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National Business

Orders for big-ticket US manufactured goods jumped 11.2%

Orders for big-ticket US manufactured goods jumped 11.2%

WASHINGTON — Orders to U.S. factories for big-ticket manufactured goods jumped 11.2% in July, the third consecutive monthly gain. And the jump last month was even larger than the 7.7% increase in June, the Commerce Department reported Wednesday.
No sweat: Dick's crushes 2Q as consumers focus on fitness

No sweat: Dick's crushes 2Q as consumers focus on fitness

At home workouts and outdoor athletic activities are shaping up to be good business for Dick's Sporting Goods.
Mark Carney joins alternative asset manager Brookfield Asset Management

Mark Carney joins alternative asset manager Brookfield Asset Management

TORONTO — Mark Carney will lead a team at Brookfield Asset Management focused on investing in positive environmental, social and governance changes, the alternative asset manager said Wednesday.
National Bank of Canada reports $602-million Q3 profit, tops expectations

National Bank of Canada reports $602-million Q3 profit, tops expectations

National Bank of Canada's third-quarter profit topped expectations, even as the bank continued to put aside large sums to account for potential bad loans during the COVID-19 pandemic.
Media study says hundreds of Canadian radio stations, TV outlets risk closure

Media study says hundreds of Canadian radio stations, TV outlets risk closure

As many as 40 local television outlets and 200 Canadian radio stations could be forced to close in the next three years.
ABC's Muir, Democratic convention on cable TV lead ratings

ABC's Muir, Democratic convention on cable TV lead ratings

NEW YORK — In this pandemic season, ABC's David Muir has emerged as broadcast television's star of the summer. The “World News Tonight” anchor's nightly summary averaged 8.
Alberta's debt will continue to rise as economy struggles: premier

Alberta's debt will continue to rise as economy struggles: premier

EDMONTON — Alberta Premier Jason Kenney is painting a dark picture ahead of this week's financial update.

Ontario's credit rating remains stable despite COVID-19 pandemic: FAO

TORONTO — Ontario's fiscal watchdog says the province's credit rating has remained stable in 2020 despite the costs incurred by the government during the COVID-19 pandemic.
Alberta offers non-financial support for high-speed hyperloop project

Alberta offers non-financial support for high-speed hyperloop project

CALGARY — The Alberta government says it will support a proposal to build a hyperloop transport system capable of whisking passengers in an elevated tube between Edmonton and Calgary at 1,000 kilometres per hour.
Mixed U.S. economic news and Canadian bank reports lead to unsettled markets

Mixed U.S. economic news and Canadian bank reports lead to unsettled markets

TORONTO — Mixed economic news in the U.S. and reports of high provisions for credit losses at two Canadian banks helped drive Canada's main stock index to a small loss at the close of trading Tuesday. The S&P/TSX composite index was down 9.