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Asia shares higher after US rally despite rising virus fears

Asia shares higher after US rally despite rising virus fears

TOKYO — Asian shares were mostly higher on Wednesday with another mood boost from Wall Street, but fears persist over the surge in coronavirus cases in parts of the world. Japan's benchmark Nikkei 225 edged 0.1% higher to 22,576.63.

Newspaper owner Saltwire permanently sheds 109 positions due to COVID-19

HALIFAX — SaltWire Network says it is letting go 109 employees who have been permanently laid off because of the hit to advertising caused by the COVID-19 pandemic.
Indigo loses $171 million in Q4 after taking large impairment, tax charges

Indigo loses $171 million in Q4 after taking large impairment, tax charges

TORONTO — Indigo Books & Music Inc. is reporting a surge in losses caused by non-cash charges in the quarter that closed out its fiscal year ended March 28. The Toronto-based book, gift and specialty toy retailer says it lost $171.
WestJet retreats on labour code exemption that would facilitate mass layoffs

WestJet retreats on labour code exemption that would facilitate mass layoffs

WestJet Airlines Ltd. says it has halted its pursuit of a labour code exemption that would have facilitated mass layoffs.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,564.75, up 47.85 points.) Hexo Corp. (TSX:HEXO). Health care. Up seven cents, or 7.07 per cent, to $1.06 on 9.3 million shares.
North American stock markets rise after Trump confirms China trade deal in tact

North American stock markets rise after Trump confirms China trade deal in tact

TORONTO — The tech-heavy Nasdaq composite set new records Tuesday while other stock markets rose after U.S. President Donald Trump confirmed a trade deal with China remains intact.
CMHC expects uneven and uncertain recovery in country's housing market

CMHC expects uneven and uncertain recovery in country's housing market

OTTAWA — Canada's housing market is headed into a period of "severe declines" in sales and construction, but the full effect of COVID-19 on real estate is far from certain at this point, according to a new report by the Canada Mortgage and Housing Co
Pandemic-era tech changes should become permanent, says Toronto mayor

Pandemic-era tech changes should become permanent, says Toronto mayor

TORONTO — The COVID-19 pandemic has put a dent in Toronto's economy but it has also taught valuable lessons that should lead to permanent technological change, Mayor John Tory said Tuesday.
Aurora Cannabis to lay off 700 staff, close five sites, take impairment charges

Aurora Cannabis to lay off 700 staff, close five sites, take impairment charges

EDMONTON — Aurora Cannabis Inc. is making its second round of significant cuts this year as it continues with a restructuring plan meant to address profitability struggles.
Despite green pledges, Amazon’s carbon footprint grew 15%

Despite green pledges, Amazon’s carbon footprint grew 15%

NEW YORK — Amazon said Tuesday that its carbon footprint rose 15% last year, even as it launched initiatives to reduce its harm on the environment. The online shopping giant said activities tied to its businesses emitted 51.
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