacies and e-commerce.

Bird Construction to buy Stuart Olsen; most of $96.5 million going to lenders

MISSISSAUGA, Ont. — Bird Construction Inc. will acquire Calgary-based construction services company Stuart Olson Inc. in a deal valued at $96.5 million. The combined business would employ about 5,000 people across Canada and generate about $2.
Saskatchewan reports 50 new COVID-19 cases, 44 in 'one communal living setting'

Saskatchewan reports 50 new COVID-19 cases, 44 in 'one communal living setting'

REGINA — Saskatchewan is reporting 50 new cases of COVID-19. The government says 44 of the infections are from what it calls "one communal living setting" in the north.
Nova Scotia moves from surplus to $853-million deficit due to pandemic

Nova Scotia moves from surplus to $853-million deficit due to pandemic

HALIFAX — After a thin $55-million surplus tabled in February's budget, COVID-19 costs have driven Nova Scotia's finances deep into the red, resulting in a $853-million deficit.
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