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Imperial Oil reports $1.15B loss on writedown, sees pandemic-related fuel demand cut

Imperial Oil reports $1.15B loss on writedown, sees pandemic-related fuel demand cut

CALGARY — Sagging fuel demand due to lockdowns to deal with a second wave of the COVID-19 pandemic is again cutting into volumes and returns at refineries at Imperial Oil Ltd. after a recovery last fall, CEO Brad Corson said Tuesday.
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Brookfield Property Partners swings to Q4 loss despite improved investment activity

Brookfield Property Partners swings to Q4 loss despite improved investment activity

TORONTO — Brookfield Property Partners LP says it swung to a loss in its latest quarter despite seeing a significant pickup in private real estate investment activity.
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Brookfield Infrastructure selling Enwave business for US$4.1 billion

Brookfield Infrastructure selling Enwave business for US$4.1 billion

TORONTO — Brookfield Infrastructure has signed deals totalling US$4.1 billion to sell Enwave, its North American district energy business.
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Regulators eye Reddit stock rallies, but manipulation may be hard to prove: Experts

Regulators eye Reddit stock rallies, but manipulation may be hard to prove: Experts

TORONTO — Canadian regulators have said they will act if they see "abusive" or "manipulative" trading, as Reddit and other social media sites stoke stock mania.
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MDA starts working on Radarsat-2 surveillance satellite replacement

MDA starts working on Radarsat-2 surveillance satellite replacement

BRAMPTON, Ont. — MDA says it has started work on a replacement for its Radarsat-2 surveillance satellite. The company did not say how much the new project would cost or provide a timeline for a launch.
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Anticipation of pandemic's demise fuels resurgence in Toronto condo market

Anticipation of pandemic's demise fuels resurgence in Toronto condo market

When Sajeela Siddiqui planned to buy her first home during a pandemic, she looked to move outside of the Greater Toronto Area like so many others in search of more space. But after seeing a bloated market in cities as far as Waterloo, Ont.
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Canadian production company Shaftesbury forms strategic partnership with AMC Networks

Canadian production company Shaftesbury forms strategic partnership with AMC Networks

TORONTO — Canadian production company Shaftesbury of "Murdoch Mysteries" fame has formed a new strategic partnership with AMC Networks in the U.S., which it says might result in more of its shows winding up on American television.
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Euro economy burdened by pandemic, seen lagging US and China

Euro economy burdened by pandemic, seen lagging US and China

FRANKFURT — The European economy shrank 0.7% in the last three months of 2020 as businesses were hit by a new round of lockdowns aimed at containing a resurgence of the coronavirus pandemic.
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Biden meets Republicans on virus aid, but no quick deal

Biden meets Republicans on virus aid, but no quick deal

WASHINGTON — President Joe Biden told Republican senators during a two-hour meeting Monday night he's unwilling to settle on an insufficient coronavirus aid package after they pitched their slimmed down $618 billion proposal that's a fraction of the
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Wall Street's GameStop bug may have mutated; silver surges

Wall Street's GameStop bug may have mutated; silver surges

NEW YORK — The erratic trading in shares of underdog companies like GameStop that turned markets combustible last week appears to have migrated to commodities, sending silver prices surging to an eight-year high.
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