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Nova Chemicals hires industry veteran Luis Sierra to replace retiring CEO
CALGARY — Nova Chemicals Corp. has appointed a veteran petrochemical industry executive to replace CEO Todd Karran, who previously announced his retirement.
Jul 7, 2020 3:03 PM
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S&P/TSX composite dips even as gold price rises to near nine-year high
TORONTO — Canada's main stock index dipped on rising COVID-19 infections but still outperformed its U.S. counterparts as the materials sector surged with the price of gold hitting a near nine-year high.
Jul 7, 2020 3:01 PM
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Canada's two largest railways move record grain in June, second quarter
Canada's two largest railways moved record quantities of grain in the second quarter after benefiting from another strong month in June.
Jul 7, 2020 2:20 PM
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Detour gold mine addition boosts Kirkland Lake second-quarter production
TORONTO — Shares in Kirkland Lake Gold Ltd. jumped by 5.2 per cent to $59.71 on Tuesday after it reported higher-than-expected gold production in the second quarter ended June 30.
Jul 7, 2020 2:18 PM
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N.L. judge says extension of offshore drilling licence unreasonable
ST. JOHN'S, N.L. — Environmental groups are celebrating after the Newfoundland and Labrador Supreme Court ruled the province's oil and gas board acted unreasonably by extending an exploration drilling licence beyond the defined term limit.
Jul 7, 2020 2:14 PM
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Oilsands companies restoring production as demand growth spurs higher prices
CALGARY — Oilsands companies are restoring thousands of barrels of daily production to take advantage of higher oil prices as relaxed pandemic measures allow North American consumers to get back on the road.
Jul 7, 2020 1:40 PM
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Toronto home sales rose in June, but supply still hasn't caught up
TORONTO — More buyers are wading into the Greater Toronto Area housing market after putting the hunt for a home on hold at the start of the COVID-19 pandemic, but there aren't enough properties available to meet the demand.
Jul 7, 2020 1:01 PM
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Canadian unemployment rate to peak at 11 per cent in Q2: OECD outlook
OTTAWA — The Organization for Economic Co-operation and Development says the unemployment rate in Canada peaked in the second quarter of this year, topping the mark hit in the financial crisis.
Jul 7, 2020 12:27 PM
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Hiring soared in May as mass layoffs eased
WASHINGTON — The job market took a big step toward healing in May, though plenty of damage remains, as a record level of hiring followed record layoffs in March and April.
Jul 7, 2020 10:29 AM
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Budget officer pegs cost of basic income as calls for it grow due to COVID-19
OTTAWA — The parliamentary budget office says it could cost more than $98 billion to provide almost all Canadians with a basic income for six months beginning this fall.
Jul 7, 2020 8:01 AM
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