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Canadian Press NewsAlert: Ontario government presents $187B pandemic-era budget

Canadian Press NewsAlert: Ontario government presents $187B pandemic-era budget

TORONTO — Ontario will spend a record $187 billion this year as it lays out a plan to recover from the COVID-19 pandemic, with money earmarked for the health-care sector, to support for seniors living at home and to subsidize electricity rates for bu
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Resolute Forest Products chief executive Yves Laflamme to retire next year

Resolute Forest Products chief executive Yves Laflamme to retire next year

Resolute Forest Products chief executive Yves Laflamme will retire next year and be replaced by chief financial officer Remi Lalonde, the company announced Thursday.
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Alberta auditor flags $1.6B in government accounting blunders, oversight problems

Alberta auditor flags $1.6B in government accounting blunders, oversight problems

EDMONTON — Alberta’s auditor general has flagged $1.6 billion worth of accounting blunders along with other oversight problems by Premier Jason Kenney’s government.
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Highlights from the Ontario budget unveiled Thursday

Highlights from the Ontario budget unveiled Thursday

Ontario's Progressive Conservative government presented their first pandemic-era budget Thursday.
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Quebecor open to bundling its Fizz wireless with a partner company's land network

Quebecor open to bundling its Fizz wireless with a partner company's land network

MONTREAL — Quebecor Inc.
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Software company OpenText sees $103.4M spike in net income in Q1

Software company OpenText sees $103.4M spike in net income in Q1

WATERLOO, Ont. — OpenText Corp. saw a nearly 40 per cent spike in net income in its most recent quarter, as investors continued to rally behind North American tech companies in the wake of COVID-19. The Waterloo, Ont.
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Acquisitions, digital offerings help SunLife Q3 profit hit $750M amid pandemic

Acquisitions, digital offerings help SunLife Q3 profit hit $750M amid pandemic

TORONTO — Lower acquisition costs and digital offerings helped Sun Life Financial Inc. deliver a 10 per cent increase to its third-quarter net profit.
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S&P/TSX composite joins U.S. markets rallying while loonie marches higher

S&P/TSX composite joins U.S. markets rallying while loonie marches higher

TORONTO — Canada's main stock index had its best performance in five months Thursday as it joined U.S. investors who continue to bask in the glow of expected post-election gridlock.
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Great-West Lifeco Q3 profit up 13 per cent from last year to $826M

Great-West Lifeco Q3 profit up 13 per cent from last year to $826M

Great-West Lifeco Inc. managed to notch a 13 per cent increase in net earnings during its third quarter, even as it went on a multi-billion-dollar spending spree.
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Fed signals readiness to do more for economy as virus rages

Fed signals readiness to do more for economy as virus rages

WASHINGTON — The Federal Reserve kept its benchmark interest rate at a record low near zero Thursday and signalled its readiness to do more if needed to support an economy under threat from a worsening coronavirus pandemic.
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