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Canadian Natural takes Keystone XL pipeline charge, raises dividend 11 per cent

Canadian Natural takes Keystone XL pipeline charge, raises dividend 11 per cent

CALGARY — The move by U.S. President Joe Biden to cancel the Keystone XL pipeline in January continues to plague Canadian oil companies, with Canadian Natural Resources Ltd.
Nova Scotia company that retooled factory to make medical gowns loses new tender

Nova Scotia company that retooled factory to make medical gowns loses new tender

HALIFAX — A Canadian undergarment company that quickly retooled its factory last spring to make personal protective equipment is laying off 150 workers after failing to win a new federal contract. Stanfield's Ltd.
Bombardier to focus on after-sales service until business jet recovery takes hold

Bombardier to focus on after-sales service until business jet recovery takes hold

MONTREAL — While the business jet market will take "several years" to return to pre-pandemic levels, Bombardier Inc. plans to capitalize on growth of after-sales service to achieve its goal of US$7.5 billion in sales in 2025.
CRTC says cancellation fee protections apply to three-year device plans

CRTC says cancellation fee protections apply to three-year device plans

GATINEAU, Que. — The CRTC says that consumers with smartphone-financing plans of three years or longer will be protected by a policy that caps cancellation fees.
Square, Inc. to buy majority of Tidal and put Jay-Z on board

Square, Inc. to buy majority of Tidal and put Jay-Z on board

SAN FRANCISCO — Financial technology company Square, Inc. said Thursday that it has reached an agreement to acquire majority ownership of Tidal, the music streaming service partly owned by Jay-Z.
GM looking to build 2nd US battery factory, Tennessee likely

GM looking to build 2nd US battery factory, Tennessee likely

DETROIT — General Motors says it's looking for a site to build a second U.S. battery factory with joint venture partner LG Chem of Korea.
UK competition watchdog investigates Apple's App Store

UK competition watchdog investigates Apple's App Store

LONDON — U.K. authorities have launched an investigation into Apple's App Store over concerns it has a dominant role that stifles competition and hurts consumers.
S&P/TSX composite down despite gains in energy sector as price of oil rises

S&P/TSX composite down despite gains in energy sector as price of oil rises

TORONTO — Canada's main stock index was down in late-morning trading as the technology, industrial and metals and mining sectors lost ground, while U.S. stock markets were mixed. The S&P/TSX composite index was down 51.92 points at 18,268.
Detailed vs. flat rate: New way to claim work-from-home costs gives workers options

Detailed vs. flat rate: New way to claim work-from-home costs gives workers options

Ottawa has come up with a simpler way to claim expenses for that spare room or corner that became a makeshift office last spring when pandemic lockdowns went into effect across the country.
Productivity down 4.2%, largest decline in nearly 40 years

Productivity down 4.2%, largest decline in nearly 40 years

WASHINGTON — U.S. productivity fell at an annual rate of 4.2% in the fourth quarter, the largest quarterly decline in nearly four decades. The revised figure released by the Labor Department Thursday was slightly smaller than the 4.
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